Sharrow Marine, a Detroit, MI-based subsidiary of Sharrow Engineering LLC, a manufacturer of propellers for boats and ships, raised $30+M in Debt and Equity financings.
This round was led by the family offices of John H. McFadden, Esq. and David Dolby, director of Dolby Laboratories and CEO of Dolby Family Ventures.
The company intends to use the funds to accelerate its growth plans and to continue developing innovative propeller technology for the marine and aeronautical industries.
Led by Greg Sharrow, CEO, Sharrow Engineering is a nautical and aeronautical engineering company dedicated to the research and development of propulsion technologies for the maritime and aeronautical industries. It is the parent company for Sharrow Marine, created for all nautical applications for the Sharrow Propeller™ LLC, and Sharrow Commercial Marine, LLC.
Sharrow Marine’s patented technology Sharrow Propeller™, has applications in all types of commercial marine shipping, aerospace, aviation, industrial and commercial non-propulsion uses, as well as in recreational marine use. It is currently available for all major outboard manufacturers: Yamaha, Mercury, Honda, Evinrude, Suzuki, Johnson, Nissan, OXE, and COX.
FinSMEs
21/06/2023