{"id":3125,"date":"2021-03-12T09:58:02","date_gmt":"2021-03-12T09:58:02","guid":{"rendered":"https:\/\/www.cartello.eu\/?p=3125"},"modified":"2026-11-09T17:03:24","modified_gmt":"2026-11-09T17:03:24","slug":"cox-powertrain-raises-12-million-pounds-increase-production","status":"publish","type":"post","link":"https:\/\/www.cartello.eu\/en\/cox-powertrain-raises-12-million-pounds-increase-production\/","title":{"rendered":"Cox Powertrain raises \u00a312 million to increase production"},"content":{"rendered":"\n

Cox Powertrain has raised nine million pounds from existing investors and secured a three million pound loan from HSBC UK Equipment Finance.<\/em><\/p>\n\n\n\n

Cox Powertrain<\/a>, the leading British manufacturer of high-power diesel outboard engines for the global marine industry, is pleased to announce that it has raised \u00a39 million from existing investors, together with a \u00a33 million loan from HSBC UK Equipment Finance, to enable the company to expand and increase production of its CXO300 diesel outboard.<\/strong>

The CXO300<\/a> was originally designed using the best automotive and marine technology. It offers significant benefits over standard petrol engines, including 25% more fuel efficiency; a lower total cost of ownership; a service life three times longer; and greatly improved environmental credentials.

The investment follows a year of significant progress in 2020, in which production of the CXO300 began<\/a> and engines were shipped to Cox’s international network of distributors, including North America, Europe, the Middle East and Asia. The sum raised from existing investors is a sign of their strong confidence in the business and its potential, with a strong order book for 2021 and beyond. Cox intends to become a major global exporter of high-power diesel outboard engines.<\/strong> The company is targeting customers within the outboard engine market, including the fishing, farming and oil industries; the watersports sector; local governments and government agencies; and leisure boaters. This market is estimated to be worth US$1.7 billion in North America and Europe alone.<\/strong>

Tim Routsis, CEO of Cox Powertrain, said: \u201c2020 was a milestone year for Cox Powertrain, as we kicked off production of the CXO300 despite the challenges of the global effects of Covid-19. This injection of capital allows us to extend our business to meet our growing order book.\u201d<\/p>\n\n\n\n

\u201cI want to thank our suppliers around the world and acknowledge their hard work under the extreme constraints associated with Covid. <\/strong>It has been incredibly challenging for everyone, which is why we hope that Cox’s continued support will enable them to increase their production so that we can meet market demand.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Cox Powertrain has raised nine million pounds from existing investors and secured a three million pound loan from HSBC UK Equipment Finance. Cox Powertrain, the leading British manufacturer of high-power diesel outboard engines for the global marine industry, is pleased to announce that it has raised \u00a39 million from existing investors, together with a \u00a33 … Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":2261,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-3125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-products-en"],"acf":[],"yoast_head":"\nCox Powertrain raises \u00a312 million to boost production<\/title>\n<meta name=\"description\" content=\"Cox Powertrain raises \u00a39 million from investors plus a \u00a33 million HSBC loan to expand production of its CXO300 diesel outboard.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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