PHOTO BY FRANCESCO FERRI Electric propulsion manufacturers Vita and Evoy last week announced a strategic partnership. The integration of the two companies is intended to accelerate electric boat adoption in commercial and recreational markets by using economies of scale to drive down prices.
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.”
Vita has powered 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 by 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 global leader in the marine electrification, accelerating the transition to zero-emission propulsion.”
