Electric marine specialists Vita and Evoy have announced plans to combine their businesses to “strengthen our leading position in the high-power segment.” The two companies will combine their extensive experience in all-electric propulsion and powertrain technologies for the marine sector.
Electrification is only just beginning to take hold in the marine mobility sector, so we’ve only scratched the surface here. But the pace of the transition is certainly encouraging. While not all marine OEMs are going electric, companies like Vita and Evoy are helping bring an exciting new level of sustainability to maritime travel.
Vita may sound familiar, as we’ve covered the marine technology company’s advanced powertrains before, notably its collaboration with Maserati and its all-electric dayboat TRIDENTE. Vita has also partnered with marine fast-charging developer Aqua superPower.
Evoy is a new name to many of our readers, but as one of the current leaders in high-performance inboard and outboard electric boat motor systems, it’s a name to remember… unless the name is changed following today’s news of the business combination between Evoy and Vita.
Vita and Evoy partner to further electrify the marine space
Vita and Evoy today announced details of their combination, with the new company aiming to establish itself as the European leader in high-power electric inboard and outboard propulsion.
Vita and Evoy say combining their businesses and technologies will enable them to scale more quickly, lower prices for consumers and accelerate the adoption of electric vessels while expanding into new markets in Europe and North America, according to the release.
Vita’s experience in integrating high performance electric propulsion into a diverse portfolio of vessels, from commercial RIBs to superyacht tenders, combined with Evoy’s best-in-class plug-and-play powertrain technology and scalable production platform, will enable the new group to leverage 14 years of combined experience. Together, Vita and Evoy are positioned to deliver market-leading products based on a shared belief that high-power systems with DC charging capability offer the most robust solutions for a wide range of marine applications.
The companies also announced that the newly formed marine technology group will benefit from a funding round led by existing Vita shareholders and Evoy investors. It is unclear whether the merger will include a name change, or whether Vita and Evoy will continue to operate as separate entities under the same larger group.
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