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General Motors is investigating the h2o successful electrical boating by buying a 25% involvement successful a Seattle institution that makes battery-powered outboard motors.
The Detroit automaker said Monday that it bought the involvement successful Pure Watercraft for a task that it says volition make and commercialize artillery electrical watercraft.
Pure Watercraft, founded successful 2011, is worthy $600 cardinal aft the GM deal, spokesperson Gabe Johnson said. The companies are not disclosing the size of GM's investment, but said it includes currency and in-kind contributions.
Privately held Pure Watercraft makes an electrical outboard propulsion strategy powered by a lithium-ion battery. It's designed arsenic a drop-in replacement for immoderate vessel with a state outboard motor from 25 to 50 horsepower. The company besides works with vessel manufacturers to merchantability implicit boats, according to its website.
The 2 companies volition harvester Pure Watercraft's marine acquisition with GM's engineering, supply chain and manufacturing capabilities, the automaker said successful a prepared statement.
"This associated effort with GM is expected to alteration america to marque important technological advancements successful scope and charging, portion achieving volume production," Pure Watercraft laminitis and CEO Andy Rebele said.
The woody gives GM an accidental to usage its electrical exertion successful different manufacture beyond automotive, said Dan Nicholson, vice president of planetary electrification. "The combined expertise of these 2 enterprises should effect successful aboriginal zero-emissions marine merchandise offerings," Nicholson said.
GM already is moving connected electrification and hydrogen powered vehicles successful the rail, motortruck and aerospace industries.
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