ePropulsion Hits 200 Percent Sales Growth in 2021

ePropulsion, a leader and in marine electric propulsion systems and services, announced record sales revenue growth in 2021 and forecasts a strong outlook for 2022. 

Sales revenue increased 200 percent year-over-year in 2021, with over 15,000 units sold globally. The company estimates a further 100 percent growth rate in 2022 as more boat owners look to switch to more sustainable boating and convert to electric propulsion systems. 

The United States, U.K, and Germany are the leading countries in sales, with the leisure marine sector accounting for the majority of sales.

“ePropulsion’s development continues with investment in ongoing innovation, R&D, and product and personnel development to help us retain the best talent, produce successful and well-received products, and play our part in contributing to the global mission to reach zero carbon emissions” said Danny Tao, CEO of ePropulsion. “Demand for electric propulsion is spurred by conscientious boaters who want to transition to a more sustainable way of boating. To support this demand, industry-wide developments will be required, such as widespread electric charging networks. If we are to make the switch to greener, more sustainable boating a reality, the number of marinas with charging infrastructure needs to increase significantly, with more charging points at each marina. This will facilitate a faster transition to electric propulsion. We need stakeholders, including electric boat manufacturers, power solution companies, marinas and policymakers to work together to bring about change.” 

Tao continued, “These apps and resources will provide users with everything from real-time information on charging point availability, specifications and price, to offering the option to pre-book a charger prior to arrival and pay afterwards. The development of these solutions will enable long-distance boaters to plan their trips more effectively, as well as helping more local boaters to find charging points should the need arise.” 

The company also predicts that a development of battery technology will contribute to the advancement of electric propulsion. “The industry will progress, and electric propulsion will be better placed to fulfill boaters’ needs across a wide variety of applications with the development and improvement of batteries. We hope that with this increased demand and development of technology, the transition to electric boating will become more affordable.” 

‍ePropulsion launched a brushless direct-drive electric outboard motor and offers a portfolio of 1 – 6kW outboard engines across its product line.