Tech Company Financing Transactions
Switch Maritime Funding Round
Switch Maritime, based in Jackson, raised $10 million from Nexus Development Capital.
Transaction Overview
Company Name
Announced On
11/16/2023
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series A
Investors
Nexus Development Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand operations and its business reach.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
180 Center St 11
Jackson, WY 83001
USA
Jackson, WY 83001
USA
Phone
Undisclosed
Website
Email Address
Overview
We build and lease zero-carbon vessels to private and public municipal ferry operators looking to transition their fleets. Founded in 2018, SWITCH Maritime has been working over 5 years to build the first hydrogen fuel cell electric vessel in the U.S., combined with the first maritime hydrogen fuel supply chain. SWITCH Maritime closed its Series A fundraise with Nexus Capital Development LLC in Q3 2023, fleet. The 75-passenger ferry 'Sea Change' will complete its commissioning and start commercial operation in San Francisco Bay in Q4 2023. SWITCH will continue to grow the fleet.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Pace Ralli
Chief Financial Officer
Trinity Wells
Chief Operating Officer
Elias Sickle
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