Evoy, providers of high-performance electric motor systems for boats, have secured €6.4 million in a funding round led by new partners Axopar aimed at accelerating the global expansion of performance electric boating as the company continues its drive to become the go-to brand worldwide in this field. The funding round also saw strong participation from current shareholders, including notable investors such as Katapult Ocean, Klaveness Marine and Grieg Edge.
Leif A. Stavøstrand, co-founder and CEO of Evoy, stated: ‘It is truly inspiring to see the strong support and passion from old and new investors. We are thrilled to welcome Axopar as a strategic investor, bringing not only significant investments but also a great network and validation of Evoy. This partnership marks an important milestone for Evoy, opening doors into the North American market. Additionally, we are honoured by Katapult’s large third-time investment, as it reflects their continued confidence in our mission and potential. This funding round opens a new chapter in our journey to make boating irresistible while eliminating emissions and building a strong global brand.’