Pure Watercraft’s collaboration with General Motors. Pure Watercraft’s ‘affordable luxury all-electric pontoon boat’ provides ‘new levels of enjoyment, performance, and low maintenance’ to a segment that represents approximately 20% of the US recreational boating market, growing more than 20% annually.
announced an agreement with Linamar Corporation subsidiary McLaren Engineering for the testing, manufacture, and assembly of the powertrains. “There is currently a two year delivery backlog of performance batteries in the boating industry” said Alexandre Mongeon, co-founder and CEO of Vision Marine. “The Octillion agreement will allow Vision Marine to continue to scale production and secure the quantities of high density electric battery systems required in conjunction with the commencement of sales of our E- Motion outboard powertrains.”
Volvo delivered an hybrid vessel to explore Svalbard archipelagoNorth of mainland Europe, it is about midway between the northern coast of Norway and the North Pole (Wikipedia). Volvo Penta is running a pilot project with Svalbard’s oldest tourist operator, Hurtigruten Svalbard, to test a state-of-the-art hybrid Marell M15 vessel called Kvitbjørn (’Polar Bear’ in English) that will change how tourists experience this natural wonder, delivering near-silent operation and creating a more enjoyable experience for tourists and wildlife alike.
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.