Skip to main content

Yanmar partners with boat rental company

Yanmar has made a strategic investment in San Francisco-based boat rental company GetMyBoat

             GetMyBoat has listings for a variety of different boats available for rental.   

             GetMyBoat has listings for a variety of different boats available for rental.   

The investment includes funding and a strategic partnership between marine engine provider Yanmar Marine International and GetMyBoat.

GetMyBoat, which was launched in 2013, has over 108,000 boat rental listings in 184 countries, and more than 9,300 locations.

The company brings all types of water experiences to renters and allows boat owners to list every type of boat and watercraft for rent, from powerboats and sailboats to kayaks and jet skis.

This is the first time the company has raised outside capital.

As part of the strategic partnership, Yanmar Marine International president Shiori Nagata will join the GetMyBoat board of directors.

The investment will be used by GetMyBoat to further strengthen its leading market position in the United States, to accelerate expansion in both Europe and Asia, and to further grow the platform services for boat owners and renters.

“Against the aging population of boat buyers and boat owners, and the trend that more and more people prefer access to experiences, rather than ownership, boat sharing has huge potential to engage new audiences with boating and to grow the industry,” said Nagata in a statement.

“As part of our search for the most innovative on-demand sharing-economy platform, GetMyBoat, the world’s largest and fastest growing marketplace for boat rentals and water experiences, was clearly our partner-of-choice,” she said. “Yanmar and GetMyBoat are perfect industry partners to facilitate allowing more people to experience the water and to explore the future of global recreational marine.”

GetMyBoat CEO and cofounder Sascha Mornell said his company is excited about the partnership with Yanmar. “Yanmar is a global company with a long heritage and a strong brand name in the recreational marine industry,” he said. “We are grateful that such a Company recognized the market leadership of GetMyBoat, invested in accelerating our growth and shares our mission to help people, anywhere in the world, to experience the water in a fun and safe way.”

Related

1_LIMESTONE

Limestone Secures Financing for Expansion

The company said the $6 million in credit will be used to improve its Tennessee manufacturing facility and buy new equipment.

1_MCKENZIE

Mastry Marine Names Repower Center

St. Augustine, Fla.-based McKenzie Marine is the engine distributor’s latest designated Suzuki Repower Center.

1_VANDERBILT

Vanderbilt Ships First Pontoon

The company said the 700T Series was the first model shipped from its new Fort Wayne, Ind., factory and was delivered to The Marina in Angola, Ind.

1_CHIPS.ACT

NMMA Celebrates CHIPS Act

The legislation aims to return semiconductor manufacturing to the U.S. and allows businesses to deduct R&D costs in the same year they are incurred.

1_COX

Cox Marine Hires Sales and Support Staff

The diesel outboard builder this week brought aboard a new regional sales director, regional sales manager and an aftersales manager.

1_DEALEROUTLOOK

Boating Interests Lose Wind Farm Battle

The Ohio Supreme Court has ruled that a proposed wind farm off the Cleveland, Oh., waterfront meets planning requirements.

1_INFLATION.JULY

July Inflation Data Lags June

Consumer Price Index results may indicate that inflation has peaked, and Producer Price Index data was below market expectations.

1_YAMAHA

Yamaha Posts Higher Sales, Profit

The company’s first half 2022 net sales increased to $1.93 billion, and segment income rose to $330 million.