Fleetzero has secured USD 43 million in Series A financing to accelerate the production of its Leviathan hybrid and electric propulsion system and to support the opening of a new manufacturing and research and development headquarters in Houston, Texas.
The funding round was led by Obvious Ventures, with participation from Maersk Growth, Breakthrough Energy, 8090 Industries, Y Combinator and other investors. According to the company, the new capital will be used to scale production capabilities and advance the commercial deployment of its propulsion technology.
Fleetzero said the Leviathan system is designed to support the transition toward cleaner and more efficient maritime operations, combining electrification with hybrid solutions to reduce emissions and operating costs.
The company stated that electrification and autonomy are expected to play a defining role in the next phase of shipping, contributing to safer operations, lower environmental impact and improved scalability across the maritime sector.
