ACEL Power and Petawatts Partnership Overview
Partnership Announcement
ACEL Power, a Vancouver-based company specializing in electric outboard motors, has formed a strategic partnership with Petawatts, a company focused on electrifying classic boats and recreational vehicles (RVs). This collaboration aims to revolutionize electric leisure boating across the Okanagan region of British Columbia.
Goals of the Partnership
Electrification of Leisure Boating
The partnership seeks to enhance the availability and performance of electric leisure boats, making them more accessible to consumers in the Okanagan.
Sustainability
By promoting electric boating, the initiative aims to reduce the environmental impact associated with traditional gasoline-powered boats, contributing to cleaner waterways and a more sustainable recreational boating experience.
Technological Innovations
Electro-Fitting Services
Petawatts will provide services to convert classic boats and RVs to electric power, utilizing ACEL Power's advanced electric outboard motors. This process, referred to as "electro-fitting," allows for the modernization of older vessels while maintaining their classic appeal.
Battery Technology
ACEL Power is known for its innovative battery technology, which is crucial for the performance and efficiency of electric outboard motors. The partnership will leverage this technology to enhance the boating experience.
Market Impact
The partnership is expected to stimulate the local economy by creating jobs in the electric boating sector and attracting tourism to the Okanagan, known for its beautiful lakes and outdoor recreational activities. It aligns with broader trends in the marine industry towards electrification and sustainability, responding to increasing consumer demand for eco-friendly recreational options.
Additional Information
Funding and Growth
ACEL Power recently closed an oversubscribed Series A funding round, raising significant capital to support its growth and innovation in electric marine technology. This funding will help scale production and expand the reach of its electric outboard motors.
Community Engagement
The partnership emphasizes community involvement and aims to educate local boaters about the benefits of switching to electric propulsion.
References
- ACEL Power and Petawatts partnership to revolutionize electric leisure boating across the Okanagan - EIN News
- Petawatts arrived to Vernon to electro-fit classic boats and RVs
- ACEL Power Reveals an Oversubscribed Series A Round to Fuel Electrification of Boats
This partnership represents a significant step towards a more sustainable future for recreational boating in the Okanagan, combining innovation with environmental responsibility.