X Shore has carried out a primary issuance of shares of approximately SEK 500 million. The new investors include Northvolt's CEO Peter Carlsson and Hélène Barnekow, former CEO of Microsoft Sweden.
Swedish electric boat company X Shore was founded in 2016 by the tech entrepreneur Konrad Bergström. X Shore launched its first series-produced boat, Eelex 8000, in 2020.
Carnegie Investment Bank and ABG Sundal Collier acted as Joint Bookrunners. Baker McKenzie acted as legal adviser with a capital markets team consisting of Henric Roth, Per Blom, Oscar Bang and Carl Isaksson.
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