ExploMar
ExploMar is a Shanghai-based, venture-backed manufacturer of high-power electric outboard propulsion systems (70–1200 HP), battery platforms, smart controls, and charging infrastructure, serving commercial ferry operators, marine fleets, and recreational boat buyers across more than 20 countries.
- Company typePrivate
- Founded2021
- HeadquartersSuzhou, China
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What ExploMar does
ExploMar, founded in 2021 and headquartered in Shanghai, China, designs and manufactures high-power electric outboard propulsion systems, battery platforms, smart controls, and charging infrastructure for the marine mobility market. Its core product line is the WAVE series of electric outboards spanning 70+, 150+, 300, 600 (twin 300), and 1200 HP configurations, built around what the company describes as the first marine use of axial-flux motor technology. The WAVE 300 is marketed as the lightest in its class. Complementing propulsion, ExploMar offers the SUPER/ISLAND Battery Platform with system-level capacity up to 1,080 kWh and dual thermal management, the Smart Captain System providing intelligent driving and 200+ diagnostics, and the 5S Energy Station range of 7kW portable, 40kW, and 120kW dual-gun chargers. Use cases extend up to roughly 200km of medium-to-long-range electric water transportation.
ExploMar firmographics
Firmographics- Name
- ExploMar
- Legal name
- Explomar
- Website
- https://www.explomar.com.cn
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ExploMar is a Shanghai-based, venture-backed manufacturer of high-power electric outboard propulsion systems (70–1200 HP), battery platforms, smart controls, and charging infrastructure, serving commercial ferry operators, marine fleets, and recreational boat buyers across more than 20 countries.
- Ownership category
- akta.pro rank
ExploMar industry classification
Industry- Product category
- Electric Marine Propulsion Systems
- NAICS
- Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Switchgear and Switchboard Apparatus Manufacturing (335313)
- SIC
- Motors & Generators (3621), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Marine Hybrid & Electric Propulsion Systems (IMAJAHAC)
- akta.pro secondary industries
- Marine Generators, Alternators & Power Electronics (Gen-sets, VFDs, converters) (IMAJAHAI), Electrical Engineering & Power Distribution (Generation, Switchboards, Cabling, Lighting) (IMAJAGAF)
Keywords
Where ExploMar is headquartered
LocationHeadquarters
- HQ city
- Suzhou
- HQ country
- China
- HQ region
- Asia
Offices1 record
Markets served
ExploMar business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Operations, Marketing or Sales, Personnel
Revenue model
- Electric Outboard Systems Sales: Sale of high-power electric outboard motors (70HP to 1200HP) and associated propulsion systems to commercial and recreational boat operators.
- Battery Platform Sales: Sale of SUPER/ISLAND battery platforms with capacities up to 1,080 kWh for electric water transportation applications.
- Charging Infrastructure: Sale and installation of 5S Energy Stations including 7kW portable chargers, 40kW charging stations, and 120kW dual-gun charging stations.
- Fleet Propulsion Systems: Bulk sale of electric propulsion systems for fleet operations, such as the deal to supply 20 electric propulsion systems for Lagos ferry operations.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
ExploMar product offering
Product offeringCore offering
ExploMar designs, manufactures, and sells high-power electric outboard propulsion systems (WAVE series from 70HP to 1200HP) for commercial and recreational marine vessels. Its offering is a complete electric water mobility ecosystem that pairs outboards with high-density battery platforms (up to 1,080 kWh, ~200 km range), an integrated Smart Captain control system with diagnostics, and modular 5S charging stations.
Product overview
ExploMar offers a comprehensive electric marine propulsion ecosystem centered on the WAVE series of high-performance electric outboard systems available in multiple power ratings (70+, 150+, 300, 600, and 1200 HP), complemented by the SUPER/ISLAND Battery Platform for extended range capabilities up to 1,080 kWh. The Smart Captain System provides integrated intelligent control with diagnostic capabilities, while the 5S Energy Station delivers flexible charging infrastructure ranging from portable 7kW units to 120kW dual-gun charging stations. This modular architecture allows customers to select appropriate propulsion power, battery capacity, and charging solutions based on their specific vessel requirements.
Differentiator
Problem solved
Functional benefit
Products and services
- WAVE 70+ Electric Outboard Electric outboard propulsion system delivering 70+ horsepower for small to medium watercraft, marketed for its lightweight design and high energy transmission efficiency. Targeted at small commercial and recreational vessels.
- WAVE 150+ Electric Outboard Electric outboard propulsion system delivering 150+ horsepower for medium-sized vessels and higher-performance marine applications.
- WAVE 300 Electric Outboard Electric outboard propulsion system delivering 300 horsepower; marketed as the lightest 300 HP electric outboard in its class and featuring the first marine use of axial-flux motor technology.
- WAVE 600 Electric Outboard (Twin 300HP Configuration) Twin 300HP electric propulsion system configuration delivering 600 HP combined output for larger vessels and commercial applications.
- WAVE 1200 Electric Outboard High-power electric outboard system delivering 1200 horsepower for large commercial and industrial marine vessels.
- SUPER/ISLAND Battery Platform High-density battery platform for medium-to-long-range electric water transportation with system-level capacity expansion up to 1,080 kWh, dual thermal management, and flexible installation to address range anxiety in electric boats.
