MOL PLUS has announced an investment in Pyxis Maritime, a Singaporean developer of electric vessels and charging stations, to support the commercialization of electric maritime solutions. This move aligns with Singapore’s goal of achieving net-zero emissions by 2050, which mandates that all new harbor craft in the Port of Singapore must be fully electric or compatible with alternative fuels like hydrogen by 2030.
The partnership aims to expedite the implementation of electric vessels and charging infrastructure. MOL PLUS plans to provide not only capital but also technological and business development support to Pyxis, fostering collaboration within the MOL Group and beyond. This collaboration merges innovative startup approaches with established expertise in shipping and fleet management, highlighting the industry’s shift towards maritime electrification.
Additionally, on November 12, 2025, MOL (Asia Oceania) entered a heads of agreement with Pyxis to explore a comprehensive business model promoting electric vessels and associated infrastructure. Pyxis focuses on advancing electric vessel technology and enhancing the operational efficiency of coastal vessels, aiming to drive maritime decarbonization and improve fleet management. MOL PLUS, as the venture arm of the MOL Group, seeks to create new business opportunities within the shipping sector through such partnerships.
