Electric Propulsion Manufacturers Vita and Evoy Announce Strategic Partnership

Electric boat adoption is set to accelerate in both commercial and recreational markets following the announcement of a strategic partnership between electric propulsion manufacturers Vita and Evoy, which was made last week. The new partnership will use economies of scale to drive down prices, making electric boat propulsion more accessible for consumers. The deal was announced at the beginning of the 2024 Monaco Energy Boat Challenge by Vita’s founder and lead investor, Stewart Wilkinson.

Mission to Decarbonize the Marine Industry

The decision to form a partnership between the two companies was based on the shared vision to decarbonize the marine industry and aligns strongly with Monaco’s commitment to ocean preservation. Vita has powered a wide variety of vessels, including rigid-hull inflatable boats to superyacht tenders, while Evoy’s electric inboards and outboards are in use in 19 countries with support from an established dealer network. Funding for the partnership comes from several Vita shareholders and investors, including boatbuilder Axopar.

Global Leader in Marine Electrification

The partnership enables the companies to combine technology and knowledge to represent a global leader in marine electrification, accelerating the transition to zero-emission propulsion. In a statement following the announcement, Evoy founder and CEO 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 decarbonization.”

Protecting the Environment

As the world moves towards a more sustainable future, it is important to ensure that the marine industry plays its part in protecting the environment. With the integration of Vita and Evoy, customers will have access to more efficient and environmentally friendly propulsion systems. The strategic partnership represents a significant shift in the marine industry towards a greener and more sustainable future.

Conclusion

The partnership between Vita and Evoy is a significant development for the marine industry and is set to change the way boats are powered. The two companies share a commitment to decarbonize the marine industry while protecting the environment, and the partnership offers significant advantages to both. By driving down prices and providing access to more efficient and environmentally friendly propulsion systems, the partnership will accelerate the transition towards a more sustainable future.

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Evoy and Vita Form Partnership Trade Only Today