- 5S Energy Station Comprehensive charging infrastructure solution for electric watercraft, offered in 7kW DC portable, 40kW efficient charging station, and 120kW Dual-Gun Charging Station configurations.
Quantifiable outcome
- 200km range capability with SUPER/ISLAND Battery Platform
- +2 more outcomes
Companies that use ExploMar
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
ExploMar technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
ExploMar partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Caverton Offshore Support GroupcoreStrategic partnership to supply 20 electric propulsion systems (Omibus EV 2.0 ferry platform with twin 300hp systems delivering 600hp combined output) and a 5S energy station for electric ferry operations in Lagos, Nigeria. A prototype is already operating in Lagos as part of an ongoing pilot programme. Partnership marks the start of longer-term collaboration with Caverton planning to increase ferry production and additional vessels under discussion with the state government.
Scale indicators6 records
Recent moves5 records
Expansion highlights6 records
ExploMar competitors and assessment
Company assessmentBroad incumbents
- Caterpillar Marine: Global incumbent in marine propulsion and power, with expanding hybrid/electric offerings for commercial vessels. Comparable as a competitor for large commercial marine operators evaluating diesel-to-electric transitions, where ExploMar's WAVE 1200 plays.
- Volvo Penta: Global marine propulsion incumbent (Volvo Group) with hybrid and electric commercial marine programs. Represents the OEM-scale threat that may absorb fleet customers if they standardize on an integrated driveline rather than aftermarket outboards.
- Torqeedo (DEUTZ AG): Germany-based pioneer and category leader in electric marine propulsion, now owned by DEUTZ AG. Competes across recreational and commercial outboard and inboard segments; broader portfolio, deeper distribution, and stronger brand give it incumbent advantages versus ExploMar.
Emerging players
- ZeroJet: New Zealand-based electric jet propulsion specialist for small tenders and recreational boats. Partial overlap with ExploMar in marine electrification ecosystem and lightweight propulsion philosophy, though focused on jet (not outboard) drives.
- Flux Marine: US-based startup developing high-performance electric outboards for recreational and commercial boats. Comparable in technology positioning (high-power-density electric outboards) and targeting similar early commercial customers.
Direct peers
- Pure Watercraft: US-based electric outboard and boat drive system maker targeting recreational fishing and small commercial markets. Direct competitor in lower-to-mid HP outboards and integrated battery/propulsion architecture.
- Elco Motor Yachts: Long-established US manufacturer of electric inboard and outboard propulsion for recreational and light commercial boats. Older player but more limited product depth and HP range than ExploMar's WAVE line.
- Evoy: Norway-based developer of high-power electric outboard and inboard systems (up to 400+ HP), focused on commercial and premium recreational segments. Directly comparable to ExploMar's WAVE 300/600 HP and European ferry/leisure customer overlap.
- Vision Marine Technologies: Canada-based developer of high-power electric outboard powertrains (E-Motion 180 HP), publicly listed. Competes in the same high-HP outboard category as ExploMar's WAVE series for recreational and commercial boats.
- ePropulsion: China-based direct competitor offering electric outboards across recreational and light-commercial HP bands (Spirit, Navy, X series), plus batteries and charging. Closest comparable by geography, product structure, and customer segment overlap with ExploMar's WAVE series.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
ExploMar social profiles
Digital presenceExploMar financial estimates
Financial estimateRevenue estimate
Valuation estimate
ExploMar leadership team
Management profileNumber of profiles
Profiles1 record
ExploMar funding detail
Funding detailFunding overview
Funding rounds4 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ExploMar 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 ExploMar
What does ExploMar do?
ExploMar designs, manufactures, and sells high-power electric outboard propulsion systems (WAVE series from 70HP to 1200HP) for commercial and recreational marine vessels. Its offering is a complete electric water mobility ecosystem that pairs outboards with high-density battery platforms (up to 1,080 kWh, ~200 km range), an integrated Smart Captain control system with diagnostics, and modular 5S charging stations.
Is ExploMar a public or private company?
ExploMar is a private company. It is classified as venture growth investor backed and is currently operating.
When was ExploMar founded?
ExploMar was founded in 2021. It employs 11 to 50 people.
Where is ExploMar based?
ExploMar is headquartered in Suzhou, China, in the Asia region.
How does ExploMar make money?
Four revenue lines are on record. Electric Outboard Systems Sales are the primary driver. The others are battery Platform Sales, charging Infrastructure and fleet Propulsion Systems.
Who are ExploMar's main competitors?
Broad incumbents on record are Caterpillar Marine, Volvo Penta and Torqeedo (DEUTZ AG). Emerging players are ZeroJet and Flux Marine. Direct peers are Pure Watercraft, Elco Motor Yachts, Evoy, Vision Marine Technologies and ePropulsion.
Does ExploMar have an API?
No public API is recorded for ExploMar.
What industry is ExploMar in?
ExploMar's product category is Electric Marine Propulsion Systems. Its primary akta.pro industry code is IMAJAHAC, Marine Hybrid & Electric Propulsion Systems, with a secondary code of IMAJAHAI, Marine Generators, Alternators & Power Electronics (Gen-sets, VFDs, converters). Its NAICS code is 334511 and its SIC code is 3621.