We are excited to announce that Photon Marine has successfully raised $7,000,000 in a funding round aimed at propelling our mission to revolutionize waterway transportation through cutting-edge electric propulsion technology. At Photon, we envision a sustainable future for our oceans and waterways, where our innovative electric outboard motor system not only reduces the total cost of ownership by nearly 50% compared to traditional internal combustion engines, but also requires significantly less maintenance—without compromising on performance. This groundbreaking system features a first-in-class electric motor with 300 HP and a 63 kWh battery, complemented by an integrated fleet management software platform that offers predictive maintenance, optimized operator profiles, and telemetry services. Our lease model, tailored to actual usage, targets critical sectors such as tourism and transportation fleets, including whale watching, scuba diving, boat rentals, charter fishing, and water taxis. This funding will allow us to advance the development of our products and engage with stakeholders across Oregon, where we are building a crucial blueprint that will soon be replicated in other target markets. We are committed to working with small businesses, utility companies, governmental organizations, and marinas to create a robust charging infrastructure that supports our vision for eco-friendly maritime transportation. By investing in Photon Marine, you are not only supporting an innovative business, but also contributing to a sustainable future for marine ecosystems and communities alike. Join us on this exciting journey toward transforming the way we think about and interact with our beautiful waterways.
Photon Marine Secures $7 Million in Funding to Revolutionize Electric Propulsion Technology for Waterways and Oceans
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