Skip to main content
Publish date:

Pure Watercraft Secures $37.5 million in Series A Funding

Author:
1_Pure_Watercraft

Seattle-based e-propulsion company Pure Watercraft announced that it secured $37.5 million in Series A funding that will allow it to expand its offerings.

“Investors and consumers alike appreciate electric boating innovation like never before,” CEO Andy Rebele said in a statement. “This investment will help us grow our team and deliver game-changing products … to meet growing demand.”

2_Pure_Watercraft

The funding round was led by venture capital and private equity firm L37. Managing partner Randall Ussery will join Pure Watercraft’s board of directors.

“We are inspired by Pure Watercraft's vision for the future of electric boating and their progress redefining the entire customer experience, starting with the largest, most popular power class globally,” Ussery said. “We're thrilled to invest in a company whose significant innovations, capabilities and efficiency can also be applied in other powersports categories where electrification has lagged.”

3_Pure_Watercraft

Last year, Pure Watercraft teamed with Highfield RIBs to provide electric propulsion packages, and developed an electric Tracker bass boat and Sun Tracker pontoon.

Related

Sudbury Names Martin Flory Group Agency of Record

The Peabody, Mass., boat-care products company has hired the public-relations firm to enhance market positioning of the company and its subsidiaries.

Technohull Opens New Shipyard

The Greek high-performance RIB manufacturer moves operations to a purpose-built,129,000-square-foot facility.

Yamaha Rightwaters Supports N.Y. Oyster Restoration

The Billion Oyster Project in New York Harbor aims to bring back bivalves to the mouth of the Hudson River and one of the country’s busiest harbors.

Zeelander Names New CEO

Marine industry veteran Grant Hooper is appointed CEO of Zeelander Yachts.

AIM Marine Group Hosts Meet the Editors Event

More than a dozen editors from Active Interest Media’s Marine Group participated in the day-long, information-sharing event.

Fairline Makes Leadership Appointments

The British luxury boatbuilder founded plans to chart its course for the future with a new CEO and the return of Derek Carter as chairman.