XShore announced the completion of a $5.6M capital investment round.

Xshore, a Stockholm, Sweden-based manufacturer of electric boats, announced that it raised SEK 52M ($5.6M) in caital investment.

The money was provided by Swedish investors. In conjunction with the investment, Jenny Keisu joins as new CEO of the company.

X Shore was founded in 2018 by Konrad Bergström with the aim to build a "Tesla for boats". Prior to this round, the company raised money via Fundedbyme.