MOL PLUS and Pyxis to scale electric vessel use, charging infra in Singapore

The Japanese venture capital aims to commerialise EV vessels and charging infrastructure with Singapore startup. 

MOL PLUS CO., Ltd. (MOL PLUS) announced its investment in Pyxis Maritime Pte. Ltd. (Pyxis) to support Pyxis’ use of electric vessels (EV vessels) in Singapore.

MOL PLUS, a Tokyo-headquartered firm, aims to accelerate the commercialisation of EV vessels and related charging infrastructure, together with Singapore’s Pyxis, MOL said in a release.

The firm will support the development of the city-state company’s technology and business and facilitate opportunities for business collaboration, the release added.

The statement also announced that the two firms' partnership will centre on electrification, and shipping, ports, and fleet management.

Beginning in 2030, all new harbour crafts operating in the Port of Singapore will have to be fully electric, or be capable of using B100 biofuel or compatible with net zero fuels such as hydrogen, MOL said.

In late 2025, MOL Asia Oceania Pte. Ltd. signed an agreement with Pyxis for their study to promote EV boats and charging infrastructure in the city-state.

MOL Plus is the venture capital arm of the Japanese shipping firm Mitsui O.S.K. Lines.