Tech Company Financing Transactions
Flux Marine Funding Round
Flux Marine, based in Bristol, secured $15.5 million in funding from Ocean Zero.
Transaction Overview
Company Name
Announced On
3/30/2022
Transaction Type
Venture Equity
Amount
$15,500,000
Round
Series A
Investors
Ocean Zero (Lead Investor)
Proceeds Purpose
Flux Marine will leverage the new funding to expand manufacturing, recruit additional talent, and continue to develop its advanced technologies.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Undisclosed
Bristol, RI Undisclosed
USA
Bristol, RI Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Developer of electric boat motors intended to provide power and reliability while reducing pollution. The company's motors leverage solid-state components to facilitate zero emissions with increased performance parameters as well as minimize carbon footprint and are virtually maintenance-free, providing the marine industry with increased transport efficiency and reduced noise, air, and water pollution.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Benjamin Sorkin
Chief Operating Officer
Daylin Frantin
Chief Technical Officer
Jonathan Lord
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