Tuesday, December 7, 2021

General Motors acquired 25% stake in Pure Watercraft

General Motors has acquired a 25 per cent stake in Pure Watercraft. Pure Watercraft is a Seattle-based developer of all-electric boating solutions. Both companies intend to develop and market battery-electric watercraft using GM technology.

The exact amount of the carmaker’s investment in Pure Watercraft is not disclosed in GM’s announcement.

According to founder and CEO Andy Rebele, Pure Watercraft hopes that the cooperation with the carmaker will lead to

“significant technological advances in range and charging, while achieving series production”. For the battery-electric watercraft, GM technology is to be integrated “into a variety of applications”.

Production of these engines could be scaled with GM expertise – the memo emphasises GM’s “engineering, supply chain and manufacturing capabilities”.

“GM’s stake in Pure Watercraft represents another exciting opportunity to extend our zero-emissions goal beyond automotive applications,” said Dan Nicholson, GM vice president of global electrification, controls, software and electronics. “Building upon GM’s existing efforts to strategically deploy our technology across rail, truck and aerospace industries, the combined expertise of these two enterprises should result in future zero-emissions marine product offerings, providing consumers with more choice than before.”

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Hi I'm Leanne. I'm a big fan of electric cars (drive a Model 3 myself) and support the movement to go electric! I hope you enjoy my Articles here on the website.
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