X Shore raised SEK 16.4M via Fundedbyme.

X Shore, a Stockholm, Sweden-based manufacturer of electric boats, completed a capital investment round totalling SEK 16.4M ($1.7M).

The funding was raised from a total number of 431 investors via an equity crowdfunding campaign via Fundedbyme.

In order to do that, the founders established FansofXshore, a public company by Qoorp AB, that will acquire a stake in the company X Shore AB.

X Shore was founded in 2018 by its CEO Konrad Bergström with the aim to built 100% electric boats.