MOL PLUS to invest in Pyxis, a developer of electric vessels and operator of charging stations

MOL PLUS CO., Ltd. today announced its decision to invest in Pyxis Maritime Pte. Ltd., a developer and manufacturer of electric vessels (EV boats) and the operator of EV boat charging stations.

Singapore is charting towards a 2050 national net zero target. Beginning in 2030, all new harbour craft operating in the Port of Singapore will have to be fully electric, be capable of using B100 biofuel, or be compatible with net zero fuels such as hydrogen.

MOL PLUS aims to accelerate the social implementation and commercialization of electric vessels, and related charging infrastructure together with Pyxis. As an investor in Pyxis, MOL PLUS will not only support the development of the company’s technology and business, but also facilitate opportunities for business collaboration, drawing on resources within and outside the MOL Group. Beyond capital, the partnership reflects accelerating industry alignment around electrification, bringing together startup-driven innovation with deep operational expertise in shipping, ports and fleet management.

On November 12, 2025, MOL (Asia Oceania) Pte. Ltd. has signed a Heads of Agreement (HoA) with Pyxis in which the two companies will study the possibility of establishing a business model to promote EV boats and charging infrastructure in an integrated manner.