GM acquires 25% stake in electrical boat firm Pure Watercraft – TechCrunch

Common Motors has taken a 25% stake in Seattle-based electrical boating firm Pure Watercraft. GM’s transfer displays a broadening curiosity in all issues EV, together with boats and different automobiles, and comes as a part of the automaker’s dedication to speculate $35 billion in electrical and autonomous know-how by way of 2025.

Pure Watercraft makes all-electric outboard motor techniques, which it calls Pure Outboard, that can be utilized as a drop-in alternative for boats that might use a 25 to 50 horsepower gas-powered motor. The corporate has additionally partnered with main boat producers to promote full electrical boats, together with a pontoon barge, fishing boat and two inflexible inflatable boats.

Pure Watercraft says its electrical techniques require zero upkeep in comparison with gasoline engines, along with eliminating fossil gas air pollution. The vary can also be more likely to go well with a reasonably wide selection of shopper use instances — the corporate notes on its web site that Pure Outboard might help an almost four-hour, 20-mile fishing journey with 15% cost to spare.

The corporate raised a $23 million Sequence A led by L37 final September to spin up manufacturing, 9 years after the corporate was based by CEO Andy Rebele. With this newest funding from GM, the 2 corporations will co-develop and commercialize battery know-how, “integrating GM know-how into quite a lot of functions,” the automaker mentioned in an announcement.

That is simply the most recent sign that electrical applied sciences are beginning to transfer far past highway automobiles and even plane, to transportation and mobility codecs which have continued to be dominated by typical gasoline propulsion. Ten-month-old electrical watercraft startup Arc has raised $7 million in whole funding, together with bringing on a number of new buyers final month. Seattle startup Zin Boats can also be creating an electrical speedboat.

It’s additionally a noteworthy transfer for GM, which is already exploring methods to make use of its know-how in different mobility industries, like rail and aerospace. Earlier this 12 months, the corporate partnered with Wabtec to develop electrical freight locomotives utilizing hydrogen gas and batteries. GM additionally introduced a partnership with Liebherr-Aerospace to collectively develop a hydrogen gas cell demonstration system for plane.

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