GM Invests $150M in Electric Boat Start-Up

General Motors said it has acquired a 25-percent stake in Pure Watercraft, the Seattle-based e-propulsion outfit for approximately $150 million, a number confirmed by Pure CEO and founder Andy Rebele. GM said in a statement that the company is committed to investing $35 billion in electric and autonomous vehicle technology over the next four years, and that the deal with Pure Watercraft reflects its own mission to take the “holistic approach necessary for widespread EV adoption.”