ACEL Power, an electric boat outboard manufacturer, has raised $10 million in funding to accelerate sustainable marine transportation.
The oversubscribed round was led by Tau Capital. The investment will help ACEL Power expand its production capabilities from existing 50 and 75 horsepower motors to higher power 150 and 250 horsepower options.
As market demands shift toward sustainability, this patented tech offers boaters more environmentally friendly options. ACEL offers solutions for both recreational and commercial boating.
