Pure Watercraft
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
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.
Seattle's Zin Boats Unveils 37-Foot Electric Z11 Tender for Ultra-Rich Megayacht Owners
Seattle-based Zin Boats has developed the 37-foot Z11 electric tender, a high-speed, powerful vessel with advanced battery technology designed to shuttle wealthy clients to megayachts like the hydrogen-powered Project 821. The Z11 serves as a technological platform for various boat styles, showcasing innovations including 400kWh energy storage and joystick steering.
Pacific Northwest Startups in GeekWire Awards Finalize Sustainable Innovations Tackling Carbon, PFAS, and Waste Chemicals for 2024
The 2024 GeekWire Awards Sustainable Innovation finalists include Pacific Northwest startups developing technologies to address environmental issues such as PFAS contamination, carbon removal, and eco-friendly chemicals. Winners will be announced on May 9, with community voting open until April 12.
Zin Boats Raises $1.275 Million to Relaunch High-Performance Electric Speed Boats in 2024
Zin Boats, a Seattle-based electric speed boat company, overcame pandemic challenges and raised $1.275 million in seed funding to advance its electric boating technology and prepare for a significant 2024 relaunch. The company aims to compete in the growing electric boating market with its high-performance, zero-emission boats.
Aigen Raises $12 Million to Scale Solar-Powered Farm Robots and Expand U.S. Presence in 2024
Seattle-area agtech startup Aigen raised $12 million led by ReGen Ventures to scale production of its solar-powered weed-destroying farm robots and expand across U.S. farms. The company plans to build 70 robots in a new Redmond facility and open a hub in Fargo, N.D., while leveraging AI to improve weed identification and data services.
Aigen Secures $12 Million to Scale Solar-Powered AI Weed-Thumping Robot for Farms
Aigen, a Kirkland-based ag-tech startup co-founded by Rich Wurden and Kenny Lee, raised $12 million to advance its solar-powered robotic weed-thumper, the Aigen Element, which uses AI and computer vision to aid sustainable, labor-saving farming. The startup aims to help farmers reduce carbon emissions and costs through continuous, renewable-powered operations and real-time crop data delivered to mobile apps.
Aigen raises $4M seed from NEA to build solar‑powered, AI robots that remove weeds and regenerate soil
Aigen, a Kirkland, Washington ag‑tech startup building solar‑powered, AI-driven robots that autonomously identify and remove weeds while aiding soil regeneration, raised $4 million in seed funding led by NEA. The two‑founder company—Rich Wurden and Kenny Lee—has five employees, is testing prototypes with Idaho sugar beet farmers, and plans alpha then beta trials through 2023.
Pure Watercraft unveils 24-foot electric pontoon at CES after GM buys 25% for $150M
Pure Watercraft unveiled a 24-foot all-electric pontoon boat at CES 2022 as the first product from its new partnership with General Motors, which bought a 25% stake for $150 million; the boat uses Pure outboard motors with a GM battery pack up to 66 kWh and starts at about $45,000–$60,000. The company is taking pre-orders and highlights a top speed of 23 mph, 10-person capacity, and a focus on efficiency and market opportunity in pontoon boating.
Pure Watercraft raises an extra $14M, Series A reaches $37.5M to scale electric outboard motors
Seattle-based Pure Watercraft raised an additional $14 million, bringing its Series A to $37.5 million to scale production of its electric outboard motor and lithium-ion battery system targeting general availability in early 2021.
Pure Watercraft raises $23.4M Series A from L37 Ventures to commercialize electric outboard motors
Pure Watercraft, a nine-year-old Seattle startup led by CEO Andy Rebele, raised $23.4 million in a Series A led by L37 Ventures to scale production and move its electric outboard motor from beta to general availability amid rising U.S. boating demand. The company aims to capitalize on a boating boom driven by increased participation and pandemic-era interest from first-time and younger buyers.
People
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Andrew Rebele Founder, Executive Officer, Director, Promoter
