Three men stand on a boat, They're from Evoy and Vita and are now working together

Vita and Evoy are set to integrate. Both companies are experiencing increasing demand from operators and boatbuilders and the electric marine market is in a period of growth so they’re saying it makes sense to do this now.

“Our conversation started last year at the Yacht Club in Monaco,” Vita founder and lead investor, Stewart Wilkinson (pictured above right) who’s on a stated mission to decarbonise the marine industry. “I am excited to bring Vita and Evoy together to continue building the leading force in marine electric powertrain technology.”

Vita’s experienced in integrating high-performance electric propulsion into a diverse portfolio of vessels from commercial RIBs to superyacht tenders while Evoy produces plug-and-play, powertrain technology and has a scalable production platform.

“The future of the marine industry is electric,” says founder and CEO of Evoy, Leif Stavøstrand (pictured above left). “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.”

It’s hoped that the integration of two might help 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.

Evoy’s high-output inboard and outboard systems are currently in operation in 19 countries, supported by an established dealership network. Meanwhile Vita’s line of fully electric Seal and SeaDog RIBs are being used 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, an 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 Finnish boat builder Axopar. The latter made a significant investment into Evoy in 2023 to secure a 10 per cent stake.

Vita is a marine technology company that develops and integrates high performance electric powertrains for commercial and recreational marine applications. It claims to be among the fastest charging on the market, supercharging from 10-80 per cent in under an hour.

Evoy believes it’s the market leader in performance inboard and outboard electric boat motor systems – delivering 120-400 continuous hp. It develops and delivers high-output, 100 per cent electric, plug-and-play systems for boats sized 20-50 feet.

Main image shows (L-R) Evoy’s Leif Stavøstrand, Bernard d’Alessandri from Yacht Club de Monaco, Vita’s Stewart Wilkinson. Courtesy of Francesco Ferri.

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