Vita and Evoy merge to become the European leader in high-power electric marine propulsion for inboard and outboard applications. This strategic alliance between two of the industry's mature companies is set to accelerate the adoption of electric boats in the commercial and leisure markets. By joining forces, Vita and Evoy hope to reduce costs for end-users, accelerate technology development and expand their presence in Europe and North America, including the UK, Norway, France, Italy, Monaco and California.
Synergy of skills and experience
Vita's experience in integrating high-performance electric propulsion systems on a diverse range of vessels, from commercial RIBs to superyacht tenders, blends perfectly with Evoy's cutting-edge technology and scalable production platforms. Together, the two companies have fourteen years of combined experience, enabling them to offer market-leading products. They share the conviction that high-power systems with DC charging capabilities represent the most robust solutions for a wide range of marine applications.
Growth and increasing demand
The announcement of this merger marks a new era of growth for the marine electrics market, with increasing demand from operators and boat builders. Evoy's high-power inboard and outboard systems are currently in use in 19 countries, supported by an established dealer network and strong use cases in commercial segments such as aquaculture and tourism. Vita's Seal and SeaDog range of all-electric RIBs, meanwhile, are being adopted by commercial marine operators in Europe, the USA, the Caribbean and the Middle East. Vita is also involved in various electrification projects, including the propulsion of the Tridente, a high-performance electric dayboat recently launched by Maserati.
Financing and support
The new group will benefit from financing led by Vita's existing shareholders and supported by Evoy's investors, including Axopar. This financial consolidation is designed to strengthen their ability to innovate and grow further.
Management vision
Stewart Wilkinson, Vita's founder and main investor, said at the launch of the merger at the Monaco Energy Boat Challenge: " Our conversation began last year at the Yacht Club de Monaco, and it's great to announce this agreement here. Our mission to decarbonize the marine industry aligns strongly with Monaco's commitments to ocean preservation. I'm excited to bring Vita and Evoy together to continue building the driving force in marine electric powertrain technology. "
Leif Stavøstrand, founder and CEO of Evoy, added: " The future of the marine industry is electric, and today's announcement is the most important milestone yet in the journey towards marine decarbonization. The combined technology and teams will represent a world leader in marine electrification, accelerating the transition to zero-emission propulsion. We're delighted that two great companies are joining forces, and I'm honored to play a part. "
