X Craft Motors Inc. Secures $3 Million in Strategic Funding to Drive Innovation

January 31st, 2025
Media Contact: investor_relations@x-craft.ca

Vancouver, BC Canada - We are thrilled to announce that X Craft Motors Inc. has successfully secured on-path funding of $3 million USD from a group of esteemed investors. This milestone marks a significant step forward in our mission to revolutionize the electric watercraft industry with cutting-edge technology and sustainable innovation.

Fueling the Future of Electric Watercraft

The funding will be instrumental in accelerating product development, expanding manufacturing capabilities, and enhancing our research and development efforts. With a focus on high-performance electric jet skis, electric pontoon boats, and e-foil surfboards, X Craft is dedicated to redefining water-based mobility with eco-friendly solutions.

Support from Industry-Leading Investors

This investment comes from a select group of strategic investors who share our vision of transforming the marine industry through electrification. Our investors have been particularly impressed by the potential of our products, our go-to-market strategies, and our advanced technology, including both marine driving software and our all-in-one electric propulsion system.

In addition, we are proud to welcome many industry experts to our team, providing invaluable support in Marine B2C and B2B sales, Marine Technology, Electrical Engineering, EV sector legal affairs, and capital raising. More importantly, our investors and new team members firmly believe that X Craft Motors Inc. Inc. will successfully electrify the marine space, setting new standards for sustainability and innovation.

What This Means for Our Customers

With this funding, X Craft Motors Inc. is poised to:

• Accelerate production to meet growing demand
• Enhance technology with superior battery efficiency and advanced materials
• Expand our global reach with new market opportunities
• Deliver unmatched performance and sustainability in the marine sector

Looking Ahead

This is just the beginning of an exciting journey. X Craft remains committed to pushing the boundaries of electric propulsion technology and delivering top-tier products that redefine adventure on the water.

We extend our sincere gratitude to our investors, customers, and supporters who continue to believe in our vision. Stay tuned for more exciting updates as we continue to innovate and lead the electric watercraft revolution!

For more information, please kindly visit our website https://x-craft.ca or reach out to investor_relations@x-craft.ca.

X Craft Motors Inc. – Powering the Future of Water Mobility

About X Craft

At X Craft Motors Inc., we are redefining water-based transportation through cutting-edge, eco-friendly solutions. As a pioneering force in the electric marine industry, our mission is to lead the transition towards sustainable and high-performance electric marine products, transforming the way people experience the water. We envision a future where marine adventures are powered by clean, efficient, and high-performance electric propulsion systems. Our unwavering commitment to innovation, sustainability, and superior craftsmanship drives us to develop state-of-the-art electric marine vehicles that set new industry standards and push the boundaries of performance. (X Craft Motors Inc.)

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