Electrification News
Pure Watercraft ramps up its electric outboard motors with a $23M series A
Electric power only started making sense for land vehicles about ten years ago, but now the technology is ready to make the jump into the water. Pure Watercraft hopes that its electric outboard motor can replace a normal gas one for most boating needs under 50 HP — and it just raised $23.4M to hit the throttle.
Candela raises €8m in investment
Swedish start-up company Candela, builder of the Candela Seven speedboat, has received significant backing from TED Talks chairman Chris Anderson who, together with other parties, has invested almost €8m in the company to significantly expand production capacity. “That’s surely needed, since we’re almost sold out for the first half of 2020,” says Candela in a statement. “After articles in the New York Times, Electrek and others, the order book is filling up quickly – last week, for example, we sold six boats.”
OXE Marine AB (publ) and Evoy AS assessing the potential of a high-powered electric outboard
The Company has entered into a cooperation agreement with Evoy AS to assess the technical and market viability of a high-powered electric outboard using the Company’s patented lower leg together with Evoy’s electrical marine propulsion system. The target is initially a 150 hp equivalent motor and later we will assess larger packs up to 300 hp. Following a successful assessment, both parties will contemplate a deeper cooperation to develop, produce and market the product worldwide.
X-Shore Episode 5 – The Technology
EPISODE FIVE - THE TECHNOLOGY. With our X Shore craft we are combining top of the line marine and wireless Internet of Things (IoT) systems. This allows us to capture around 150 data points a second to analyse, adapt and upgrade the systems of the boat in real-time: We are moving from the electrical to the software world, which we need to enable services like automated and assisted driving.
GM unveils its lineup of Ultium electric drive units
“General Motors’ next-generation EVs are expected to be powered by a family of five interchangeable drive units and three motors, known collectively as “Ultium Drive.” Ultium Drive will help the company transition its current portfolio to a fully electric lineup, providing significant advantages over GM’s previous EVs in performance, scale, speed to market and manufacturing efficiencies.”
VIVIC signs US$100m contract for development of electric yacht
VIVIC Corporation will be developing a US$100m smart electric yacht manufacturing project with the Quanzhou Taiwanese Investment Zone Management Committee. The 33-acre site in China will include a production plant and what a company news release describes as “an exhibition centre for electric yachts”. The company said it has completed R&D of an electric yacht and other products, which will be built in the new facility located in Quanzhou, Fujian province.
Electric boat motor crowdfunding hits €650k in first 4 days
Oceanvolt’s electric boat motor crowdfunding campaign has already hit 164% of its target only 4 days after its official launch on Finnish funding platform Invesdor. As of Monday, September 14, a total of €655,000 (US$775,000) has been landed from 167 investments. It seems certain that more money will come in before the closing date of October 8 and give the campaign a good shot at reaching its maximum investment level of €1,5 million ($1.75M).
THE MAIDEN VOYAGE – EELEX 8000
We launched the X Shore | Eelex 8000 - Edition 2021 on a sunny Sunday afternoon, 6th of September 2020. Countless engineering hours went into research and testing to deliver the best electric craft - with new technology, a refined design and a brand new software among many other exciting updates. You don't want to miss experiencing the Power of Silence - the craft is ready to buy - sign up for a test drive in Stockholm:
Stealth’s new complete electric outboard package costs less than $10,000
A complete electric outboard system including 18kW motor, controller, batteries, charger, cables, remote control and state-of-charge meter is being offered by Stealth Electric Outboards for less than US$10,000. That’s another indicator that the electric boat and motor market is changing quickly and becoming more and more accessible to the average boat owner. Many people who are interested in going electric get discouraged by the price or frustrated by the unfamiliar terminology and the details of matching voltage and amps and battery chemistry with the motor.
