Evoy - The Future of Boating

Evoy received NOK 23 million from Innovation Norway - Nordic Innovators assisted with the grant proposal.

The grant will help Evoy realise their dream of electrifying the boating industry. With the goal of completely eliminating CO2 emissions, Evoy introduces plug-and-play fully electric systems ranging from 120 to 400+ horsepower for small and medium-sized boats.

Groundbreaking Solution for Eco-Friendly Boat Power

Boats contribute to approximately 50 million tons of CO2 emissions each year. This is something founder and CEO Leif Stavøstrand and the rest of the Evoy team wanted to change. Although electric motors for small and medium-sized boats exist on the market today, they are often small, lack power, and are expensive. Additionally, the demand to reduce the environmental footprint in industries using small and medium-sized boats, such as tourism and aquaculture, has been growing. By developing the first powerful outboard motor specifically designed for electric propulsion on the market, Evoy is paving the way for the future of the boating industry.

Grant Funding to Develop Proprietary Technology for Maximum Performance

There is a need to optimize systems and develop proprietary technology, such as "lower legs," specifically adapted for electric propulsion. The "lower leg" of an outboard motor, also known as the gearbox, is a critical component of the electric drivetrain that connects the motor to the propeller. It transfers power from the motor to the propeller, aids in cooling, and protects essential moving parts from the marine environment. Hydrodynamics also play an important role. A streamlined lower leg design reduces drag, allowing the boat to move smoothly, which is crucial for speed and energy efficiency.

"We want to develop our own technology and create solutions tailored to electric systems," says Willem van den Corput, VP of Engineering at Evoy. "There is no doubt that electric propulsion will become the new standard, and with support from Innovation Norway, we can now start taking the next steps."