General Motors purchased a 25% stake in the electric boat engine maker as part of a $35bn electrification technology drive.

Automotive manufacturing conglomerate General Motors (GM) paid an amount reported by CNBC to be $150m for a 25% stake in electric boat motor manufacturer Pure Watercraft, inclusive of cash and in-kind commitments. Founded in 2011, Pure Watercraft develops and builds electric motors for watercraft and maritime vehicles it claims have lower operating costs and maintenance…

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