Tectrax, Zerojet to merge as electric powerhouse
Marine tech companies will go faster together, says venture capital backer Movac.
Zerojet specialises in electric jet and outboard propulsion systems for superyacht tenders.
Marine technology companies Tectrax and ZeroJet are to merge in a deal combining investments held by venture capital firm Movac’s Fund V.
Both Auckland-based companies specialise in electric systems – Tectrax for amphibious boats and ZeroJet for propulsion.
Movac partner Mark Stuart, who serves
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