Photon Marine
Photon Marine is a Portland-based company that designs and manufactures the P300 electric outboard motor (300HP peak) and integrated workboat configurations for commercial fleet operators across ports, tourism, construction, aquaculture, research, and marine enforcement verticals, selling through direct enterprise sales and a network of boat builder partners.
- Company typePrivate
- Founded2021
- HeadquartersPortland, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Photon Marine does
Photon Marine is a Portland, Oregon-based company founded in 2021 that designs and manufactures electric propulsion systems for commercial marine vessels. Its core product is the P300 electric outboard motor, delivering 300HP peak power and 150HP continuous output with 500Nm of torque, paired with a 63kWh battery pack supporting Level 3 fast charging in 45 minutes. The hardware is complemented by the pvOS iOS companion app for remote motor monitoring and a data-driven fleet management software platform with over-the-air updates, positioning the company around a connected-vessel strategy rather than standalone hardware sales.
The company targets six commercial verticals — ports and utilities, tourism, construction, aquaculture, research and survey, and marine enforcement — and goes to market through direct enterprise sales and a channel network of approximately ten boat builder partners, with Silverback Marine as the anchor relationship producing eight approved electric workboat configurations. The P300 became the first electric outboard motor approved for California's CARB Clean Off-Road Equipment (CORE) Voucher Program, enabling customers to access up to $400,000 in combined incentives per vessel and reducing effective workboat pricing to as low as $77,000.
Revenue is generated primarily through hardware sales of the P300 motor and integrated workboat configurations, with leasing arrangements emerging as a secondary stream — notably a two-year evaluation lease with the New York Power Authority for Erie Canal deployment. The company is in early commercial production from Portland in 2025, with approximately 20 units committed under lease and evaluation agreements and visible government/utility anchor customers including NYPA and the Port of Friday Harbor. Backed by a syndicate of climate- and marine-focused investors, Photon Marine's near-term growth depends on the speed of CARB-funded California adoption and conversion of evaluation leases into multi-unit fleet orders.
Photon Marine firmographics
Firmographics- Name
- Photon Marine
- Legal name
- Photon Marine, Inc.
- Website
- https://photonmarine.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Photon Marine is a Portland-based company that designs and manufactures the P300 electric outboard motor (300HP peak) and integrated workboat configurations for commercial fleet operators across ports, tourism, construction, aquaculture, research, and marine enforcement verticals, selling through direct enterprise sales and a network of boat builder partners.
- Ownership category
- akta.pro rank
Photon Marine industry classification
Industry- Product category
- Electric Marine Propulsion
- NAICS
- Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Ship and Boat Building (33661)
- SIC
- Engines & Turbines (3510), Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Marine Hybrid & Electric Propulsion Systems (IMAJAHAC)
- akta.pro secondary industries
- Propulsion Integration, Commissioning & Testing (Factory/sea trials, alignment) (IMAJAHAM), Propulsion Control, Monitoring & Automation (ECS, PMS interface) (IMAJAHAH)
Keywords
Where Photon Marine is headquartered
LocationHeadquarters
- HQ city
- Portland
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Photon Marine business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Electric Outboard Motor Sales: Sale of P300 electric outboard motors to commercial vessel operators and boat builders. Motors are available as standalone systems or integrated into complete workboat configurations with hulls from partner manufacturers.
- Electric Workboat Systems: Complete electric workboat solutions combining Photon P300 motors with partner boat builder hulls (e.g., Silverback Marine aluminum workboats). Configurations starting as low as $77,000 after CARB incentives.
- Vessel Leasing Programs: Lease arrangements for electric workboats under evaluation programs, including a two-year lease agreement with New York Power Authority for testing on the Erie Canal.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | P300 Electric Outboard Motor with Silverback Marine Hull |
| Other | One-time | CARB CORE Voucher Incentive Program |
| Other | Multi-year contract | Enterprise/Lease Pricing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Photon Marine product offering
Product offeringCore offering
Photon Marine designs, manufactures, and sells the P300 electric outboard motor and related powertrain components for commercial marine fleets. The company combines the P300 with partner boat builder hulls (notably Silverback Marine) to deliver turnkey electric workboat configurations, and layers on fleet management software with over-the-air updates and the pvOS mobile companion app for remote monitoring and operational intelligence.
Product overview
Photon Marine offers a unified electric propulsion platform centered on the P300 Electric Outboard Motor, paired with fleet management software and a companion mobile app. The company partners with Silverback Marine to deliver turnkey electric workboat configurations featuring the P300 motor and aluminum hulls. The P300 motor serves as the core propulsion system, while the companion app enables remote motor monitoring, and the fleet management software provides operational intelligence with OTA updates. Together, these products form an integrated electric marine fleet solution for commercial operators across ports, tourism, construction, aquaculture, research, and marine enforcement sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- P300 Electric Outboard Motor Flagship 300HP peak (150HP continuous) electric outboard motor delivering up to 500Nm torque, with 63kWh battery packs, Level 3 fast charging in 45 minutes, silent zero-emission operation, and 375 lbs motor weight per unit. Designed for commercial workboat fleet operators across ports, tourism, construction, aquaculture, research, and marine enforcement.
- Electric Workboat Configurations (P300 + Silverback Marine hulls) Eight CARB CORE-approved turnkey electric workboat configurations combining the P300 electric outboard motor with Silverback Marine aluminum hulls, available to California commercial fleet operators at pricing as low as $77,000 after incentives.
- Multi-Year Vessel Leases / Evaluation Programs Multi-year lease and evaluation programs for P300-powered workboats, enabling commercial and government operators to validate electric propulsion performance under real operating conditions before fleet-wide purchase commitments.
