General Motors invests in Seattle electric boat maker Pure Watercraft – FutureCar.com

author: FutureCar Staff

Some of automaker General Motors’ future electrification plans could include electric boats. The company said on Monday it had bought a 25% stake in electric boat maker Pure Watercraft. GM’s investment values ​​the boatmaker at $ 600 million, the companies said on Monday.

As part of the deal, GM is offering $ 150 million in cash and in-kind payment, which includes access to the automaker’s components and manufacturing assistance, in return for the stake, Pure Watercraft said in a statement.

“Building on GM’s existing efforts to deploy our technology in the rail, trucking and aerospace industries, the combined expertise of these two companies should translate into future zero-emission marine product offerings.” Dan Nicholson, vice president of GM’s global electrification unit, said in a statement.

Pure Watercraft was founded in 2011 in Seattle. The company manufactures engines for boats powered by lithium-ion batteries. The outboard boat motor he developed uses a standard design that attaches to any standard boat transom. It is designed to replace boat models that accept a gasoline outboard motor between 25 and 50 HP.

The company also owns a range of electric boats, including pontoon boats.

Pure Watercraft’s Pure Outboard electric motors use revolutionary efficiency to improve a boat’s performance while reducing operating and maintenance costs compared to traditional marine propulsion systems, according to the company.

Electric outboard boat motors offer a lower total cost of ownership, while providing environmental benefits. The Pure Outboard boat motor emits no smoke or harmful emissions. It also offers a quieter boating experience without the loud noise associated with standard gasoline outboard boat engines.

The electric boat motor developed by Pure Watercraft is powered by an 8.8 kWh lithium-ion battery and produces the equivalent of 50 horsepower. Up to ten battery packs can be used together to support a wide variety of navigation applications. For most recreational uses, one or two batteries will be sufficient, depending on the company.

For recreational use with one or two batteries, a charge can last between 2 to 4 hours over a distance of 20 miles on the water, depending on speed and weather conditions.

“Our mission is to enable a new era in boating,” said Andy Rebele, Founder and CEO of Pure Watercraft. “This joint effort with GM should allow us to achieve significant technological advances in terms of range and charging, while achieving volume production.”

Pure-Outboard-System.jpeg

Pure Watercraft Electric Outboard Boat Motor.

GM’s $ 150 million investment in Pure Watercraft is part of a much larger investment in electrification. In June, GM announced it would increase its investments in electrification and autonomous driving technologies to $ 35 billion by 2025, as it envisions a fully electric future with dozens of new battery-powered models. . It represents one of the biggest financial commitments in the automaker’s more than 100 years of history.

In November 2020, GM announced it would deliver 30 new electric vehicles by 2025 globally, with two-thirds of battery-powered models available to customers in North America. The first of those vehicles will be the upcoming Hummer EV, Cadillac Lyriq SUV and an electric version of the popular Chevy Silverado pickup slated for release next year.

GM has said it will disclose all products developed from the partnership with Pure Watercraft at a later date.

Maybe in the near future you might see a GM brand electric boat being towed by an electric Silverado pickup or Hummer EV.

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