Singapore-based maritime electrification company Pyxis reports that it has secured SGD$10 million (approx. US$10 million) in the first close of its SGD$18 million growth funding round.
The funding round includes participation from climate-tech and maritime investors, including Shift4Good, Motion Ventures, MOL PLUS and SEEDS, the investment arm of SG Growth Capital. Pyxis has also secured green debt financing from OCBC to support vessel deployment and charging infrastructure development.
Powered by its Electra platform, Pyxis’ vessels support real-time monitoring, predictive maintenance and fleet-level optimisation, aimed at reducing operating costs and emissions for harbour and coastal operators.
The company reports that it has secured 17 orders for electric vessels across the region and has deployed two ultra-fast marine charging locations, with additional sites planned. A 300 kW charging installation is scheduled to enter service in the first quarter of 2026.
“Investor conviction in this round sends an unmistakable message: maritime electrification is accelerating, and Pyxis is leading that transition,” said Tommy Phun, Founder and CEO of Pyxis.
“The strength of this first close, anchored by strategic follow-on investments, validates the scalability of our technology and our ambition to build Asia’s leading coastal electrification ecosystem.”
Pyxis has also signed an agreement with MOL to explore the potential establishment of a joint venture, alongside ongoing regional expansion initiatives in Southeast Asia.
