Skip to main content

Evoy Announces New Round of Capital


Electric inboard and outboard manufacturer Evoy said it has achieved a new round of funding totaling €7.3 million ($7.62 million). The capital includes follow-up funds from existing shareholders, plus a new influx from Klaveness Marine, Grieg Edge and Link VC.

Entrepreneurs Jakob Hatteland of Autostore, Petter Muren of Prox Dynamics, Johan Brand of Kahoot and Martin Anderlind of Northvolt also are participants.

“This is an incredibly important milestone in our path to make boating irresistible, eliminating emissions and building a great global brand,” Leif A. Stavøstrand, co-founder and CEO of Norway-based Evoy, said in a statement. “With the strongest electric motors for boats in the market, mixed with an unprecedented data-driven ecosystem connected 24/7, Evoy will now set a standard in the boating industry.”

Evoy said the funding will enable it to further develop its motor systems, strengthen marketing and sales, and optimize manufacturing and supply-chain capacity.



Industry Mourns Cruisers Yachts Owner

K.C. Stock, who was 84, was known for his “commitment to the employees at Cruisers Yachts.”


Grand Banks Purchases Florida Property

The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.


Limestone Boat Co. Posts Q3 Results

Unit production was down compared with the second quarter, and revenues decreased 33%.


Yamaha Dealers Now Carry Siren Systems

Siren Marine’s “Connected Boat” technology can be purchased and installed at more than 2,100 Yamaha outboard dealers.


Northpoint Expands Marine Presence

Northpoint Commercial Finance has partnered with Elite Recreational Finance to offer retail financing.


BRP Reports 71% Increase in Q3 Revenues

The Sea-Doo manufacturer had total revenue of $2.7 billion, but North American marine retail sales were down 47%.


Airmar Announces Training Dates

Certified Installer and SmartBoat system classes are being held this month in New Jersey and next year in New Hampshire.


The Survey Says …

Surveying customers to find out what they think about your business has never been more important.


Marine Development Inc. Changes Hands

Mick Webber, the former president/CEO and owner of HydroHoist, has purchased the company from its founders.