Axopar acquires a stake in Evoy
Launched in 2018, Evoy specializes in the manufacture of high-power electric motors for boats between 25 and 50 feet, between 120 and 400 horsepower. In June 2023, it finalized a major fund-raising operation, raising 6, million euros from various investors.
They are led by Axopar, a major Scandinavian boatbuilder, which now holds 10% of Evoy's capital, while also contributing its distribution network and significant orders worth over 1 million euros to be delivered in 2023. Axopar is joined by existing shareholders and a number of new entrepreneurs: Jakob Hatteland of Autostore, Johan Brand of Kahoot and Martin Anderlind, head of Northvolt.
Jan-Erik Viitala, founding partner of Axopar, explains: "We will be working closely with Evoy on their future developments to guarantee turnkey solutions offered by Evoy that are clear, easy to install and streamlined."
Supporting the development of Evoy and electric boats
The aim of this new round of financing is to enable Evoy to support the acceleration of electric motorization on boats. The equipment manufacturer aims to become the world's benchmark brand for high-performance electric navigation. Already well known in Europe, the brand aims to accelerate in its original market, but also to break into North America, where other players have already established a foothold.
