Forza X1
Forza X1 is a US-based electric boat manufacturer founded in 2021 that designs and sells electric recreational powerboats through marine dealership networks, with OneWater Marine Inc as its primary distribution partner and NASDAQ listing under ticker FRZA.
- Company typePublic
- Founded2021
- HeadquartersFort Pierce, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
Forza X1 firmographics
Firmographics- Name
- Forza X1
- Legal name
- Forza X1 Inc.
- Website
- https://forzax1.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Forza X1 is a US-based electric boat manufacturer founded in 2021 that designs and sells electric recreational powerboats through marine dealership networks, with OneWater Marine Inc as its primary distribution partner and NASDAQ listing under ticker FRZA.
- Ownership category
- akta.pro rank
Forza X1 industry classification
Industry- Product category
- Electric Boats
- NAICS
- Ship and Boat Building (3366), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336)
- SIC
- Motors & Generators (3621)
- akta.pro primary industry
- Electric & Hybrid Leisure Craft Manufacturing (IMAJAEAK)
- akta.pro secondary industries
- Shipboard Propulsion, Power Generation & Energy Storage (IMABAKAF), Marine Hybrid & Electric Propulsion Systems (IMAJAHAC)
Keywords
Where Forza X1 is headquartered
LocationHeadquarters
- HQ city
- Fort Pierce
- HQ country
- United States
- HQ region
- North America
Markets served
Forza X1 business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Electric Boat Sales: Sale of electric boats to marine dealers and distributors. The company received a purchase order for 100 units from OneWater Marine Inc, potentially generating approximately $12 million in revenue.
Distribution channels1 record
Forza X1 product offering
Product offeringCore offering
Forza X1 designs and manufactures electric-powered recreational boats for mass-market appeal. The company produces electric powerboats that replace traditional gasoline propulsion with electric marine propulsion technology, targeting both recreational boaters and commercial powerboat applications. Its initial commercial traction is anchored by a purchase order from marine distributor OneWater Marine Inc for 100 units, valued at approximately $12 million.
Product overview
Forza X1 is an electric boat manufacturer operating as a single-product company. The company produces electric boats, with the initial commercial purchase order from OneWater Marine Inc for 100 units representing the company's primary product offering in the recreational powerboat market.
Differentiator
Problem solved
Functional benefit
Products and services
- Electric Boat (F1X)
Companies that use Forza X1
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Forza X1 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Forza X1 partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- OneWater Marine InccoreOneWater Marine Inc (NASDAQ:ONEW) placed an initial purchase order for 100 units of Forza X1's electric boats, representing approximately $12 million in potential revenue. OneWater Marine is a marine dealer and distributor, purchasing boats for resale through their dealership network.
Scale indicators3 records
Recent moves3 records
Expansion highlights3 records
Forza X1 competitors and assessment
Company assessmentOthers
- OneWater Marine: OneWater Marine (NASDAQ:ONEW) is Forza X1's primary distribution partner and customer. While not a direct competitor, it is the dominant channel through which Forza X1 reaches end consumers and shapes demand signals for electric boats.
Broad incumbents
- Yamaha Motor: Yamaha is a leading global outboard engine manufacturer with established dealer channels and ongoing electric outboard programs. Competes in marine propulsion and recreational boats, representing the incumbent threat to Forza X1.
- Polaris Inc. Polaris owns Bennington pontoon boats and other marine brands and is investing in electrification across powersports. Comparable incumbent with marine exposure, capital base, and dealer network that could compete with Forza X1.
- Brunswick Corporation: Brunswick is a major recreational marine conglomerate owning Mercury Marine, Boston Whaler, Sea Ray, and other boat brands, with a stated commitment to electrify its propulsion portfolio. Broad incumbent competing in Forza X1's market with vastly greater scale.
- MasterCraft Boat Holdings: MasterCraft is an established recreational powerboat manufacturer (wake/ski boats) with comparable price points and dealer model. Adjacent incumbent in recreational powerboats that could expand into electric variants.
Direct peers
- Candela: Candela is a premium electric boat maker (hydrofoils) with proprietary electric propulsion technology. Direct competitor in electric recreational marine with overlapping powertrain engineering focus, though serving a more premium segment.
- Arc Boats: Arc Boats is a startup building electric recreational boats, sharing the same core value proposition of mass-market electric boating. Direct overlap in target customer (recreational boaters) and product category (electric powerboats).
- Pure Watercraft: Pure Watercraft develops electric outboard motors and pontoon boats for recreational boating. Comparable to Forza X1 in electric marine propulsion technology and target recreational market.
- Vision Marine Technologies: Vision Marine Technologies (NASDAQ:VMAR) is a publicly-traded electric boat and marine propulsion company directly competing with Forza X1 in electric recreational boats. Both target mass-market recreational boating with electric powertrains.
Emerging players
- Taiga Motors: Taiga Motors builds electric powersports vehicles including personal watercraft. Comparable as a publicly-traded startup using electric powertrain technology to disrupt a recreational powersports category adjacent to Forza X1's market.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights4 records
Customer concentration
Forza X1 social profiles
Digital presenceForza X1 financial estimates
Financial estimateRevenue estimate
Valuation estimate
Forza X1 leadership team
Management profileNumber of profiles
Profiles1 record
Forza X1 funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Forza X1 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Forza X1
What does Forza X1 do?
Forza X1 designs and manufactures electric-powered recreational boats for mass-market appeal. The company produces electric powerboats that replace traditional gasoline propulsion with electric marine propulsion technology, targeting both recreational boaters and commercial powerboat applications. Its initial commercial traction is anchored by a purchase order from marine distributor OneWater Marine Inc for 100 units, valued at approximately $12 million.
Is Forza X1 a public or private company?
Forza X1 is a public company. It is classified as public and is currently operating.
When was Forza X1 founded?
Forza X1 was founded in 2021. It employs 51 to 100 people.
Where is Forza X1 based?
Forza X1 is headquartered in Fort Pierce, United States, in the North America region.
How does Forza X1 make money?
One revenue line is on record: electric Boat Sales.
Who are Forza X1's main competitors?
OneWater Marine is listed as an others. Broad incumbents are Yamaha Motor, Polaris Inc., Brunswick Corporation and MasterCraft Boat Holdings. Direct peers are Candela, Arc Boats, Pure Watercraft and Vision Marine Technologies. Taiga Motors is listed as an emerging player.
Does Forza X1 have an API?
No public API is recorded for Forza X1.
What industry is Forza X1 in?
Forza X1's product category is Electric Boats. Its primary akta.pro industry code is IMAJAEAK, Electric & Hybrid Leisure Craft Manufacturing, with a secondary code of IMABAKAF, Shipboard Propulsion, Power Generation & Energy Storage. Its NAICS code is 3366 and its SIC code is 3621.