Electrification News

Vision Marine named one of five promising stocks for the new year

Vision Marine Technologies has been cited as one of five promising stocks in five different market segments by investment firm Safehaven. In an online analysis, writer Alex Kimani details that while some sectors of the economy – like the travel and energy sectors – were devastated by the Covid-19 pandemic, there were surprising bright spots as well. “The sectors that outperformed in 2020 benefited from new and accelerated trends resulting from Covid-related lockdowns. However, this trend is expected to reverse somewhat with top stocks in 2021 largely expected to benefit from a healing economy and a return to normalcy.”

Torqeedo Powers Electric Foiling Boat

“ It really is like flying,” Mikael Mahlberg, communications director for Candela Boats in Sweden, told Soundings Trade Only about the Candela Seven, which brings together its foiling vessel and Torqeedo electric propulsion. The world’s first fully electric foiling vessel utilizes Torqeedo’s Deep Blue 50i — the equivalent of 80 hp — to propel the 25-foot Candela Seven to a reported top speed of nearly 30 knots. At 20 knots, the boat has 57-mile range. “If you want to go far and fast with a battery, foiling is the only way,” Mahlberg said.

Pure Watercraft Closes $37.5 Million Series A Funding Round to Deliver High-Performance Electric Outboard Motors, Leading the Way to Clean & Quiet Boating

SEATTLE, Dec. 18, 2020 /PRNewswire/ -- Pure Watercraft, the leader in electric boating technology, has closed a total Series A financing of $37.5M, including a previously-announced $23.4M. The oversubscribed funding round was led by L37, a hybrid venture capital and private equity firm; L37 Managing Partner Randall Ussery will join Pure Watercraft's board of directors.

“World’s first 100% electric charter fleet” launches in Norway

Slovenia’s Greenline Yachts has teamed up with Canal Boats Telemark AS in Norway, W-Yachts and Torqeedo to create what it describes as the “first 100% electric charter fleet in the world”. Canal Boats Telemark will operate six new Greenlines – two 33s and four 39s – from its base in southern Norway. All boats will be fitted with Greenline’s EDrive propulsion system, which was launched at boot Düsseldorf in 2019. Since then, full electric Greenlines have been sold all over the world including the US, Germany and Russia. The Greenline 33 and 39 can cruise silently and without any emissions at a speed of 7kt and to a top speed of 11kt. With their battery capacity of 80kWh, they have a range of up to 40Nm on a single charge.

Thailand Torqeedo ferries, electric drug sub, e-boat awards…

The Bangkok ferries that we wrote about back in August went into service on November 27 and are extremely popular. The commissioning ceremony was overseen by Prime Minister Prayut Chan-o-cha and Bangkok Governor Aswin Kwanmuang and included a traditional blessing and sacrifice to Mae Ya Nang, an ancient Thai deity and Guardian Goddess of boats and. Thailand Torqeedo powered ferry in Bangkok khlongBangkok’s canals, locally known as ‘khlongs’ (written คลอง in Thai), are one of the main transportation routes in the bustling city of 8.28 million, and the substitution of electric ferries for diesel ones has been widely supported by all levels of government as a way to reduce t

New crowdfunding for DeepSpeed electric hydrojet motor

Update on electric hydrojet motor crowdfunding. The fund has hit € 1.2M as of Friday, December 4 – only three days into the campaign. That is 400% over the minimum target and well over halfway to the €2M final goal. In fact the investment so far is larger than that – about € 1.5M – but there is a lag between subscribing and payment reporting. The DeepSpeed motor first came to public attention at the 2019 Genoa Boat Show when crowds were intrigued by the look of their Number 10 prototype. Traditional hydrojets are placed inside the boat, but the DeepSpeed is an outboard.

Silent-Yachts’ New Project

Last month, the Austrian solar yacht company announced it had 10 yachts under construction from 55 to 80 feet at its production facilities in Southeast Asia and Italy. Earlier in the year, they teased a move into the tourism industry called Silent-Resorts. Their latest effort is a collaboration with Volkswagen and Cupra on a solar electric catamaran that will be powered by VW’s Modular Electric Drive matrix, the system in which the German automaker is developing its e-mobility architecture. https://www.volkswagen-newsroom.com/en/modular-electric-drive-matrix-meb-3677

The Rise of Electric Boats: Episode #32 of BoatTEST Reports

General Motors says it will have 30 new electric vehicles on the market by 2025, which will account for 40% of its production. Volvo Penta, the largest supplier of diesel engines to the boating industry, plans for its truck engines to be all-electric in the next decade. At least four companies are marketing electric outboards, and this is just the beginning. Just wait until Mercury and Yamaha get involved. Find out what’s going on and how it could change your boating future.

Electric Boat Company Completes IPO Process

Electric boat and outboard company Vision Marine Technologies announced the closing of its initial public offering of 2.76 million common shares, raising $27.6 million before expenses. The company says its E-Motion outboard — rated at 135kW, about 180 hp — is an industry-first, combining a battery pack, inverter, and high-efficiency motor with “proprietary union assembly between the transmission and the electric motor design and extensive control software.” The outboard will tip the scales at 413 pounds; for comparison, a 175-hp Yamaha F175 weighs 483 pounds.

Silent-Yachts teams up with Volkswagen, Cupra on new solar electric cat

Austria’s Silent-Yachts has teamed up with Volkswagen to develop a solar electric catamaran powered by Volkswagen’s modular electric drive matrix, MEB. The new vessel will be designed by Barcelona car brand Cupra (formerly the SEAT Sport). The three-way collaboration brings together partners from the marine and automotive industries to link individual mobility and sustainability.