X Shore signs €50 million battery deal
Sweden-based electric boat manufacturer X Shore has partnered with electric battery innovator Kreisel Electric to supercharge the next generation of its Eelex 8000 electric vessels.
The five-year deal, worth €50 million, will see X Shore’s flagship model and its 225kW motor being exclusively powered by two Kreisel battery packs (KBP 63) with a total battery capacity of 126kWh.
As reported in MIN in February 2022, Deere & Company – manufacturer of John Deere equipment – recently acquired majority ownership in Kreisel Electric.
Jennifer Preston, CEO of Kreisel Electric, says: “We see X Shore as the market leader in electric leisure boating with huge growth potential, to foster a greener future. We are proud to supply X Shore with our patented battery technology, which enables significant benefits in terms of performance, safety, lifetime, modularity and costs.”
Jenny Keisu, CEO of X Shore adds: “We are delighted to be continuing our global expansion hand in hand with Kreisel Electric. Having secured the best batteries on the market for the next five years, X Shore is here to set the course for the industry towards long-term sustainability.”
For electric vehicles to be true enablers of the net-zero economy, the companies say the carbon footprint from the production process must be eliminated. The battery is a large share of the Eelex 8000’s carbon footprint and so by working towards carbon net-zero batteries, Kreisel Electric and X Shore can be more competitive in the long-term and contribute to a truly sustainable electrical transition.
The technology behind the KBP 63 already serves a global customer base across multiple end markets including commercial applications, electric motorsport, charging infrastructure and maritime solutions.
With the electrification of cars and commercial traffic becoming the new global standard, Preston says: “We must now take the next steps towards sustainable marine solutions. We are eager to start this new era by supporting an industry stalwart like X Shore which shares our vision of a greener future.”
