Posted on

GM acquires 25% stake in electric boat company Pure Watercraft



Share

General Motors has taken a 25% stake in Seattle-based electric boating company Pure Watercraft. GM’s move reflects a broadening interest in all things EV, including boats and other vehicles, and comes as part of the automaker’s commitment to invest $35 billion in electric and autonomous technology through 2025.
Pure Watercraft makes all-electric outboard motor systems, which it calls Pure Outboard, that can be used as a drop-in replacement for boats that would use a 25 to 50 horsepower gas-powered motor. The company has also partnered with major boat manufacturers to sell complete electric boats, including a pontoon barge, fishing boat and two rigid inflatable boats.
Pure Watercraft says its electric systems require zero mai …

Read More