- Established in 2011 in Seattle, Pure Watercraft continues to remain a private company.
- So far, Pure Watercraft has reportedly raised US$ 189.6 million through different funding rounds.
- General Motors announced investing US$ 150 million in Pure Watercraft, potential investors are searching for the company's public debut plans.
The General Motors Company (NYSE:GM) announced on Monday, November 22, that it has bought a 25 per cent stake in the electric boat startup Pure Watercraft.
Notably, General Motors will offer US$ 150 million through cash and payment-in-kind for the deal. Pure Watercraft is reportedly valued at around US$ 600 million, and it makes electric motors for boats that are powered by lithium-ion batteries.