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GM takes a stake in electric boating start-up Pure Watercraft - TL;DR CNBC

GM takes a stake in electric boating start-up Pure Watercraft

Publishing timestamp: 2021-11-22 16:36:23


Summary

General Motors acquires 25% stake in Pure Watercraft, a Seattle start-up that makes fully electric outboard motors for boats. This move aligns with GM's commitment to electrification and allows them to become a supplier to Pure Watercraft. The investment is part of GM's strategy to expand its battery and fuel cell systems beyond automotive applications.


Sentiment: POSITIVE

Tickers: GM

Keywords: business newsenvironmentventure capitalautosgeneral motors coboatingtechnologyclimate

Source: https://www.cnbc.com/2021/11/22/gm-takes-a-stake-in-electric-boating-start-up-pure-watercraft.html


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