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 news, environment, venture capital, autos, general motors co, boating, technology, climate,
Source: https://www.cnbc.com/2021/11/22/gm-takes-a-stake-in-electric-boating-start-up-pure-watercraft.html