Vita and Evoy unite to become Europe’s leader in high-power electric marine propulsion for inboard and outboard applications, just one year after their first meeting at the Yacht Club de Monaco
05 July 2024 - 11:43AM
Vita and Evoy unite to become Europe’s leader in high-power
electric marine propulsion for inboard and outboard applications,
just one year after their first meeting at the Yacht Club de
Monaco
At the Monaco Energy Boat Challenge, organised by the Yacht Club de
Monaco, electric marine technology experts, Vita and Evoy,
announced today that they are joining forces to consolidate their
leading positions in the high-output space.
The integration of two of the most mature
companies in electric propulsion is anticipated to accelerate
electric boat adoption in both commercial and recreational markets
by leveraging scale to drive down prices for the end user, fast
tracking development, and providing immediate access to territories
across Europe and North America with active operations in the UK,
Norway, France, Italy, Monaco and California.
The combination of Vita’s experience integrating
high-performance electric propulsion into a diverse portfolio of
vessels from commercial RIBs to superyacht tenders with Evoy’s
best-in-class, plug-and-play, powertrain technology and scalable
production platform will allow the new group to leverage fourteen
years of combined experience. Together, Vita and Evoy are
positioned to deliver market-leading products — building on the
shared belief that high-output systems with DC-charging capability
present the most robust solutions for the widest range of marine
applications.
The announcement reflects a new era of growth in
the electric marine market, with both companies experiencing
increasing demand from operators and boatbuilders alike. Evoy’s
high-output inboard and outboard systems are currently in operation
in 19 countries, supported by an established dealership network and
strong use cases in commercial segments such as aquaculture and
tourism. Meanwhile Vita’s line of fully electric Seal and SeaDog
RIBs are being adopted by commercial marine operators in Europe,
the US, the Caribbean and the Middle East. Elsewhere, Vita is
engaged in a variety of electrification projects with third parties
in both commercial and recreational markets, including the
propulsion system for the Tridente, a high-performance electric
dayboat recently launched by Maserati.
The new group will benefit from a financing
round led by existing Vita shareholders and supported by Evoy
investors including Axopar.
Announcing the launch at the annual Monaco Energy Boat
Challenge, Vita Founder and Lead Investor, Stewart Wilkinson, said,
“Our conversation started last year at the Yacht Club in Monaco,
the leader in Advanced Yachting, and it’s great to be announcing
this deal here. Our mission to decarbonise the marine industry
aligns strongly with Monaco’s commitments to ocean
preservation. I am excited to bring Vita and Evoy together to
continue building the leading force in marine electric powertrain
technology.”
Founder and CEO of Evoy, Leif Stavøstrand, said,
“The future of the marine industry is electric, and today’s
announcement is the most important milestone so far in the voyage
towards marine decarbonisation. The combined technology and teams
will represent a global leader in the marine electrification,
accelerating the transition to zero-emission propulsion. We are
excited that two great companies are joining forces, and I am
honoured to play a part in it.”
Notes to Editor
For more information:Press Office LaPresse -
ufficio.stampa@lapresse.it
About Vita
Vita is a marine technology company that develops and integrates
high performance electric powertrains for commercial and
recreational marine applications. One of the highest performance
powertrains on the market, Vita Power systems integrate the latest
technology with proprietary control software to deliver peak power
between 100hp and 600hp. Vita Power was the first electric
powertrain to be compatible with high-speed DC charging and is
among the fastest charging on the market, supercharging from
10%-80% in under an hour.www.vita-power.com
About Evoy
The shift to electric boating is happening now, powered by Evoy.
Evoy is the market leader in performance inboard and outboard
electric boat motor systems – delivering 120-400 continuous hp. We
develop and deliver high-output, 100% electric, plug-and-play
systems for boats sized 20-50 feet. With a mission to reduce
boating emissions without compromising on power or ease of use,
Evoy builds the technology of tomorrow, today. www.evoy.no
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/757b303f-bb2b-48ba-b27f-adb672e6f2ca