ExploMar raises nearly CNY100m Series A for electric marine propulsion
The company will expand overseas distribution, demonstration sites and service capacity for its electric boat systems.
ExploMar completed a Series A of nearly CNY100 million, according to a September 16, 2026 report by 36Kr. Delian Capital, Changshu Guofa and Suzhou Innovation Investment Group co-led the round, with participation from 37 Interactive Entertainment and returning investor DCM Ventures.
The financing will strengthen international sales channels and fund overseas demonstration, service and spare-parts centers. ExploMar develops integrated electric outboard motors, batteries and control systems for leisure and commercial boats.
Founded in 2021, the company has delivered products to more than 20 countries. Its expansion focuses on supporting boatbuilders and operators as high-power electric propulsion moves into a wider range of marine applications.
Use of funds
Expand global distribution, overseas demonstration centers and service and spare-parts network