About Evoy
Evoy is a company based in Florø (Norway) founded in 2018 by Leif A Stavostrand and Gunnar Stavostrand.. Evoy has raised $7.99 million across 7 funding rounds from investors including Innovasjon Norge, European Union and Katapult. Evoy offers products and services including Outboard Electric Motor Systems and Inboard Electric Motor Systems. Evoy operates in a competitive market with competitors including Torqeedo, Oceanvolt, Dolprop, TEMA and Naval DC, among others.
- Headquarter Florø, Norway
- Founders Leif A Stavostrand, Gunnar Stavostrand
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Evoy As
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.99 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Innovasjon Norge
& 12 more
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Employee Count
Employee Count
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Products & Services of Evoy
Evoy offers a comprehensive portfolio of products and services, including Outboard Electric Motor Systems and Inboard Electric Motor Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-power motors for recreational boating with sustainable performance.
Robust systems for commercial boats with minimal maintenance needs.
Funding Insights of Evoy
Evoy has successfully raised a total of $7.99M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(21 Jan 2019)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - Evoy | Valuation | Axopar Boats Oy | |
| Nov, 2022 | Amount | Grant - Evoy | Valuation |
investors |
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| May, 2022 | Amount | Series A - Evoy | Valuation | Klaveness Marine , Grieg Edge |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Evoy
Evoy has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Innovasjon Norge, European Union and Katapult. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment consulting services are provided to guide client portfolios.
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Founded Year | Domain | Location | |
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Klaveness Marine is engaged in diversified investment management.
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Founded Year | Domain | Location | |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Evoy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Evoy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Evoy Comparisons
Competitors of Evoy
Evoy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Torqeedo, Oceanvolt, Dolprop, TEMA and Naval DC, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric motors and batteries for boats are developed.
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| domain | founded_year | HQ Location |
Electric propulsion systems are developed for sailboats and catamarans.
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| domain | founded_year | HQ Location |
Creates efficient, silent, and safe biomimetic propulsion for maritime applications.
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| domain | founded_year | HQ Location |
Marine electric propulsion systems and motors are developed and produced.
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| domain | founded_year | HQ Location |
Develops electric, solar, and hybrid systems for marine propulsion applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Evoy
Frequently Asked Questions about Evoy
When was Evoy founded?
Evoy was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Evoy located?
Evoy is headquartered in Florø, Norway. It is registered at Florø, Vestland, Norway.
Who is the current CEO of Evoy?
Leif A Stavostrand is the current CEO of Evoy. They have also founded this company.
Is Evoy a funded company?
Evoy is a funded company, having raised a total of $7.99M across 7 funding rounds to date. The company's 1st funding round was a Series A of $7.62M, raised on Jan 21, 2019.
What does Evoy do?
Evoy was founded in 2018 in Floro, Norway, within the marine technology sector. Electric propulsion systems for boats are designed and provided, incorporating electric motors, programmable management systems, marine-grade battery packs, and touch screen control interfaces. Both inboard and outboard configurations are supported to enable emission-free marine operations across various vessel types in the Nordic region and beyond.
What products or services does Evoy offer?
Evoy offers Outboard Electric Motor Systems and Inboard Electric Motor Systems.
Who are Evoy's investors?
Evoy has 13 investors. Key investors include Innovasjon Norge, European Union, Katapult, Klaveness Marine, and Grieg Edge.
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