Forza X1 Inc

NASDAQ:FRZA

Forza X1 Inc is a US-based company operating in Leisure Products industry. The company is headquartered in Fort Pierce, Florida. The company went IPO on 2022-08-12. Forza X1, Inc. is focused on the creation, implementation and sale of electric boats, utilizing its electric vehicle (EV) technology to control and power its boats and outboard electric motors. Its electric boats are designed as fully integrated electric boats, including the hull, outboard motor, and control system. The three main components of its electric boats are the fiberglass part of the boat, the motor that propels the boat, and the control system. The company offers its EV products, services, and support through a Web-based and mobile phone application, which is a vertically integrated and a direct-to-consumer platform. The company utilizes a Web-based and application platform to connect with customers for an end-to-end experience encompassing everything from buying, financing, delivering, servicing, and training. Its two models, the FX1 Dual Console and FX1 Center Console, are designed to be 24-foot in length, and utilize a catamaran hull surface to reduce drag and increase run times.