Cox to Ramp up Production of the CXO300 Outboard Engine

Cox Powertrain, a British manufacturer of high-power diesel outboard engines, announced it has raised £9 million from existing shareholders and a further £3 million loan from HSBC UK Equipment Finance to allow the company to expand and ramp up production of the CXO300 outboard engine. Since 2007, Cox Powertrain has been continuously backed by private investors. Production of the CXO300 began in May 2020 and since then, the CXO300 has been shipped to more than 16 territories across the globe.