The first of Sagamore Ventures’ new water taxi has hit the water. Sagamore, the private investment firm of Under Armour CEO Kevin Plank, partnered with local manufacturer Maritime Applied Physics Corp. to build a new fleet of boats for the city’s Water Taxi service. Sagamore purchased Harbor Boating Inc., the company that operates the Water Taxi, in August of 2016.
The new boats pay homage to the classic Chesapeake Bay Deadrise boats in their design and heavily feature the Baltimore flag’s pattern.
In addition to a $6.35 M investment in a new fleet of boats fully equipped with Wi-Fi and GPS tracking, the new venture has also proposed additional investments to include:
– $1.75 M investment in existing stops
– Addition of new stops within the next year: Sagamore Spirits, BMI, Bo Brooks, Nick’s Fish House, Harbor Point
– Expanded Harbor Connector service hours, 6am to 8pm
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