Electrification News
Aqua superPower and Tritium announce partnership to power electric boats on global waterways
Aqua superPower has partnered with Tritium, a global leader in DC fast-charging hardware and software, to expand the charging network for electric boats. Aqua superPower is said to be the world’s first fast-charging network operator for marinas, boatbuilders and boat owners, bringing electric power to the water and reducing the impact of boating on marine ecosystems. The company has been rolling out its network of marine fast-chargers with recent installations along the Cote d’Azur and the Italian Riviera, another in Venice, and a further 150 chargers planned next year, with substantial deployment growth to come thereafter.
Vision Marine to initiate stock repurchase program
The repurchase program will be funded using the company’s working capital. The Board of Directors of Vision Marine Technologies, maker of the E-Motion electric outboard powertrain, has authorised a stock buyback of up to 10% of the company’s common shares via privately negotiated transactions and open market purchases.
BAR Technologies and Spirit Yachts to launch new electric foiling yacht
UK builder Spirit Yachts and BAR Technologies, the marine engineering consultancy, are collaborating to deliver a fully electric, fully foiling 35ft motoryacht. Commissioned by the owner of the Spirit 111 sailing superyacht, the project will, according to Spirit, ”exemplify BAR’s high-tech efficiency and sustainability while maintaining a classically beautiful aesthetic.” The foiler has 6 seats in open cockpit configuration quickly converting to a 2-seater spider configuration.
Electric Outboards at METSTRADE 2021
Two years of COVID-19-pent-up marine-product introductions burst forth on the world’s largest marine-equipment stage — METSTRADE — two weeks ago in Amsterdam. Most significant were 10 electric outboard motors with stated horsepower from 1 to 267. None of the electric motors on display was from the U.S., as European electrical engineers and entrepreneurs dominated the show. The future of boating is undeniably electric — the only question is when. Take a look at Part I of our two-part video report on electric outboard motors displayed at METS to see what the pioneers are doing. We think you’ll be surprised.
More electric boat investments – Arc Boats $30M Series ‘A’ round
The electric boat investments world keeps heating up. One day after GM announced that it will be investing $150M in electric boating company Pure Watercraft, Arc Boats has announced a successful $30M Series A fundraising round. This comes in the wake of (pun intended) high profile investments in the all-electric wakeboarding towboat by Will Smith, Kevin Durant and Sean ‘Diddy’ Combs. Arc’s development team includes a number of experts from Space X, and some of the original investors in Arc were Silicon Valley titans Andreesen Horowitz and Lowercarbon Capital, who invested early in companies like twitter, Uber and Instagram.
ePropulsion secures substantial R&D funding
Asian electric outboard manufacturer receives tens of millions of US dollars’ worth of B+ Series funding. ePropulsion, the Asian marine electric propulsion company, has secured hundreds of millions of RMB in B+ Series funding, equating to tens of millions of US dollars. The funding was acquired from investors including Lightspeed China Partners and other existing shareholders. ePropulsion has now sold over 12,000 units and achieved an annual sales growth of 150% this year, which is still growing at a pace with sales expected to double again in 2022.
GM invests in electric boat startup Pure Watercraft
General MotorsThe two companies told CNBC this year that they have acquired a 25% stake in Pure Watercraft, a Seattle startup that manufactures electric outboard motors for boats, claiming to be “focusing on electrification.” ..Pure Watercraft motors use lithium-ion batteries and replace 40-50 horsepower outboard motors that burn gas or diesel. Traditional fuel-powered boats are a source of environmental problems such as noise pollution, smog and water pollution. It is clear that these problems are floating in the wake water. Pure’s system is much quieter and cleaner. PureWatercraft CEO Andy Rebele, a lifelong fishing and boat enthusiast and former boat coach, was lined with huge market opportunities for personal motivation to solve these problems. ..
US firm to introduce long-range, electric jetski made from carbon fibre
A Southern California company plans to ship a fully electric, carbon fibre personal watercraft by next summer that it says can save up to 7,500 pounds of carbon emissions annually. Elaqua Marine, with engineering and manufacturing facilities in Irvine, California, claims its 3D-printed craft will provide 180 horsepower, for a top speed of 70 mph and a range of 60 miles.
Electric boat start-up attracts additional $30m investment
The electric boat start-up company Arc, which is not even a year old, has added to the seed investment from the venture capital firm Andreessen Horowitz a further $30m investment led by an early Tesla executive. The $30m Series A fund was led by Greg Reichow, the former Tesla exec who is now a partner at Eclipse Ventures. Existing investors – Andreessen Horowitz, Chris Sacca’s Lowercarbon Capital and Ramtin Naimi’s Abstract Ventures – also joined.
