Electrification News

New $50 Million funding for electric boat manufacturer X Shore

Electric boat manufacturer X Shore has secured another $50M in funding (approx €45.9M), which will be used to ramp up production at its new factory in Nyköping, Sweden and also support increased research and development. New investors include Peter Carlsson, founder and CEO of Northvolt batteries, who is joined by X Shore board members, management and existing owners. Previous investors in X Shore include Delivery Hero founder Lukasz Gadowski’s Team Europe holding company, Navin Thukkaram, founder and CEO of Innovation Bootcamp, and Marec Gasiun, former Head of Automotive Business Development at Google.

GM, Honda expand EV partnership

The General Motors (GM) and Honda collaboration on developing affordable electric vehicles (EVs) based on a new global architecture using next-generation Ultium battery technology is expanding, the two companies announced, to enable global production of millions of EVs starting in 2027. Leveraging the two companies’ technology, design and sourcing strategies, Honda and GM will work towards standardising equipment and processes to achieve world-class quality, higher throughput and greater affordability, with a focus on the compact crossover vehicles market, which is the largest vehicle class in the world, with more than 13 million vehicles produced annually, according to Green Car Congress.

French electric outboard producer unveils new model

Last January French electric outboard motor brand TEMO signed its second round of financing and raised €1.5mto expand its range and boost exports. The company is now taking pre-orders for its second engine, the TEMO·1000. Designed to fit large dinghies and/or small sailing boats up to 8m, the engine is portable, silent, powerful and benefits from an interchangeable battery system.

Yanmar makes major battery buy

Yanmar Holdings Co. Ltd., announced it has acquired a majority share in ELEO Technologies B.V., a battery technology company based in Helmond, the Netherlands. Yanmar acquired its stake in ELEO through its subsidiary Yanmar Europe B.V., by means of a series of related transactions including a full exit of early-stage investor Lumipol Group. The financial terms of the deal were not disclosed. Yanmar announced it has acquired a majority stake in ELEO Technologies, a European supplier of advanced modular battery system for off-road applications. By integrating ELEO’s advanced, scalable, and modular battery technology, Yanmar said it will further its electrified powertrain capabilities with customized solutions for off-road applications.  

New zero-emission ferry for Norwegian route

Cemre Shipyard and Torghatten Nord have signed a contract to build a new ferry for the Bognes-Lødingen route in the northern part of Norway. The double-ended car and passenger ferry, developed by Norwegian Ship Design, will be designated NSD120CFc and will operate with zero emissions in exposed waters on the route. Typical service speed on the one-hour crossing is 13-14kts. The transit time and speed will be a new record for Norwegian battery-powered ferries. The vessel will normally operate on battery-electric power, charged from the onshore grid through high-capacity automated charging connections. In cases where shore power is unavailable, bio-diesel generators will provide sufficient power for normal operation.

New UK electric boat company unveils first boats and jet drive plans

Fledgling UK company NEVA Group has launched a range of electric aluminium leisure boats brand called ‘Pixii’ that will spearhead its foray into the marine sector, with plans in the pipeline for a commercial boat offering and also a new electric jet drive system that’s currently under development. The Dorset-based, UK company is the brainchild of Charles Hall, CEO of NEVA Group and co-founders, electrical engineer Daniel Simpson, and project manager Paul Luscombe, and was inspired by their collective desire to replicate the electric motoring experience, on the water.

New Torqeedo distributor in the US

Great Lakes Power, headquartered in Mentor, Ohio, is the latest company to be appointed as a Torqeedo distributor. Great Lakes Power specialises in the distribution, service, manufacturing, and engineering of powertrain solutions. The company will serve as the exclusive full-service distributor for Torqeedo Deep Blue electric propulsion systems in the eastern United States, offering sales and service support, factory trained technicians and genuine spare parts.

Candela C-8 electric speedboat taking off with over 100 orders

Just a month and a bit after its maiden flight, the Candela C-8 electric speedboat is taking off in every way with record breaking sales, a new US test drive centre and an outing as the first electric hydrofoil chase boat in the Sail GP racing tour.

Maiden flight: February 16, 2022: Stockholm

Gliding through the cold waters outside the Swedish tech company’s headquarters at Lidingö, Stockholm, the Candela C-8 prototype P-01 looked like any other (very handsome) boat…until she reached a speed of 16 knots, when she started rising gracefully on her foils – taking off and flying noiselessly above the water at a cruise speed of 20 knots.

New electric outboards investment: $15.5M for Flux Marine

The world of electric boats is attracting more and more serious money with this electric outboards investment in Flux Marine being led by Ocean Zero LLC, a fund created by TED Conferences head Chris Anderson and technology editor Stephen Petranek. Flux Marine is based in Rhode Island and was started by Ben Sorkin, Daylin Frantin and Jon Lord coming out of an engineering project Sorkin led at Princeton University. Their electric outboard received grants from The National Science Foundation, the US Air Force and the Massachusetts Clean Energy Center and went on to win th Electric Boat Association of America’s Wye Island Challenge in 2019 and two awards in the Best New Product at the 2021 Newport International Boat Show: “Best Green Product ” and “Best New Boating Operation, Maintenance or Safety Product.”

Flash Battery closes an outstanding 2021

Flash Battery, Italy-based specialist in lithium batteries for industrial machines and electric vehicles, announced that revenues for 2021 amounted to €17.3 million, up 25% on the previous year. With 2020 having seen a 5% growth in revenues despite a slowdown in production in the first half of the year due to the Covid-19 pandemic, in 2021 the company also registered a significant increase of 16% in new hires, bringing the total number of employees to 65, more than a third of whom are involved in R&D activities.