Pure Watercraft Secures $37.5 million in Series A Funding

Publish date:

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.”


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.”


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


NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.