Canadian electric PWC manufacturer Taiga Motors has been sold to UK entrepreneur Stewart Wilkinson.
Wilkinson and his subsidiaries own electric propulsion and charging companies including Vita, Evoy, and Aqua superPower.
Taiga Motors represents one of Canada's most forward-thinking marine companies and was responsible for getting the first electric PWC to market. The company went public with investor backing in 2021.
They launched the Taiga Orca in 2022. The high-performance electric PWC boasts a 120 kW motor pushing 160 horsepower with a top speed of 104 km/h (55 knots) and a range of 45 km or roughly 2 hours of operation.
The deal will see Wilkinson acquire most of the Taiga business and its subsidiaries.
“We are excited to support the evolution of Taiga,” said Wilkinson in a press release. “Sam and his team have built great products and technology in challenging financial markets. The world urgently needs low carbon solutions for all forms of mobility. This transaction will allow us to continue building the best technology, team and products to propel the industry forward.”
According to the release, the purchase by Wilkinson the "strategic move positions Taiga to leverage significant resources, technologies and a newly combined global footprint to continue driving the adoption of electric vehicles beyond the road, ensuring a sustainable future for recreational and commercial activities in both marine and powersport sectors."
By combining the existing technology of Taiga with that of Evoy, Aqua superPower, and Vita, Wilkinson plans to create an end-to-end ecosystem for electric propulsion products that will have broad appeal across both the recreational and commercial markets.
"We founded Taiga with the mission to make sustainable recreation accessible to everyone," said Samuel Bruneau, the CEO and co-founder of Taiga.
"Over the past years, we developed and built what no other manufacturer was willing or able to achieve - the foundational technology required to drive mass market adoption. This business combination now gives us the scale and resources needed to deliver on our vision. By combining Taiga's technology and mass production expertise with the group’s leading position in marine electrification, we will achieve greater economies of scale to deliver high-performance products at compelling prices to accelerate the electric transition."
Evoy Motors has a strong relationship with Axopar in Europe, with Axopar having purchased a 10% stake in the company and utilizing Evoy electric outboards on their new AX/E boat brand.
Aqua superPower develops electric boating infrastructure and has played a key role in development of electric boating viability in Europe and Canada. Their chargers were allocated to represent the foundation for an electric charging gridwork in Ontario and Quebec, while in Europe they partnered with Canadian and UK companies to develop a 'vessel-to-grid' (V2G) infrastructure for commercial vessels crossing the Atlantic.
Vita recently partnered with boutique carmaker Maserati to develop the 600 hp electric yacht tender, the Tridente.
Terms of the deal were not disclosed.
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