Singapore’s Pyxis Closes $10M Growth Funding for Maritime Electrification

• December 17, 2025

Singapore maritime electrification specialist Pyxis has raised $10 million in the initial close of its $13.9 million growth round. The funding will accelerate deployment of electric vessels across Asia as decarbonization regulations intensify.

Funding Details and Investors

The oversubscribed round attracted continued support from Shift4Good, global maritime tech leader Motion Ventures, and SG Growth Capital’s SEEDS, alongside new climate-tech investors. Pyxis secured additional green financing from OCBC Bank to expand vessel inventory and charging infrastructure. This follows 2024’s S$4.5 million seed round co-led by Motion Ventures and Shift4Good, bringing cumulative funding beyond $16 million.

Established in 2022 by industry expert Tommy Phun, Pyxis provides comprehensive electrification solutions for harbor vessels, reducing fuel consumption and operational costs through its proprietary Electra platform.

Market Expansion and Regulatory Drivers

New capital will accelerate vessel manufacturing, enhance the Electra system’s predictive maintenance capabilities, and expand marine charging networks. Pyxis holds 17 confirmed orders amid growing regional demand, fueled by Singapore’s mandate requiring all new harbor vessels to be electric or zero-emission ready by 2030, with full fleet decarbonization by 2050.

With over 70,000 coastal vessels operational in Asia’s electrification sweet spot, Pyxis focuses on retrofit-friendly technology that reduces ownership costs without heavy upfront investment.

Strategic Growth Initiatives

The funding validates Pyxis’ role in maritime sustainability, with partnerships including Mitsui O.S.K. Lines for electric vessel development in Singapore and Japan. CEO Phun emphasized this capital injection enables faster order fulfillment and accelerates decarbonization timelines.

As port electrification accelerates—from Singapore’s 1,600 harbor craft to ASEAN-wide adoption—Pyxis emerges as a scalable solution provider combining hardware, software, and financing in this $100+ billion market opportunity.