BRISTOL, RI, Flux Marine, a developer of electric propulsion technology for recreational and commercial watercraft, announced a $15 million infusion of capital.
Flux Marine, 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 that was designed with a clean-sheet approach.
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