Fleetzero: $43 Million Series A Raised To Scale Electric And Hybrid Propulsion Systems
By Amit Chowdhry ● Today at 10:58 AM
Fleetzero, a marine technology company developing hybrid and electric propulsion systems for commercial vessels, has raised a $43 million Series A round led by Obvious Ventures, with participation from Maersk Growth, 8090 Industries, and existing backers including Breakthrough Energy Ventures, Y Combinator, Benson Capital, Shorewind, and others. The company also announced the opening of a new manufacturing and research-and-development facility in Houston, Texas, intended to serve as its headquarters and production hub.