Fettliesworth’s electric boat, which the company plans to sell for $20 million, will be sold for $10 million, according to the company.
The company is selling the boat at a public auction at the National Maritime Museum in Melbourne on Thursday, with an estimated opening date of December 31.
The auction is being organised by Australian Electric Boat, which is owned by Fettlingsworth’s former owner, New Zealand-based Australian Power.
Fettlesied is a six-masted diesel powered diesel powered electric boat that was first launched in 2010.
It has a range of 12km and is designed to be a fully electric boat.
The boat has a gross tonnage of 8,000 tonnes.
It is the latest in a long line of electric boats in Australia and has been used in the Australian market for some time.
Electric Boat said in a statement that it had been approached by Australian Power and New Zealand’s Australian Electric Power Group to develop a future product.
Fittlesworth’s company said it was working on a long-term solution to the global demand for sustainable transportation solutions, including electric boats.
Electricity demand is increasing rapidly and as more people move to cities, there is a growing need for sustainable mobility solutions.
Electric boats are a significant contributor to the industry’s growth and are increasingly becoming the mainstay of fleets for large ships, especially in the world’s fastest growing coastal cities.
Fetlesworth will sell the boat to the new owner, who will be the third owner of the electric boat in the fleet, following New Zealand Electric Power and South Africa’s Electric Boat.
Fetchsworth’s Australian business, which has been in existence since the late 1990s, was one of the few Australian companies to survive the global financial crisis and is now one of a handful of companies that are still making money.
Its success is being closely watched by other Australian electric boat operators who are keen to sell.
The boats are sold to buyers in New Zealand, New York, Australia and Japan.
The Fetchsies first electric boat was a four-maced, diesel powered boat that has been operated in Australia since the 1990s.
It was sold to Fetchies New Zealand in October this year.
The electric boat has been on Australian commercial waters for more than 10 years.