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By 1900, electric-powered pleasure boats outnumbered [citation needed] the combined number of boats powered by steam and explosive engines (as gasoline-powered motors were called). [citation needed] By 1910, the advantages of the range and power of gasoline came to dominate the market and Elco converted to motor boats. [5]
Arc Boat Company (Arc) is an American electric boat company based in Los Angeles, California, specializing in high-performance, all-electric watercraft.Since its founding in 2021, Arc has raised over $100 million in funding from notable investors, including Andreessen Horowitz, Eclipse Ventures, Menlo Ventures, and celebrities like Will Smith and Kevin Durant.
In August 2018, Brunswick Corporation acquired Power Products – Global Marine & Mobile business, which includes the global marine, specialty vehicle, mobile, industrial power, and transportation aftermarket products businesses of Power Products, for $910 million in cash from San Francisco-based private equity firm Genstar Capital.
Crest Marine LLC is a boat manufacturer in Owosso, Michigan which makes Crest Pontoons. The pontoon boats were originally built by Maurell Products, whose owner Maurice Schell ran the company for almost 50 years. [1] [2] In 2010 the company was purchased by a small group of Detroit, Michigan-based investors who renamed the business Crest Marine ...
An electric boat is a powered watercraft driven by electric motors, which are powered by either on-board battery packs, solar panels or generators. [ 1 ] While a significant majority of water vessels are powered by diesel engines , with sail power and gasoline engines also popular, boats powered by electricity have been used for over 120 years.
The Brunswick Boat Group is an American pleasure boat manufacturer. Headquartered in Knoxville, Tennessee , United States , it is the largest maker of such craft in the world. Net sales were US$ 1.7 billion in 2008, [ 2 ] and US$ 1.0 billion in 2012.