Due to its connections to more than 600 ports worldwide, Singapore’s maritime sector is essential to the city-state. Eighty percent of the cargo transported globally is transported through the nation’s busiest transshipment port.
However, because the maritime sector still relies heavily on fossil fuels, this workload also contributes to an increase in carbon dioxide emissions worldwide. Pyxis, a local startup focused on marine electrification, is one company trying to address this problem.
In a seed funding round led by Motion Ventures and Shift4Good, the company has raised S$4.5 million (US $3.4 million). Seeds Capital, MarImpact, ShipsFocus, Tian San Shipping, Kim Ann Investments, and LCC Resources are among the other participants in the fundraising effort.
Tommy Phun founded Pyxis in 2022 with the goal of leading the way in the usage and commercialization of electric coastal vessels. It plans to increase the production of its electric harbour crafts and quicken the development of its electrification technology with the additional funding.
Recently, the business formed a partnership with Mitsui O.S.K Lines to manufacture and market electric ships in Japan and Singapore. The Maritime and Port Authority of Singapore selected it for a vessel charging pilot at Marina South Pier as well.
