Electric Propulsion Manufacturers Vita and Evoy Announce Strategic Partnership

In a bid to accelerate the adoption of electric boats in commercial and recreational markets, electric propulsion manufacturers Vita and Evoy have announced a strategic partnership. The integration of the two companies is expected to use economies of scale to drive down prices, making electric boats more accessible.

The partnership was announced at the beginning of the 2024 Monaco Energy Boat Challenge by Vita founder and lead investor, Stewart Wilkinson. “Our conversation started last year at the Yacht Club in Monaco, and it’s great to be announcing this deal here,” Wilkinson said in a statement. “Our mission to decarbonize the marine industry aligns strongly with Monaco’s commitments to ocean preservation.”

About Vita and Evoy

Vita has a proven track record in powering a variety of vessels from rigid-hull inflatable boats to superyacht tenders. Evoy’s electric inboards and outboards are currently being used in 19 countries and are supported by an established dealer network. The partnership received funding from Vita shareholders and Evoy investors, including boatbuilder Axopar.

“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,” said Evoy founder and CEO Leif Stavøstrand in the statement. “The combined technology and teams will represent the global leader in marine electrification, accelerating the transition to zero-emission propulsion.”

The Future Is Electric

The partnership between Vita and Evoy is a significant step forward in the electrification of the marine industry. Electric boats offer a range of benefits over traditional fossil fuel-powered boats. They produce no emissions, are quieter, and offer a smoother ride. With advancements in battery technology, the range and performance of electric boats are rapidly improving.

The integration of Vita and Evoy is expected to bring a range of cost benefits. With increased production volumes and shared technology development, the partners hope to reduce the cost of electric boats. The partnership will also enable the companies to offer a wider range of products and services.

Commitment to Sustainability

The partnership between Vita and Evoy reflects a broader commitment to sustainability and decarbonization in the marine industry. As the impact of climate change becomes increasingly evident, there is growing pressure on all industries to reduce their carbon footprint. The marine industry is no exception.

By transitioning to electric propulsion, the marine industry can significantly reduce its carbon footprint. Electric boats produce no direct emissions, and renewable energy sources can be used to generate electricity to power them. The adoption of electric boats also supports the transition to a circular economy, where materials and products are reused and recycled, reducing waste and pollution.

Conclusion

The strategic partnership between Vita and Evoy marks an important milestone in the electrification of the marine industry. By using economies of scale to reduce costs and drive innovation, the partnership is expected to accelerate the adoption of electric boats in commercial and recreational markets. The transition to electric boats is an important step towards reducing the carbon footprint of the marine industry and achieving global sustainability targets.

Originally Post From https://www.tradeonlytoday.com/industry-news/evoy-and-vita-form-partnership

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