Flux Marine Receives $15 Million Capital Infusion for Electric Outboard Production

FluxMarine, a developer of electric propulsion technology for recreational and commercial watercraft, announced a $15 million infusion of capital to scale outboard production and expand core technology sales. The funding included participation from existing investors and customers, as well as a new backer, Collide Capital. This brings total funding to over $30 million since 2020.

The company has fully commercialized its 115HP electric outboard and modular battery pack – the only high-voltage electric outboard in production in North America designed with a clean-sheet approach. This funding is supporting Flux Marine’s transition from a two-year, customer-driven fleet validation program to scaling production.

By focusing on propulsion technology, Flux Marine’s mission is to partner with boat builders, enabling them to offer electric options and expand their customer base. The modular electric powertrain and battery architecture integrates across a wide range of hulls, enabling rapid rollouts of electric boat packages as seen with partners such as Scout Boats, Highfield, Flagship Pontoons, Hyfoil and most recently, Zodiac.

Customers are using Flux-powered boats for a variety of applications, from aquaculture workboats in Maine to rental fleets on lakes, and even twin-outboard superyacht tenders in the British Virgin Islands. To support these customers, Flux Marine’s in-house software team developed a comprehensive Fleet Telematics Platform providing real-time, cellular connection to every system in the field. This allows the team to continuously monitor system health, perform remote diagnostics, configure over-the-air (OTA) updates, and garner unique insights from trip data. Features are added in each new release, with AI-powered predictive maintenance and route optimization on the horizon. Part of what enables such sophisticated telematics is Flux Marine’s commitment to developing technology in-house.

Between deep technical expertise, growing production capacity, and a proven track record of delivering more high-voltage electric propulsion systems this past year in North America than any other company, Flux Marine is not just enabling electric propulsion, it is driving advancements in the maritime industry while fueling a broader transition to domestically manufactured technology.