Zero-emission ferry developer SWITCH Maritime LLC has raised $10 million in a Series A round led by Nexus Development Capital to grow its fleet of battery and hydrogen fuel cell powered vessels.
Founded in 2018 by a veteran team of maritime energy transition leaders, SWITCH’s mission is to enable private and public municipal ferry operators to more easily replace their carbon-intensive, diesel-powered fleets while reducing operating and fueling costs over the lifetime of their vessels.
With the...