Media OutReach
Pyxis Secures S$13 Million in First Close of Growth Funding Round, Signalling Strong Market Momentum for Maritime Electrification in Asia
- Pyxis secured S$13 million in the first close of its S$18 million growth funding round, reflecting strong investor confidence in its vessel technology, commercial traction, and regional growth strategy.
- Backed by climate-tech and venture funds, including Shift4Good and MotionVentures, family offices, MOL PLUS, the corporate venture capital arm of Mitsui O.S.K. Lines, and SEEDS, the investment arm of SG Growth Capital.
- Green financing from OCBC will enable Pyxis to scale its vessel deployment.
- Growth funding capital will expand Electra™’s capabilities as well as accelerate vessel manufacturing and the rollout of ultra-fast marine charging infrastructure across Asia.
- Pyxis signed a Heads of Agreement (HoA) with MOL (Asia Oceania) to explore the potential of establishing a joint venture company.
SINGAPORE – Media OutReach Newswire – 22 December 2025 – Pyxis, a leading Singapore-based maritime electrification startup, has secured S$13 million in the first close of its S$18 million growth funding round. The early close underscores rising investor conviction in Pyxis’ technology and commercial progress, reinforced by continued support from Singapore government agencies such as the Maritime and Port Authority of Singapore (MPA) and SEEDS, which operates under SG Growth Capital, the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore.
Pyxis’ fund raise comes at a time marked by an increased demand for electric vessels across Asia. The region operates more than 70,000 coastal and in-port vessels, while Singapore alone expects some 1,600 harbour crafts to transition to electric or low-carbon alternatives as part of the broader national goals.
Pyxis’ electric vessels and energy systems address this need directly – reducing the total cost of ownership (TCO) by lowering both fuel and maintenance expenses, while significantly improving energy efficiency and cutting emissions.
Powered by Electra™, the company’s proprietary energy and vessel management platform, Pyxis enables real-time monitoring, predictive maintenance, and fleet-level optimisation, improved reliability, and reduced downtime.
To date, the company has secured 17 orders for electric vessels across multiple customers in the region, including Singapore. Concurrently, Pyxis is developing a network of ultra-fast marine charging sites, with two charging locations deployed and additional sites planned in partnership with local stakeholders. An upcoming 300KW charger location will also be launched in Q1 2026. With these deployments, Pyxis is entering its strongest growth chapter since inception.
Strengthened by Equity, Green Financing and Regulatory Support
The financing round is backed by a strong coalition of climate-tech, venture capital, and maritime strategic investors, with follow-on commitments from Shift4Good, Motion Ventures, the world’s largest maritime tech fund, and SG Growth Capital, underscoring the sustained confidence of Pyxis’ long-term partners. It also includes participation from strategic backers including Mitsui O.S.K. Lines, one of the world’s largest shipping companies, through its corporate venture capital arm, MOL PLUS.
The raise was catalysed by the Maritime and Port Authority of Singapore (MPA)’s Expression of Interest (EOI) for electric vessel financing, which was part of Singapore’s broader maritime decarbonisation and innovation efforts to build an electric harbour craft ecosystem that supports early adopters of new electric solutions.
In addition to equity financing, Pyxis has secured green debt financing from OCBC, strengthening its capacity to scale vessel deployment and infrastructure development. This financing, to be channelled toward vessel capital expenditure, will provide capital flexibility essential for accelerating commercial rollout.
“Investor conviction in this round sends an unmistakable message: maritime electrification is accelerating, and Pyxis is leading that transition,” said Tommy Phun, Founder and CEO of Pyxis. “The strength of this first close, anchored by strategic follow-on investments, validates the scalability of our technology and our ambition to build Asia’s leading coastal electrification ecosystem.”
