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Chinese startup raises funds for electric boat motors

ePropulsion leverages green trend for quiet, nonpolluting engines

ePropulsion is the world’s second-largest maker of electric outboard motors for small boats, shipping more than 6,000 units last year. (Photo courtesy of the company)

BEIJING -- ePropulsion Technology, a Chinese startup that makes electric motors for small boats, has raised more than 100 million yuan ($15 million) in a Series B funding round led by Shenzhen OCT Huaxin Equity Investment Management.

Other investors included Shenzhen HTI and Dongguan Financial Holdings.

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