About Pure Watercraft
Pure Watercraft is a company based in Seattle (United States) founded in 2011 by Andy Rebele.. Pure Watercraft has raised $67.66 million across 6 funding rounds from investors including General Motors, L37 and Jeff Wilke. The company has 52 employees as of December 31, 2021. Pure Watercraft offers products and services including Pure Pontoon, Pure Highfield, Pure Highfield 360, Pure Highfield 380 GT, and Pure Highfield Sport 420. Pure Watercraft operates in a competitive market with competitors including Arc Boats, Saildrone, Fleetzero, Sceye and Vision Marine Technologies, among others.
- Headquarter Seattle, United States
- Employees 52 as on 31 Dec, 2021
- Founders Andy Rebele
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pure Watercraft Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$67.66 M (USD)
in 6 rounds
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Latest Funding Round
$5.08 M (USD), Series B
Apr 15, 2024
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Investors
General Motors
& 2 more
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Employee Count
52
as on Dec 31, 2021
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Products & Services of Pure Watercraft
Pure Watercraft offers a comprehensive portfolio of products and services, including Pure Pontoon, Pure Highfield, Pure Highfield 360, Pure Highfield 380 GT, and Pure Highfield Sport 420. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electric pontoon for fast and quiet recreational boating experiences.
Versatile electric boat designed for simple and efficient water activities.
Advanced electric boat model offering enhanced maneuverability and performance.
High-speed electric boat focused on quiet operation and user-friendly features.
Sporty electric boat for dynamic recreational and adventure boating.
Electric outboard motor providing simple and reliable propulsion solutions.
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Funding Insights of Pure Watercraft
Pure Watercraft has successfully raised a total of $67.66M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $5.08 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $5.1M
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First Round
First Round
(02 Nov 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series B - Pure Watercraft | Valuation |
investors |
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| Apr, 2022 | Amount | Series B - Pure Watercraft | Valuation |
investors |
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| Nov, 2021 | Amount | Series A - Pure Watercraft | Valuation | General Motors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pure Watercraft
Pure Watercraft has secured backing from 3 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include General Motors, L37 and Jeff Wilke. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Global automotive company
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Founded Year | Domain | Location | |
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JW
Jeff Wilke |
Former Amazon executive, angel investor, focused on tech and innovation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pure Watercraft
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pure Watercraft
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pure Watercraft Comparisons
Competitors of Pure Watercraft
Pure Watercraft operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Arc Boats, Saildrone, Fleetzero, Sceye and Vision Marine Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric ships are designed and manufactured using marine-grade aluminium.
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| domain | founded_year | HQ Location |
Developer of autonomous unmanned surface vehicle
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| domain | founded_year | HQ Location |
Modular electric cargo ships are built by Fleetzero in Houston.
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| domain | founded_year | HQ Location |
Solar-powered high-altitude airships are provided for connectivity and imaging.
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| domain | founded_year | HQ Location |
Developer of electric boats
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pure Watercraft
Frequently Asked Questions about Pure Watercraft
When was Pure Watercraft founded?
Pure Watercraft was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is Pure Watercraft located?
Pure Watercraft is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Pure Watercraft?
Andy Rebele is the current CEO of Pure Watercraft. They have also founded this company.
Is Pure Watercraft a funded company?
Pure Watercraft is a funded company, having raised a total of $67.66M across 6 funding rounds to date.
How many employees does Pure Watercraft have?
As of Dec 31, 2021, the latest employee count at Pure Watercraft is 52.
What does Pure Watercraft do?
Pure Watercraft was founded in 2011 in Seattle, United States. Electric boats are manufactured by the company, which also develops plug-and-play outboard motors. Control and management of these products occur through mobile applications. Features provided include integrated throttles, Bluetooth connectivity, remote management, trip maps, statistics, historical routes, and speed monitoring. Operations center on the marine sector with a focus on electric propulsion systems.
Who are the top competitors of Pure Watercraft?
What products or services does Pure Watercraft offer?
Pure Watercraft offers Pure Pontoon, Pure Highfield, Pure Highfield 360, Pure Highfield 380 GT, and 2 more products and services.
Who are Pure Watercraft's investors?
Pure Watercraft has 3 investors. Key investors include General Motors, L37, and Jeff Wilke.
What is Pure Watercraft's valuation?
The valuation of Pure Watercraft is $600M as of Nov 2021.