/ 
Swedish shipyard X Shore went into final liquidation on January 29, 2026. Founded in 2016, the company had made a name for itself with its electrically-powered boats, positioned for premium and professional uses. Despite international visibility and several fund-raising campaigns, the company was unable to find a buyer.
Bankruptcy proceedings to begin in 2025
X Shore's difficulties crystallized in October 2025, when manufacturing entity X Shore Production AB filed for bankruptcy with the Stockholm District Court. At the time, management indicated that the parent company would remain operational, while seeking recovery solutions.
However, the insolvency administrator received no takeover offer before the deadline of November 2025. Among the triggers was a rent arrears of SEK 17 million (around ?1.9 million) on the industrial site.
Recent but costly industrial facilities
X Shore produced its boats in a 14,000 m2 factory in Nyköping, which opened in 2021. The site employed nearly 70 people and embodied the industrial ambition of the project. The X Shore 1 model was launched in September 2022.
Despite this recent tool, the structure has accumulated financial tensions. By 2024, the company had raised 8.5 million euros from investors, mainly for product development. These funds were not sufficient to offset fixed costs and the pace of ramp-up.
A strong vision of the electrical experience
X Shore founder Konrad Bergström announced the end of the adventure in a message published on January 28, 2026. In it, he recalls the project's initial ambition, " completely rethink the boat experience, to bring it closer to that of a modern, intuitive and coherent car" .
For Bergström, electric propulsion was first and foremost a means of simplifying systems and offering silent navigation," he says no noise, no smoke, just presence on the water" . An approach focused on usage rather than technology alone.
X Shore marketed its boats in Europe and the United States, targeting superyachts for fast shuttles and tenders. The brand had also received several design and innovation awards.
However, this recognition has not been enough to secure a sustainable business model. The electric boat market remains narrow, highly dependent on battery costs, recharging infrastructures and the ability to industrialize on a large scale.
An uncertain future for the brand and its assets
In January 2026, Norwegian investor Staale Reiersen acquired X Shore Production AB and some twenty boats at auction. His intention is to relaunch an electric propulsion business, although no precise timetable has been given.
Konrad Bergström concludes his message by expressing the hope that a partner can revive the original vision. " If X Shore ceases to exist as a company, the ideas it has carried will continue to exist he writes, acknowledging his responsibility for the outcome of the project.
The liquidation of X Shore is a strong signal for the industry. It serves as a reminder that the transition to electric power in the marine sector is not based on technology or image alone, but on the ability to build a robust industrial and financial model.
