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.