Anchors Aweigh

It is an incredibly exciting time in the boating industry. We have seen two years of record sales, dealers are selling production slots because they can’t get inventory fast enough, more Americans than ever are enjoying time on the water with family and friends, and the pace of innovation continues to accelerate which is providing a better and more frictionless boating experience. Within the innovation category, electric propulsion is experiencing an influx of investment, and new motor options are steadily hitting the market. General Motors recently invested $150 million into Pure Watercraft. ePropulsion just announced a Series B raise in the tens of millions of dollars. Arc electric boats has raised over $30 million with investors including actor Will Smith, music mogul Sean Combs, and NBA superstar Kevin Durant. Torqeedo continues to impress, recently winning METSTRADE’s Boat Builders Award in collaboration with Groupe Beneteau’s Excess brand and mobility technology company ZF. I enjoyed speaking recently w