Advanced Marine Electric Propulsion is seeking funding to build tooling and inventory, advertising, and staff. We manufacture electric motors to replace inboard auxiliary engines. Sailboat engines are expensive to maintain and repair, noisy and smelly to operate. Our motor is silent, odorless, and service-free. Our first prototype was installed in 2006.
We have over 30 beta units installed worldwide with zero failures. Penetration of 1.5% of the market will generate $5,000,000 per year profit.