Electric boat maker X Shore sinks after raising over €100m from high-profile investors
22 okt. 2025
16:04
X Shore is no more.
The Swedish electric boat startup, backed by over €100m from high-profile investors, declared bankruptcy today, leaving 70 employees adrift and ambitions of a “Tesla of the seas” unfulfilled.
The Swedish electric boat startup, backed by over €100m from high-profile investors, declared bankruptcy today, leaving 70 employees adrift and ambitions of a “Tesla of the seas” unfulfilled.
X Shore has been declared bankrupt after a turbulent few years at the electric boat startup. The company currently employees 70 people who will now be laid off.
The company filed for insolvency with the Stockholm District Court Tuesday, which approved the application later that day, according to Swedish local news outlet SN citing court documents.