# Pharos Marine Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pharos-marine-co

- Industry: Power & Utilities
- Headquarters: Ulsan, South Korea
- Website: www.pharosmarine.kr
- Latest round: Seed (Jul 3, 2023)
- Investors on record: 2

## About

Founded in 2021 and based in Ulsan, South Korea, Pharos Marine Co., Ltd. operates as a manufacturer of hydrogen fuel cell-based marine mobility products such as outboard motors and other propulsion systems. In July 2023, Pharos Marine Co., Ltd. raised seed funding from The Ventures and Starridge. As of 2023, Seulgi Lee serves as the CEO of the company.

The company provides its flagship product, the hydrogen outboard, which incorporates Pharos Marine's distinctive design elements and utilizes rim-driven thruster. The rim-driven thruster is a propulsion system that generates propulsive force through a rim-shaped rotor located on the outer diameter. The firm’s product design offers several advantages, including energy transfer, reduced noise and vibration, and enhanced safety by eliminating the risk of objects getting entangled around a central axis. Customers can choose from a range of colour options, including white, mint, black, and navy, allowing them to personalize their marine vessels according to their preferences.

The organization plans to use the July 2023 funding to commercialize its hydrogen fuel cell outboard motors and ship propulsion systems.

## Funding rounds

- Seed, Jul 3, 2023 — The Ventures, Starridge

## Investors

- The Ventures (https://capitalatlas.ai/funds/the-ventures) — Seed
- Starridge — Seed