ACEL Power Inc. has signed a landmark agreement with Gospel Boat, a leading Chinese boat manufacturer known for craftsmanship and innovation, to advance electric propulsion solutions in the marine industry. Gospel, producing 1,400 boats annually—including pontoons, pro-fishers, catamarans, and center cabins—takes a significant step toward sustainability with this partnership.
Aligned with global zero-emissions initiatives, Gospel has committed to purchasing 1,000 electric propulsion units from ACEL over five years under a binding Letter of Intent.
A Clear Roadmap to Sustainability
Gospel has outlined a plan 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. This initiative reflects Gospel’s commitment to sustainability, meeting the demands of eco-conscious consumers and regulations in Europe, Australia, and North America. The first batch of electric boats is slated for export by mid-2025.
A Vision for a Cleaner Future
“We are excited to partner with ACEL Power to lead this transformation in the marine industry,” said Jack Li, Managing Director of Gospel Boat. “Innovation is the future of boating, and this collaboration is key to redefining sustainable marine experiences worldwide.”
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.”
