Electric boat engine specialists Torqueedo are now under the Yamaha Motor umbrella, as Marine Industry News reports.

The deal with German company DEUTZ AG to acquire all of Torqueedo’s shares now positions the Japanese giant to become a market leader in electric propulsion — as well as assist its efforts to achieve carbon neutrality in the marine industry.

Torqueedo was founded in Germany in 2005 as a response to strict regulations on the use of internal combustion engines on Lake Starnberg in Bavaria.

It recently updated its original range of electric outboard motors, adding to a range that features inboard propulsion systems, batteries and more, as well as a significant R&D division with various patents in electromobility.

Marine Industry News has more on the story HERE.