Andrew Rebele
Andrew Rebele is the Founder and CEO at Thallios and also serves as Founder at Pure Watercraft. He previously founded Pure Watercraft, which has closed, and is currently leading Thallios.
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.
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.
GeekWire Awards Launch Sustainable Innovation Category Featuring Five Pacific Northwest Finalists, Winners Announced May 18
GeekWire Awards introduced a new Sustainable Innovation of the Year category highlighting five Pacific Northwest companies developing technologies to protect the planet, with winners announced on May 18. Public voting is open until May 1 for finalists including Eviation, Membrion, Pure Watercraft, Recompose, and Zap Energy.
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.
Organizations
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Pure Watercraft Executive Officer, Director, Promoter 2017–present, Founder · current
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Thallios Founder and CEO · current