Quantifiable outcome
- 200-mile endurance run completed with approximately 30% charge remaining on Erie Canal evaluation
- +2 more outcomes
Companies that use Photon Marine
Customer profileNamed customers2 records
Segments8 records
Ideal customer profiles3 records
Photon Marine technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Photon Marine partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and major.
- Silverback MarinecoreStrategic partnership to develop and launch electric workboat configurations featuring Photon P300 electric outboard motors paired with Silverback aluminum hulls. Eight configurations approved for CARB CORE Voucher Program, marking first inclusion of electric outboard motor in the initiative. Pricing as low as $77,000 after incentives.
- Port of Friday HarbormajorPhoton Marine is a key partner in Port of Friday Harbor's $7 million electrification grant from Washington State Department of Transportation. Provides electric propulsion technology for vessels that will reduce emissions and water pollution. Includes workforce development and community engagement programs.
- New York Power AuthoritymajorMulti-year evaluation partnership for electric workboat technology on the Erie Canal. Used 21-foot Silverback Marine hull powered by Photon Marine electric outboards. Completed 200-mile endurance run from Buffalo to Syracuse. NYPA advancing program with lease of additional electric workboat for 2026 season.
- California Air Resources Board (CARB)coreCARB oversees the Commercial Harbor Craft incentive program and Clean Off-Road Equipment (CORE) Voucher Program under which Photon Marine's P300 became the first electric outboard motor approved. Program offers up to $1 million for newbuild zero-emission vessels and up to $400,000 per operator in combined incentives.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Photon Marine competitors and assessment
Company assessmentDirect peers
- Torqeedo: German-founded, now DEUTZ-owned, leading manufacturer of electric boat propulsion (outboards and inboards) with established commercial and recreational lines. Closest direct competitor to Photon Marine in electric outboard powertrains for marine fleets.
- Pure Watercraft: US-based electric outboard and boat propulsion company targeting recreational and light commercial markets. Competes head-to-head with Photon Marine on zero-emission outboard systems and a software/connected-boat strategy.
- Flux Marine: US startup developing high-horsepower electric outboard motors for commercial and government marine applications. Closely comparable to Photon Marine on power class, target customer (commercial fleets), and go-to-market focus.
- Evoy: Norwegian developer of high-output electric propulsion systems for commercial and leisure boats, with comparable power levels and software integration. A direct electric outboard/inboard peer with overlapping commercial fleet use cases.
Emerging players
- Vision Marine Technologies: Canadian electric boat and powertrain company that has commercialized high-horsepower electric outboard systems. Comparable in power class and marine electrification focus, though with a stronger recreational tilt.
- X Shore: Swedish electric boat manufacturer focused on recreational craft, but with in-house electric drivetrain expertise and software that parallels Photon Marine's connected-vessel ambitions.
Broad incumbents
- Mercury Marine: Dominant US marine propulsion incumbent (part of Brunswick Corporation) now offering the Avator line of electric outboards. Broad incumbent with vastly greater scale, dealer network, and balance sheet entering the same category.
- Yamaha Marine: Global marine propulsion incumbent actively developing electric outboard prototypes and concepts. Competes in the same commercial and recreational outboard market and could rapidly expand its electric offering.
- Volvo Penta: Major marine propulsion OEM (Volvo Group) with growing investment in hybrid and electric marine drivelines. Broad incumbent entering the same commercial marine electrification space Photon Marine targets.
Others
- Silverback Marine: Aluminum workboat builder and Photon Marine's lead hull partner, integrating P300 motors into CARB-funded configurations. Not a propulsion competitor but a critical channel and integration counterpart for Photon Marine's commercial offering.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Photon Marine social profiles
Digital presencePhoton Marine financial estimates
Financial estimateRevenue estimate
Valuation estimate
Photon Marine leadership team
Management profileNumber of profiles
Profiles10 records
Photon Marine funding detail
Funding detailFunding overview
Funding rounds7 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Photon Marine M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Photon Marine
What does Photon Marine do?
Photon Marine designs, manufactures, and sells the P300 electric outboard motor and related powertrain components for commercial marine fleets. The company combines the P300 with partner boat builder hulls (notably Silverback Marine) to deliver turnkey electric workboat configurations, and layers on fleet management software with over-the-air updates and the pvOS mobile companion app for remote monitoring and operational intelligence.
Is Photon Marine a public or private company?
Photon Marine is a private company. It is classified as venture growth investor backed and is currently operating.
When was Photon Marine founded?
Photon Marine was founded in 2021. It employs 11 to 50 people.
Where is Photon Marine based?
Photon Marine is headquartered in Portland, United States, in the North America region.
How does Photon Marine make money?
Three revenue lines are on record. Electric Outboard Motor Sales are the primary driver. The others are electric Workboat Systems and vessel Leasing Programs.
Who are Photon Marine's main competitors?
Direct peers on record are Torqeedo, Pure Watercraft, Flux Marine and Evoy. Emerging players are Vision Marine Technologies and X Shore. Broad incumbents are Mercury Marine, Yamaha Marine and Volvo Penta. Silverback Marine is listed as an others.
Does Photon Marine have an API?
No public API is recorded for Photon Marine.
What industry is Photon Marine in?
Photon Marine's product category is Electric Marine Propulsion. Its primary akta.pro industry code is IMAJAHAC, Marine Hybrid & Electric Propulsion Systems, with a secondary code of IMAJAHAM, Propulsion Integration, Commissioning & Testing (Factory/sea trials, alignment). Its NAICS code is 334511 and its SIC code is 3510.