Electrification News

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.

Deutz creates new ‘Green’ segment of which Torqeedo will be a part

Deutz AG has announced it is segmenting its business into two parts: ‘Classic’ and ‘Green’. With effect from January 1, 2022, all activities connected with the development and production of new non-diesel drives will be assigned to the Green segment. This includes electric drives, the electric outboards subsidiary Torqeedo, and the battery management specialist Futavis. Deutz says the new structure is giving greater visibility to the development of hydrogen-powered engines and fuel cells. Activities related to the development, production, sales and service of diesel engines will be combined under the Classic segment.

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.”

Vetus debuts new Bow Pro Boosted Thrusters at METSTRADE

Vetus marked the global debut of its all-new Bow Pro Boosted thruster series at METSTRADE on Tuesday. The new BOWB285, BOWB300 and BOWB320 thrusters are the company’s most powerful Bow Pro thrusters and the first Bow Pro units in the 300mm tunnel range.