— 08/29/22 Newport Electric Boats LLC is accepted into Newchip’s Accelerator

Newport Electric Boats, LLC, has been chosen for Newchip’s Intensive Global Pre-Seed Accelerator Program.

Costa Mesa, CA, August 29th 2022 — Newport Electric Boats LLC manufactures inboard electric propulsion systems that produce zero emissions, are maintenance free, and quiet.

NEB was accepted into Newchip’s renowned global accelerator program. Designed to provide all the skills and tools founders need to rapidly fund, build and scale their companies, past accelerator cohorts averaged more than 17.5 times the average funding amount. The equity-free, fully digital accelerator has helped over 1,500 founders from more than 50 countries and 250 cities raise over $450 million in funding with an estimated portfolio of over $9B.

Newport Electric Boats LLC, is an electric propulsion systems manufacturer, producing zero emissions drive systems for small watercraft. Founded by Walt White, experienced

entrepreneur, systems engineer, and sailor. NEB is on a mission to help protect the marine environment from fossil fuel emissions by helping the transition of small watercraft to use battery-electric propulsion. Company website https://NewportElectricBoats.com

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