Financials

Estimates*

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Revenues, earnings & profits over time
SEK20212022
Revenues40.1m73.6m
% growth-84 %
Profit(133m)(228m)
% profit margin(331 %)(310 %)
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DateInvestorsAmountRound
-

N/A

-
N/A

€1.5m

Seed

€5.0m

Early VC
N/A

N/A

Seed

€15.0m

Valuation: €90.0m

Late VC
*

€45.5m

Late VC
*

€26.5m

Valuation: €228m

28.1x EV/LTM Revenues

Late VC
*
N/A

€8.5m

Valuation: €228m

Late VC
Total Funding$112m

Recent News about X Shore

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More about X Shore
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X Shore is a Swedish startup that operates in the boat manufacturing industry, specializing in the production of high-performance, all-electric powered boats. The company's mission is to revolutionize the boat industry by providing a sustainable alternative to traditional fossil fuel-powered boats. X Shore's boats are designed with Scandinavian aesthetics, Swedish maritime craftsmanship, and innovative technology, offering a blend of style, performance, and sustainability.

The company's target market includes environmentally conscious consumers and businesses looking for a sustainable, efficient, and cost-effective boating solution. X Shore's boats are not only eco-friendly, but they also offer significant operational advantages. They are almost completely silent, easy to maintain, and produce zero exhaust emissions. Furthermore, they are designed to be user-friendly and secure, with no outboard motor to steal.

X Shore's business model is based on direct sales of its electric boats. The company generates revenue from the sale of each boat, with the potential for additional income from maintenance services and accessories. The boats' lower operating costs compared to traditional boats, coupled with their environmental benefits, make them an attractive option for customers.

In terms of environmental impact, an X Shore boat produces zero exhaust emissions, contributing to cleaner air and water. Depending on the source of electricity used to charge the boat, it can also contribute to lower carbon emissions. For example, using the EU electricity mix, the company's Eelex 8000 model can save approximately 2 metric tons of CO2 emissions during a typical season of 50 hours on the water, equivalent to planting around 80 trees.

Keywords: Electric Boats, Sustainable, Zero Emissions, User-Friendly, Low Maintenance, Direct Sales, Environmentally Conscious, Scandinavian Design, Innovative Technology, Maritime Craftsmanship.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.