Pure Watercraft
Latest round
- Series A
Last raised
- Jan 2021
Total raised
- $38M
Investors
- 2
About Pure Watercraft
Pure Watercraft, Inc.Founded in 2011 in Seattle, US, Pure Watercraft, Inc. designs and manufactures electric pontoon boats powered by their proprietary Pure Outboard systems. The company, under the leadership of CEO Andy Rebele, has completed 4 deals to date, with a significant pivot towards electric solutions driven by market demand. In November 2021, General Motors Co. acquired a 25% stake in the company for USD 150 mn.Pure Watercraft specializes in the development and manufacturing of electric pontoon boats powered by their proprietary Pure Outboard systems. Their flagship product, the Pure Pontoon, is designed for comfort and efficiency, offering options for single or twin outboard configurations. These boats deliver a seamless cruising experience, featuring integrated technology that includes a companion smartphone app for real-time diagnostics and updates. The targeted end users are recreational boaters looking for a sustainable and quiet alternative to traditional gas-powered boats.Pure Watercraft generates revenue through direct sales of their pontoon boats and associated products, with pricing starting at USD 75,000 for single-outboard models and USD 95,000 for twin-outboard models. The company utilizes a pre-order system that allows customers to place refundable deposits, securing their order and indicating strong interest before finalizing the transaction. This model fosters a direct-to-consumer relationship, allowing Pure Watercraft to engage with individual customers rather than relying on a network of retailers or wholesalers. The company is currently designing new electric boat models and aims to launch these products in the next 18 months. Additionally, Pure Watercraft is looking to penetrate new markets, particularly in Europe and Asia, by the end of 2023. will support the development of these products and facilitate entry into these new regions.
Who invested in Pure Watercraft
2 investors across 3 rounds
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Questions about Pure Watercraft
Who invested in Pure Watercraft?
Pure Watercraft has 2 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Pure Watercraft raised?
Pure Watercraft has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Pure Watercraft last raise money?
Pure Watercraft's most recent round on record is a Series A, in Jan 2021.
What does Pure Watercraft do?
Pure Watercraft is a ship building & repair company.
Where is Pure Watercraft headquartered?
Pure Watercraft is headquartered in Seattle, US.
Which VCs invest in companies like Pure Watercraft?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back ship building & repair companies at Pure Watercraft's stage. Their profiles are linked below.
VCs backing ship building & repair startups at Series A
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