USA—Fleetzero Inc., a pioneering developer and manufacturer of marine battery systems and electric vessels, is proud to announce a strategic investment from MOL PLUS, the venture capital division of MOL (Mitsui O.S.K. Lines, Ltd.) GROUP. This partnership underlines a shared commitment to advancing decarbonization and the widespread adoption of electric vessels in the marine industry.

As a leader in marine battery solutions, Fleetzero's mission is to decarbonize shipping without a green premium. The company specializes in creating marine battery systems with unparalleled energy density, affordability, and safety—key factors historically challenging marine electrification. With Fleetzero's advanced batteries, developing large electric vessels capable of medium-to-long-distance transport is now a reality.

The investment by MOL PLUS marks a significant milestone for Fleetzero, enabling the company to expand its operations and impact. With the support of MOL PLUS, Fleetzero will continue to develop its LeviathanTM battery system and explore integrating these systems into MOL Group’s fleet. This collaboration is set to catalyze the industry's transition to electric vessels as Fleetzero and MOL PLUS work together to foster partnerships and navigate entry into new markets.

For more information, please contact:

Jonathan Crews
Vice President

corporate@fleetzero.com

Fleetzero — Shipping Electrified.