Question · Q3 2023
Asked about the timeline and status of the partnership with Polaris, the potential market size for selling kits for their pontoon models, and whether the company is pursuing similar deals with other manufacturers.
Answer
The relationship with Polaris is strong and ongoing, with continued prototyping and iteration on their boat models. The company is in a good position but cannot speak to Polaris's exact timeline. While not providing specific sales figures for Polaris, the executive offered a hypothetical calculation for the opportunity size based on a percentage of Polaris's annual sales and a $50,000 kit price. The company confirmed it is in discussions with other boat manufacturers to sell its electric propulsion kits.