X Shore, the Swedish builder of electric powerboats attracting superyacht chase boat and tender buyers, is officially out of business.
In a social media post on January 28, Konrad Bergström, X Shore’s founder, announced the news. “It is painful when a deeply held vision ends this way,” he writes.
Xshore Production, the parent company for the boatbuilder, had filed for insolvency in Stockholm District Court in October 2025. The court-appointed administrator sought offers for the business. However, none materialized by the deadline in November 2025. Unpaid rent on the factory property totaled 17 million Swedish krona ($1.9 million), leading to the filing. Financial challenges arose in prior years as well, even after multiple rounds of raising funds through investors. In 2024, for example, €8.5 million came from investors for product development. The doors to the boatyard finally closed this month.
Bergström, who established X Shore in 2016, notes, “Our ambition was to rethink the entire experience” of boating, In fact, he strongly believed that boat handling and cruising should “feel more like a modern car than a traditional vessel: intuitive, coherent, and thoughtfully designed. Not a collection of disconnected components, but one unified experience.” He believed electric propulsion solved many of the problems, especially by simplifying systems and components, plus it was more economical. “But the real goal was experience,” Bergström continues, “no noise, no fumes, just presence.”
X Shore sold boats in Europe and the United States. It earned design and innovation awards, too. Although the founder expresses pride in all of this, one thing above all stands out. “Most importantly, we helped make people aware that there are better alternatives,” he says. “The future experience on the water doesn’t have to look like the past.”
“While X Shore as a company may be coming to an end, the ideas it helped introduce will live on,” Bergström concludes. He further expresses hope that someone can revive the company and fulfill the original vision.
X Shore xshore.com
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