“Two years ago, Pyxis was a bold vision with a great team behind it. Today, that vision is moving fast across the water: 17 vessels secured, charging infrastructure rolling out, Electra™ evolving into a true operating system for electric fleets, and international expansion underway,” said Sebastien Guillard, Co-founder and Managing Partner of Shift4Good. Few companies execute with this clarity and pace. We’re proud to back Pyxis again and support their rise as the leader of Asia’s coastal electrification wave.”
“SEEDS is proud to continue backing Pyxis, a fast-growing company with a capable team and strong strategic partnerships, together with our co-investment partner Shift4Good. We look forward to seeing Pyxis advance its solutions and contribute to the maritime electrification landscape in the region,” said Tan Kaixin, General Manager of SEEDS.
Funding to Fast-Track 2026 Regional Expansion
The round’s proceeds will power Pyxis’ next phase of growth, including:
- Scaling Vessel Production: Increasing manufacturing capacity for the Pyxis One, Pyxis R and Pyxis L series to meet rising demand from Singapore, Japan and emerging ASEAN markets.
- Advancing the ElectraTM Smart Ecosystem: Deploying advanced IoT systems, predictive maintenance tools and vehicle-to-grid capabilities to enhance operational efficiency and energy resilience for operators.
- Expanding Ultra-Fast Marine Charging Infrastructure: Accelerating development of next-generation, high-capacity charging stations to support large-scale electric vessel operations across the region.
Milestones Laying the Foundation for a Successful Raise
Earlier this year, the company launched Pyxis R, its next-generation solar-electric passenger ferry in Singapore as a real-world showcase of how clean vessels can transform urban coastal mobility and tourism experiences.
In November 2025, Pyxis signed a Heads of Agreement (HoA) with MOL (Asia Oceania) as an extension of the collaboration established under their 2023 Memorandum of Understanding (MoU). The HoA outlines the mutual understanding to jointly explore the feasibility of a joint venture company.
Pyxis is also expanding regionally through a strategic partnership with Utomodeck Group in Indonesia, supporting infrastructure build-out and electrification efforts across the world’s largest archipelago.
Looking ahead, Pyxis will debut Pyxis L, its luxury-focused electric vessel variant, in early 2026. Designed for premium hospitality, private charters and elevated passenger experiences, Pyxis L will open high-value market segments across Asia.
Together, these achievements, alongside the strong investor support, position Pyxis as a key catalyst in Asia’s transition toward cleaner, smarter, all-electric coastal transport.
Hashtag: #pyxis#maritime #sustainability #technology #funding
The issuer is solely responsible for the content of this announcement.
About Pyxis
Pyxis is a maritime electrification technology start-up with a mission to create a sustainable, greener maritime future. By easing mass commercialisation and adoption of electric coastal vessels, Pyxis accelerates maritime decarbonisation while elevating vessel performance and management. Led by maritime veterans and supported by leading coastal vessel owners and government agencies, Pyxis is positioned to drive transformation in key port segments of Singapore and sister-ports in the region.
Media OutReach
CUKTECH Officially Launches Its Online Store in Indonesia, Expanding Charging Technology Presence in Southeast Asia
CUKTECH focuses on the development of power and charging solutions, with a product portfolio that includes power banks, charging cables, wall chargers, and car chargers. Product development emphasizes charging efficiency, safety standards, and long-term reliability, addressing everyday usage scenarios involving smartphones, tablets, laptops, and other connected devices. The brand’s solutions are designed to support increasingly common multi-device lifestyles, including mobile work and frequent travel.
Prior to the launch of the official online store, CUKTECH operated in Indonesia mainly through third-party distribution channels, resulting in limited product availability. With the establishment of an official channel, the company is gradually introducing a more complete product lineup to the Indonesian market, aligning local availability with that of other Southeast Asian markets such as Vietnam, Malaysia, and the Philippines.
According to the company, the official online store serves as a centralized platform for presenting product specifications, technical features, and launch updates in a consistent manner. This approach is intended to improve transparency and accessibility for consumers while supporting a more structured, long-term market strategy in Indonesia.
