Canadian based ACEL Power has received what it calls a ‘landmark’ agreement for 1,000 electric propulsion units from a Chinese boatbuilder.
The two companies have signed a binding Letter of Intent committing Gospel Boat to purchasing the propulsion units over the next five years.
Gospel produces 1,400 boats annually — including pontoons, pro-fishers, catamarans, and center cabins — and is to electrify its product line, starting with at least 10% of its boats using electric propulsion in the first year and growing to 20% by the fifth year.
The first batch of electric boats is slated for export by mid-2025.
“We are excited to partner with ACEL Power to lead this transformation in the marine industry,” said Jack Li, Gospel Boat MD. “Innovation is the future of boating, and this collaboration is key to redefining sustainable marine experiences worldwide.”
This partnership highlights our shared commitment to sustainability and innovation.
Anthony Liu
Anthony Liu, CEO of ACEL Power, added: “This partnership highlights our shared commitment to sustainability and innovation.
“At ACEL, we’re electrifying the marine industry, driving digital transformation, and creating seamless user experiences.”
The motors to be delivered will be ACEL Power’s Intelligent Electric Series, launched in 2024 which includes the IE50 (50hp) and IE75 (75hp) models.
These systems feature electric outboards, battery packs, intelligent power supply, smart chargers, digital throttles, and onboard computers.
The system has 95.8% powertrain efficiency and AC/DC fast-charging capabilities, with real-time performance monitoring through proprietary software.
Founded in Qingdao, China, Gospel Boat specialises in the design, manufacturing, and export of premium aluminum boats.
ACEL Power, headquartered in Vancouver, Canada, manufactures electric outboard propulsion systems.
The company’s 50 and 75hp models are currently available in the market with 150hp and 250hp outboards set for release in 2025.
