Flux Marine, a developer of electric propulsion technology for recreational and commercial watercraft, announced a $15 million infusion of capital to scale outboard production and expand core technology sales. The funding included participation from existing investors and customers, as well as a new backer, Collide Capital. This brings total funding to over $30 million since 2020. The company has fully commercialized its 115HP electric outboard and modular battery pack – the only high-voltage electric outboard in production in North America that was designed with a clean-sheet approach.
This funding is supporting Flux Marine’s transition from a two-year, customer-driven fleet validation program to scaling production. “The ocean environment is unforgiving – so after several years of internal prototyping and testing, we put systems in the hands of early adopters to rigorously validate real-world performance and rapidly iterate through customer feedback,” said Ben Sorkin, CEO of Flux Marine. “This period of testing with customers required a significant investment of time and resources but contributes to the overall capital efficiency of the company and instills consumer confidence as other players remain early in development. Since completing this testing with customers, we’ve delivered more high-voltage electric outboards than any other company on the continent over the last 18 months.”
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By focusing on propulsion technology, Flux Marine’s mission is to partner with boat builders, enabling them to offer electric options and expand their customer base. The modular electric powertrain and battery architecture integrate across a wide range of hulls, enabling rapid rollouts of electric boat packages as seen with partners such as Scout Boats, Highfield, Flagship Pontoons, Hyfoil and most recently, Zodiac. Having tested most electric products that have entered the market, Christophe Lavigne, President of Highfield Boats noted, “Between the no-maintenance closed loop cooling system, innovative belt drive and lower unit, the Flux outboard is the solution. We are there, we are building the future.”
“The future of marine electrification depends on empowering, not replacing, the industry’s best boat builders and dealers. Companies like Highfield, Scout, and Zodiac have spent decades mastering boat design and manufacturing economics to deliver products that customers actually want,” said investor Stephen Petranek, Operating Partner of Ocean Zero. “Flux Marine’s approach builds on that expertise, enabling partners to keep innovating in the market segments they know best while we focus on building the best propulsion systems.”
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