Pure Watercraft
Pure Watercraft develops electric outboard motors and boats for boating enthusiasts and the marine industry. Its products aim to provide efficient, environmentally friendly alternatives to traditional gasoline-powered marine propulsion.
Facts
- HQ
- Seattle, Washington, USA
- Sectors
- Electric boating, Marine propulsion, Transportation, Clean technology
- Stage
- null
- Total raised
- $67.7M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $5.1M · Apr 2024 SEC Form D
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Aurelia Boat Club Launches in Seattle Using Acquired Assets From Failed Pure Watercraft
Aurelia Boat Club has launched in Seattle using assets acquired from the defunct Pure Watercraft, aiming to offer a quieter, cleaner, and more affordable electric boat club experience. Co-founded by former Pure executives Danylo Kurgan and Mrugesh Desai, Aurelia seeks to disrupt traditional gas-powered boat clubs on Seattle waterways.
Pure Watercraft, GM-Backed Electric Boat Startup, Enters Receivership and Liquidates Assets After $150M Investment
Seattle-based electric boat company Pure Watercraft, backed by General Motors, entered receivership on July 19, 2023, and is currently liquidating assets to satisfy creditors while shutting down major operations. Despite Pure's financial failure, industry insiders remain optimistic about the electric boating market.
GM-Backed Electric Boat Startup Pure Watercraft Enters Receivership, Selling Assets in 2023
Pure Watercraft, a Seattle-based electric boating startup backed by General Motors, entered receivership in July 2023 and is selling its assets amid financial struggles. The company raised $37 million, including a $150 million investment from GM, which held a 25% stake and valued Pure Watercraft at $600 million in 2021.
People
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Andrew Rebele Founder