Looking ahead, CUKTECH plans to continue expanding its product portfolio in Indonesia, introducing additional products to address evolving local usage needs. Future launches will focus on scenarios such as multi-device charging, mobile productivity, and daily commuting, reflecting changing consumer behavior.
This market-oriented approach aligns with CUKTECH’s brand philosophy, “In somewhere, For somewhere,” which emphasizes adapting products and solutions to the specific needs of each market rather than applying a uniform global model.
Updates on product launches, brand developments, and the official online store can be found through CUKTECH’s official social media channels on Instagram and TikTok:cuktech_id
https://www.tokopedia.com/cuktech-official-store
https://shopee.co.id/shop/1748675224
Hashtag: #CUKTECH
The issuer is solely responsible for the content of this announcement.
Under the partnership structure, Green SM provides the technology platform, all-electric vehicle fleet, operational standards, and driver development system, while Taksi Komotra contributes its established local expertise and network across Bali. The collaboration integrates electric mobility technology with on-the-ground operational capabilities to deliver a scalable, governance-driven transportation model.
Operations in Bali are implemented under Green SM’s “5 Green Promises” service commitment framework. Established as a foundational operating standard since the company’s inception, the framework ensures that each ride delivers an excellent customer experience, professional drivers, high-quality and safe vehicles, fair and transparent pricing, and a meaningful contribution to environmental sustainability.
The service operates an all-electric fleet that produces no exhaust emissions or fuel combustion. All vehicles are maintained under strict technical and safety protocols to ensure consistent service performance while contributing to cleaner air and quieter urban environments.
A central pillar of the launch is the Green SM Driver ecosystem. Drivers are positioned as professional green mobility ambassadors guided by five core values: Respect, Professionalism, Dedication, Discipline, and Competitive Income with Stable Career Pathways. Structured training, transparent earnings mechanisms, and disciplined service governance aim to elevate driving into a respected profession while maintaining safety and reliability as foundational standards. This framework aligns income stability with environmental responsibility, reinforcing the role of drivers in supporting Bali’s sustainable tourism trajectory.
The launch comes amid rising mobility demand driven by tourism growth and daily transportation needs across the island. The Indonesia Tourism Outlook 2025 report notes a sustained shift toward environmentally responsible travel, underscoring the relevance of electric mobility in long-term development planning. According to projections from Indonesia’s National Development Planning Agency (Bappenas), green employment nationwide is expected to reach 4.8-5.3 million by 2029, reflecting the broader economic potential of sustainable industries.
Mr. Deny Tjia, Managing Director of Green SM Indonesia, said: “The partnership with Taksi Komotra reflects our long-term commitment to building a high-quality, well-governed mobility ecosystem in Indonesia. By combining electric vehicles with professional driver development and clear operational standards, we aim to support Bali’s sustainable tourism ambitions while delivering safe, reliable, and comfortable rides for the community.”
H. Hasbi, Chairman of Koperasi Komotra, said: “We are proud to partner with Green SM to introduce electric taxis in Bali. Electric mobility will become part of the new standard for tourism and daily transportation on the island, and this collaboration helps us better serve local residents and visitors while preparing for the future of sustainable transport.”
The Bali launch marks another strategic milestone in Green SM’s expansion in Indonesia, following earlier operations in key markets including Jakarta, Makassar, Bekasi, and Surabaya. In these cities, the service has been positively received by local residents and international visitors alike, who value its clean electric fleet, professional drivers, and structured safety standards that enhance travel confidence.
With its growing presence across the country, Green SM continues to build a scalable electric mobility ecosystem that balances environmental responsibility, service excellence, and inclusive economic growth.
Hashtag: #GreenSM
The issuer is solely responsible for the content of this announcement.
