GM buys 25% stake in electric boat startup Pure Watercraft - NewsBreak

Home > Business
By Austine in Business
Updated 2 years ago

Nov 22 (Reuters) - Top U.S. automaker General Motors Co (GM.N) has bought a 25% stake in Pure Watercraft, valuing the electric boat startup at $600 million, the companies said on Monday. GM is offering $150 million in a combination of cash and payment-in-kind, which includes access to the automaker's...