Business Norway

Published 7 Jul 2022 (updated 31 Oct 2024) · 2 min read

Four different types of electric boats in a row

Quick information

At a glance

Plug-and-play electric motor system for old and new fast boats
Designed for fast boats in the 20–30 foot segment
Eliminates fumes, odour, engine noise and pollution

Evoy designs, develops and delivers powerful, fully electric motor systems for fast boats. “Evoy’s vision is to eliminate boating emissions,” says Leif A. Stavøstrand, CEO of Evoy. “We want to bring boating to a whole new level, with no sound, fumes or breakdowns.”

CHALLENGE

Electric boats are known for their quiet, fumeless and climate-friendly ride. Moreover, the operating costs are much lower than traditional diesel boats.

Then why do only 2 per cent of fast boats currently use electric propulsion? One reason is that fast boats need to be, well…., fast. But most electric boats have lacked the power, speed and range to satisfy commercial and leisure boatowners alike. In this respect, Evoy is changing the game.

SOLUTION

Plug-and-play electric motor system

Evoy has designed and developed a turnkey, plug-and-play, all-electric motor system for smaller commercial and leisure boats. The system can be used in any new, or retrofitted to any old, 20 to 50-foot fast boat.

Evoy offers both inboard and outboard motors in the range 120, 200, 300 and 400 hp. All of the company’s motors are manufactured in Norway.

Square black and yellow electric inboard motor — Evoy Breeze 120+ hp electric inboard motor.

BENEFITS

Evoy’s electric motor reduces environmental and health impacts

Evoy’s electric motor system eliminates fumes, engine noise and emissions. It enables some boats to reach top speeds exceeding 60 knots.

“Evoy wants to enhance the boating experience with our eco-friendly solutions, in harmony with the surrounding nature and wildlife,” says Stavøstrand.

Moreover, Evoy’s electric motor system is the only 800-volt system on the e-boating market.

Black 30 horsepower electric outboard motor — Evoy Storm 300 hp electric outboard motor.

MARKET POTENTIAL

First mover in electric fast boats

The global marine propulsion market is estimated to reach nearly USD 40 billion by 2026, and hybrid and fully electric technologies will play an important role in market growth.

Evoy is a first mover in the global electric fast boat segment and is the only provider of a 800-volt system in the e-boating industry.

Evoy's systems are commercially available today, and the company is collaborating with several boatbuilders to make electric boats more available in their market segments.

Norway is a strong home market as the country has the highest density of leisure boats in the world as well as the highest density of electric vehicles.