- Pyxis secured S$13 million in the first close of its S$18 million growth funding round,
reflecting strong investor confidence in its vessel technology, commercial traction and
regional growth strategy. - Backed by climate-tech and venture funds including Shift4Good and Motion
Ventures, family offices, MOL PLUS, the corporate venture capital arm of Mitsui
O.S.K. Lines, and SEEDS, the investment arm of SG Growth Capital. - Green financing from OCBC will enable Pyxis to scale its vessel deployment.
- Growth funding capital will expand ElectraTM’s capabilities as well as accelerate
vessel manufacturing and the rollout of ultra-fast marine charging infrastructure
across Asia. - Pyxis signed a Heads of Agreement (HoA) with MOL (Asia Oceania) to explore the
potential of establishing a joint venture company.
17 December 2025, Singapore — Pyxis, a leading Singapore-based maritime electrification
startup, has secured S$13 million in the first close of its S$18 million growth funding round.
The early close underscores rising investor conviction in Pyxis’ technology and commercial
progress, reinforced by continued support from Singapore government agencies such as the
Maritime and Port Authority of Singapore (MPA) and SEEDS, which operates under SG
Growth Capital, the investment platform of the Singapore Economic Development Board
(EDB) and Enterprise Singapore
Pyxis’ fund raise comes at a time marked by an increased demand for electric vessels
across Asia. The region operates more than 70,000 coastal and in-port vessels while
Singapore alone expects some 1,600 harbour crafts to transition to electric or low-carbon
alternatives as part of the broader national goals.
Pyxis’ electric vessels and energy systems address this need directly – reducing the total
cost of ownership (TCO) by lowering both fuel and maintenance expenses, while
significantly improving energy efficiency and cutting emissions.
Powered by ElectraTM, the company’s proprietary energy and vessel management platform,
Pyxis enables real-time monitoring, predictive maintenance and fleet-level optimisation,
improved reliability and reduced downtime.
To date, the company has secured 17 orders for electric vessels across multiple customers
in the region, including Singapore. Concurrently, Pyxis is developing a network of ultra-fast
marine charging sites, with two charging locations deployed and additional sites planned in
partnership with local stakeholders. An upcoming 300KW charger location will also be
launched in Q1 2026. With these deployments, Pyxis is entering its strongest growth chapter
since inception.
Strengthened by Equity, Green Financing and Regulatory Support
The financing round is backed by a strong coalition of climate-tech, venture capital, and
maritime strategic investors, with follow-on commitments from Shift4Good, Motion Ventures,
the world’s largest maritime tech fund, and SG Growth Capital, underscoring the sustained
confidence of Pyxis’ long-term partners. It also includes participation from strategic backers
including Mitsui O.S.K. Lines, one of the world’s largest shipping companies, through its
corporate venture capital arm, MOL PLUS.
The raise was catalysed by the Maritime and Port Authority of Singapore (MPA)’s Expression
of Interest (EOI) for electric vessel financing, which was part of Singapore’s broader
maritime decarbonisation and innovation efforts to build an electric harbour craft ecosystem
that supports early adopters of new electric solutions.
In addition to equity financing, Pyxis has secured green debt financing from OCBC,
strengthening its capacity to scale vessel deployment and infrastructure development. This
financing, to be channelled toward vessel capital expenditure, will provide capital flexibility
essential for accelerating commercial rollout.
“Investor conviction in this round sends an unmistakable message: maritime electrification is
accelerating, and Pyxis is leading that transition,” said Tommy Phun, Founder and CEO of
Pyxis. “The strength of this first close, anchored by strategic follow-on investments, validates
the scalability of our technology and our ambition to build Asia’s leading coastal
electrification ecosystem.”
“Two years ago, Pyxis was a bold vision with a great team behind it. Today, that vision is
moving fast across the water: 17 vessels secured, charging infrastructure rolling out,
ElectraTM evolving into a true operating system for electric fleets, and international expansion
underway,” said Sebastien Guillard, Co-founder and Managing Partner of Shift4Good. “Few
companies execute with this clarity and pace. We’re proud to back Pyxis again and support
their rise as the leader of Asia’s coastal electrification wave.”
“SEEDS is proud to continue backing Pyxis, a fast-growing company with a capable team
and strong strategic partnerships, together with our co-investment partner Shift4Good. We
look forward to seeing Pyxis advance its solutions and contribute to the maritime
electrification landscape in the region,” said Tan Kaixin, General Manager of SEEDS.
Funding to Fast-Track 2026 Regional Expansion
The round’s proceeds will power Pyxis’ next phase of growth, including:
- Scaling Vessel Production
Increasing manufacturing capacity for the Pyxis One, Pyxis R and Pyxis L series to
meet rising demand from Singapore, Japan and emerging ASEAN markets. - Advancing the ElectraTM Smart Ecosystem
Deploying advanced IoT systems, predictive maintenance tools and vehicle-to-grid
capabilities to enhance operational efficiency and energy resilience for operators. - Expanding Ultra-Fast Marine Charging Infrastructure
Accelerating development of next-generation, high-capacity charging stations to
support large-scale electric vessel operations across the region.
Milestones Laying the Foundation for a Successful Raise
Earlier this year, the company launched Pyxis R, its next-generation solar-electric passenger
ferry in Singapore as a real-world showcase of how clean vessels can transform urban
coastal mobility and tourism experiences.
In November 2025, Pyxis signed a Heads of Agreement (HoA) with MOL (Asia Oceania) as
an extension of the collaboration established under their 2023 Memorandum of
Understanding (MoU). The HoA outlines the mutual understanding to jointly explore the
feasibility of a joint venture company.
Pyxis is also expanding regionally through a strategic partnership with Utomodeck Group in
Indonesia, supporting infrastructure build-out and electrification efforts across the world’s
largest archipelago.
Looking ahead, Pyxis will debut Pyxis L, its luxury-focused electric vessel variant, in early
2026. Designed for premium hospitality, private charters and elevated passenger
experiences, Pyxis L will open high-value market segments across Asia.
Together, these achievements, alongside the strong investor support, position Pyxis as a key
catalyst in Asia’s transition toward cleaner, smarter, all-electric coastal transport.
About Pyxis
Pyxis is a maritime electrification technology start-up with a mission to create a sustainable,
greener maritime future. By easing mass commercialisation and adoption of electric coastal
vessels, Pyxis accelerates maritime decarbonisation while elevating vessel performance and
management. Led by maritime veterans and supported by leading coastal vessel owners
and government agencies, Pyxis is positioned to drive transformation in key port segments
of Singapore and sister-ports in the region.
For more information and media enquiries, please contact:
PRecious Communications for Pyxis
pyxis@preciouscomms.com
