GM has invested $150 million for 25% stake in Pure Watercraft, a Seattle-based company that builds electric outboard motors and batteries for boats.
GM “will become a supplier of components to Pure Watercraft, a co-developer of new products, and will provide engineering, design and manufacturing expertise to help [Pure Watercraft] establish new factories,” according to CNBC
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GM “will become a supplier of components to Pure Watercraft, a co-developer of new products, and will provide engineering, design and manufacturing expertise to help [Pure Watercraft] establish new factories,” according to CNBC
GM takes a stake in electric boating start-up Pure Watercraft
Pure Watercraft systems use lithium ion batteries to replace 40- to 50-horsepower outboard motors that burn gas or diesel.
