Forza X1 Partners With OneWater Marine For Electric Sports Boat Distribution

  • Forza X1 Inc FRZA has entered into a strategic partnership with premium marine retailer OneWater Marine Inc ONEW to create a distribution channel for its integrated electric sports boats.
  • Under the terms of the agreement, OneWater and Forza X1 will provide customers with a multi-channel opportunity to design, order, finance, and track their Forza X1 boat purchases.
  • The customers can use Forza's web and app platform or kiosks at one of OneWater's 96 retail locations to make their boat purchase.
  • OneWater operates a total of 96 retail locations, 10 distribution centers/warehouses and multiple online marketplaces in 20 different states.
  • "Their significant scale and best-in-class sales team complements our digital go-to-market strategy, enabling us to further our reach, sell more boats and engage more customers," said Forza X1 CEO Jim Leffew.
  • Price Action: FRZA shares are trading higher by 1.19% at $6.81 on the last check Thursday.
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