Electric Propulsion Manufacturers Vita and Evoy Announce Strategic Partnership
About the Partnership
Electric propulsion manufacturers Vita and Evoy recently announced a strategic partnership aimed at accelerating the adoption of electric boats in commercial and recreational markets. The integration of the two companies is expected to drive down prices through economies of scale.
Announcement at 2024 Monaco Energy Boat Challenge
The partnership was announced by Vita founder and lead investor, Stewart Wilkinson, at the 2024 Monaco Energy Boat Challenge. The event provided a fitting backdrop for the announcement given Monaco’s commitments to ocean preservation and Vita’s mission to decarbonize the marine industry. The conversation about the partnership began a year earlier at the Yacht Club in Monaco.
Expanding the Product Line
Vita has powered a range of vessels, from rigid-hull inflatable boats to superyacht tenders. Meanwhile, Evoy’s electric inboards and outboards are already in use in 19 countries and are supported by an established dealer network. The two companies anticipate that the partnership will help them become global leaders in marine electrification, accelerating the transition to zero-emission propulsion.
Financial Backing
The partnership received funding from Vita shareholders and Evoy investors, including boatbuilder Axopar.
Conclusion
The partnership between Vita and Evoy marks an important milestone in the marine industry’s drive towards decarbonization. Working together, the two companies aim to make electric boats more affordable and accessible, with the ultimate goal of reducing carbon emissions and promoting ocean preservation.
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