Series A · Mobility
ExploMar raises more than $10 million for electric marine propulsion
DCM Ventures backed the financing as ExploMar expanded distribution and service capacity.
ExploMar announced more than $10 million in new financing on 24 November 2025. Private equity investors and a listed Chinese company led the round, with existing shareholder DCM Ventures participating. The company subsequently identified the financing as Series A.
The funding will expand its global distributor and service network, strengthen the supply chain and refine its products. ExploMar develops electric outboard motors and integrated battery systems for commercial and leisure boats.
Use of funds
Global distribution and service network expansion
Supply chain development
Product refinement
Funding history
Series A · This round>$10M