# ExploMar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/explomar

- Industry: Ship Building & Repair
- Headquarters: Suzhou, China
- Website: www.explomar.com.cn
- Total disclosed funding: $24M
- Latest round: Series A (Nov 7, 2025)
- Investors on record: 9

## About

Established in 2021 and based in Shanghai, China, ExploMar is an energy company that focuses on developing hydrogen boats. In November 2025, ExploMar raised USD 10 million in Series A funding from DCM, Changshu Guofa Venture Capital, Suzhou International Development Venture Capital Holding, and Delian Capital.

The company specializes in applying hydrogen energy to the marine field,  transforming the boat power system and energy drive. It has developed an electric speedboat with a top speed of 50 knots and a maximum range of 100 kilometers. Users can choose from the 300hp, 150hp, and 70hp WAVE series of high-performance modular powertrains developed by the company according to their needs.

The company generates revenue by providing electric speedboats and other related products.

## Funding rounds

- Series A, Nov 7, 2025, $10M — DCM, Suzhou International Development Venture Capital Holding, Delian Capital, Changshu Guofa Venture Capital, Sanqi Interactive Entertainment Venture Capital
- Series A, May 31, 2024, $14M — DCM, K2VC, Huiyi Capital, Jiangsu Jinqiao Private Equity Fund Management, Changshu Dakeyuan Entrepreneurship Investment
- Seed, Oct 20, 2021 — K2VC

## Investors

- K2VC (https://capitalatlas.ai/funds/k2vc) — Seed, Series A
- DCM (https://capitalatlas.ai/funds/dcm) — Series A
- Huiyi Capital (https://capitalatlas.ai/funds/huiyi-capital) — Series A
- Jiangsu Jinqiao Private Equity Fund Management (https://capitalatlas.ai/funds/jiangsu-jinqiao-private-equity-fund-management) — Series A
- Changshu Dakeyuan Entrepreneurship Investment — Series A
- Suzhou International Development Venture Capital Holding (https://capitalatlas.ai/funds/suzhou-international-development-venture-capital-holding) — Series A
- Delian Capital (https://capitalatlas.ai/funds/delian-capital) — Series A
- Changshu Guofa Venture Capital (https://capitalatlas.ai/funds/changshu-guofa-venture-capital) — Series A
- Sanqi Interactive Entertainment Venture Capital (https://capitalatlas.ai/funds/sanqi-interactive-entertainment-venture-capital) — Series A