Pure Watercraft, the Seattle-based makers of an electrical outboard motor system designed to revolutionize leisure boating, has added $14 million in further funding to a spherical that was initially introduced in September.
When GeekWire met this fall with founder and CEO Andy Rebele for a ship journey on the firm’s Lake Union headquarters, Pure had pulled in $23.4 million. However a brand new Securities and Alternate Fee submitting posted Wednesday exhibits that the corporate has raised a complete of $37.5 million within the Collection A spherical.
The 9-year-old startup is working to scale its operations and transfer to basic availability of a motor and lithium ion battery mixture that will substitute conventional gas-powered outboards.
The funding was led by L37 Ventures, a San Francisco enterprise capital agency, and Pure Watercraft counts Amazon Worldwide Client CEO Jeff Wilke as an investor.
Insurgent stated in September that the primary manufacturing items, which have been obtainable for pre-order for years, might be out within the first a part of 2021, priced at $6,000 for the motor, $8,500 for the battery and $2,000 for a charger.