{"id":23456,"date":"2026-01-16T20:02:20","date_gmt":"2026-01-16T20:02:20","guid":{"rendered":"https:\/\/krogragg.com\/?p=23456"},"modified":"2026-01-16T20:02:20","modified_gmt":"2026-01-16T20:02:20","slug":"fleetzero-raises-43m-in-series-a-funding","status":"publish","type":"post","link":"https:\/\/krogragg.com\/?p=23456","title":{"rendered":"Fleetzero raises $43M in series A funding"},"content":{"rendered":"<p>    Fleetzero raises $43M in series A funding<br \/>\n \t<BR><br \/>\n<BR><\/BR><br \/>\n    <!-- no image --><br \/>\n \t<BR><br \/>\n<BR><\/BR><\/p>\n<div>\n<p>Hybrid and electric propulsion innovator Fleetzero has raised $43 million in Series A financing and opened a new manufacturing and R&amp;D facility in Houston.<\/p>\n<figure class=\"wp-block-embed alignleft is-type-wp-embed is-provider-marine-log wp-block-embed-marine-log\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"xlmYXyf8QF\"><p><a href=\"https:\/\/www.marinelog.com\/news\/fleetzero-glosten-to-build-worlds-longest-range-hybrid-electric-vessel\/\">Fleetzero, Glosten to build world\u2019s longest-range hybrid electric vessel<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"\u201cFleetzero, Glosten to build world\u2019s longest-range hybrid electric vessel\u201d \u2014 Marine Log\" src=\"https:\/\/www.marinelog.com\/news\/fleetzero-glosten-to-build-worlds-longest-range-hybrid-electric-vessel\/embed\/#?secret=lVwR1U0bau#?secret=xlmYXyf8QF\" data-secret=\"xlmYXyf8QF\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div>\n<\/figure>\n<p>The financing round was led by <a href=\"ttps:\/\/obvious.com\/about\/\">Obvious Ventures,<\/a> with participation from new investors Maersk Growth and 8090 Industries, as well as existing investors Breakthrough Energy Ventures, Y Combinator, New Orleans\u2019 Saints owners Benson Capital, Shorewind, and others.<\/p>\n<p>The capital will be used to expand manufacturing of Fleetzero\u2019s <a href=\"https:\/\/bit.ly\/45hhu2t\">Leviathan hybrid and electric marine propulsion system,<\/a> which is already being deployed on commercial vessels.<\/p>\n<p>\u201cHybrid and electric propulsion systems are simply cheaper, safer, and cleaner than traditional systems, and the shift in the industry towards electrification is inevitable,\u201d said Steven Henderson, co-founder and CEO of Fleetzero.<\/p>\n<p>Fleetzero\u2019s new headquarters in Houston will serve as the company\u2019s hub for manufacturing and R&amp;D. The facility includes a production line with an initial capacity of 300 MWh\/year of marine ESS systems, a marine robotics and autonomy lab, and a marine propulsion R&amp;D center. Fleetzero plans to expand its Houston production capacity up to three GWh\/yr over the next five years.<\/p>\n<p>\u201cHouston has the people who know how to build and operate big hardware \u2013 ships, rigs, refineries, and power systems,\u201d said Mike Carter, co-founder and COO of Fleetzero. \u201cWe\u2019re pairing that industrial DNA with modern batteries, autonomy, and software to bring back shipbuilding to the U.S.\u201d<\/p>\n<p>The company\u2019s Leviathanpropulsion system can be used on new or existing ships in a hybrid or all-electric configuration and is designed to lower the total cost of ownership of large commercial ships through maintenance and fuel savings.<\/p>\n<p>\u201cWe believe that electrification will be an important part of the mix on our journey to reach net-zero,\u201d said Morten Bo Christiansen, head of energy transition at A.P. Moller-Maersk. \u201cWe\u2019re proud to support innovative companies such as Fleetzero.Their ambitions that go from battery technology to broader infrastructure make them a great partner for Maersk.\u201d<\/p>\n<p>\u201cFleetzero is making robotic ships a reality today. The team is moving us from dirty, dangerous, and expensive to clean, safe, and cost-effective. It\u2019s like watching the future today,\u201d said Andrew Beebe, managing director at Obvious Ventures. \u201cWe backed the team because they are mariners and engineers, know the industry deeply, and are scaling with real ships and customers, not just renderings.\u201d<\/p>\n<p>Fleetzero sees electrification as a key enabler of marine autonomy, as well as a strategic opening for US and European shipbuilding to rebound after decades of decline.<\/p>\n<p>\u201cFleetzero is bringing back maritime technology leadership to this country,\u201d said Rayyan Islam, co-founder and general partner at 8090 Industries. \u201cWe invested in Fleetzero because we feel they are uniquely positioned to take shipbuilding from a series of custom construction projects to truly high-volume manufacturing\u2026and this is crucial to building back seapower to the U.S.\u201d<\/p>\n<p>The post <a href=\"https:\/\/www.marinelog.com\/news\/fleetzero-raises-43m-in-series-a-funding\/\">Fleetzero raises $43M in series A funding<\/a> appeared first on <a href=\"https:\/\/www.marinelog.com\/\">Marine Log<\/a>.<\/p>\n<\/div>\n<p> \t<BR><br \/>\n <BR><\/BR><br \/>\n    Nick Blenkey<br \/>\n \t<BR><br \/>\n<BR><\/BR><br \/>\n<a href=\"https:\/\/www.marinelog.com\/news\/fleetzero-raises-43m-in-series-a-funding\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=fleetzero-raises-43m-in-series-a-funding\">Go to marinelog<\/a><br \/>\n \t<BR><br \/>\n <BR><\/BR><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fleetzero raises $43M in series A funding Hybrid and electric propulsion innovator Fleetzero has raised $43 million in Series A financing and opened a new manufacturing and R&amp;D facility in Houston. Fleetzero, Glosten to build world\u2019s longest-range hybrid electric vessel The financing round was led by Obvious Ventures, with participation from new investors Maersk Growth [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3118,7728,192,7729,199,7730,7731,606],"tags":[193],"class_list":["post-23456","post","type-post","status-publish","format-standard","hentry","category-fleetzero","category-maeersk-growth","category-marinelog","category-mike-carter","category-news","category-obvious-ventures","category-steve-henderson","category-technology","tag-marinelog"],"_links":{"self":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/23456"}],"collection":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23456"}],"version-history":[{"count":0,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/23456\/revisions"}],"wp:attachment":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}