GM buys 25% stake in electric boat engine maker
As we all know, there are a lot of similarities between automotive and light marine powerplants. So, it comes as no surprise to learn that General Motors has recently announced that it was buying a 25% stake in a Seattle company that makes battery-powered outboard motors. The American automaker unveiled that it had bought the stake in Pure Watercraft for a project that should develop and commercialize battery electric watercraft. Pure Watercraft makes an outboard electric propulsion system powered by a lithium-ion battery. The unit is designed as a drop-in replacement for any boat with a gas outboard motor from 25 to 50 horsepower. The company also works by boat manufacturers to sell complete boats. The two companies should combine Pure Watercraft’s marine experience with GM’s engineering, supply chain and manufacturing capabilities.
(Photo Pure Watercraft)