About GSM and Green SM
GSM (Green Smart Mobility) is the world’s first company to operate a fully electric ride-hailing service across multiple platforms. As a pioneer in sustainable transportation, GSM has laid the foundation for a cleaner, smarter, and more responsible mobility model powered entirely by VinFast electric vehicles. Founded by Vingroup Chairman Pham Nhat Vuong, GSM is committed to building a future-ready mobility ecosystem while promoting more environmentally conscious lifestyles in markets that are rapidly embracing sustainability.
Green SM is GSM’s official global brand, representing the company’s vision and values in every market it serves. In Southeast Asia, the brand operates as Green SM in Indonesia, Xanh SM in Vietnam and Laos, and Green GSM in the Philippines. Across all markets, the service consistently delivers a modern travel experience through VinFast electric vehicles, professional drivers, and a service culture that prioritizes safety and passenger comfort.
Green SM symbolizes progress toward a future where technology, people, and the environment move forward in harmony. Beyond providing zero-emission transportation, the brand is also committed to fostering environmentally aware communities in every market where it operates.
About Taxi Komotra
Taksi Komotra Bali is part of the Koperasi Mobil Transport Bali, which was established in 1993 under its original name, KOMITRA Bali. In 1996, the cooperative officially changed its name to KOMOTRA Bali and has continued to grow as one of Bali’s local transportation operators.
Today, Taksi Komotra Bali manages two core transportation services: rural bus services and taxi operations. For more than three decades, Komotra Bali has remained committed to providing safe and reliable transportation while supporting local mobility and the tourism sector across the Island of the Gods.
Launched on February 14, the “Chinese Folk Music Odyssey” featured seven major concerts alongside a series of academic and grassroots cultural exchanges. The tour served as a high-level dialogue between the traditional heritage of China’s Jiangnan region and the classical musical heartlands of Europe.
The tour opened at the Centre for Fine Arts in Brussels, where a capacity crowd of 2,000 experienced the vibrant Spring Festival Overture. The ensemble presented a “Chinese Music Feast,” using traditional instruments to paint an auditory “Jiangnan Scroll” of southern Chinese life. In a poignant finale, Chinese fiddles joined forces with local keyed violins to perform the classic Horse Racing. The fusion of Eastern and Western strings brought tears to the eyes of the Chinese diaspora and earned standing ovations from local attendees.
“The melodies possess both natural charm and profound cultural heritage,” noted Belgian music critic Philippe, following six curtain calls. “It is a truly borderless musical exchange.”
Beyond the concert halls, the group engaged with European pop culture in the heart of Brussels’ Comic Strip district. A “flash mob” titled Tintin’s Encounter with Jiangnan Music saw musicians performing alongside iconic murals of Tintin, engaging local youth and residents through social media-friendly cultural interaction.
The journey continued through Germany’s elite venues, including Hamburg’s Elbphilharmonie and the Tonhalle Düsseldorf, showcasing the technical precision of Chinese folk orchestration. In the Austrian Tyrol, the tour took an improvisational turn as Wuxi musicians performed alongside local artists against the backdrop of the Alps, a live demonstration of the “beauty without borders”.
The tour concluded on February 26 in Vienna, where the ensemble hosted the “Dreamy Jiangnan” cultural salon at the Wiener Konzerthaus. The event paired musical performances with an interactive exhibition of Wuxi’s intangible cultural heritage, featuring traditional embroidery and clay figurines. The delegation also visited the University of Music and Performing Arts Vienna for the “Jiangnan Charm, Harmonious Resonance” China-Austria Music Exchange event. Through a series of academic dialogues with faculty and students, both sides engaged in a meaningful cultural encounter. These interactions went beyond simple performances, significantly deepening mutual understanding and strengthening the musical ties between East and West.
By integrating the “Voice of China” into the “World Symphony,” the Wuxi Cultural Exchange Group has opened a new chapter in Wuxi’s enduring musical engagement with the world.
Hashtag: #WuxiInformationOffice
The issuer is solely responsible for the content of this announcement.
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