Oceanvolt, founded in 2004, designs and manufactures electric propulsion systems including modular AXC motors and the ServoProp variable‑pitch sail drive. Recent product development includes a lighter AXC, a HighPower ServoProp (preliminary tests show 3 kW at 8 knots and 14 kW at 15 knots), and software and remote‑support enhancements. The company sells through a global sales and refit network with agents in Spain, the UK, the Netherlands, Germany and the US and 34 partners across 17 countries, and partners with OEMs such as X‑Yachts, Vaan, Elan, Salona, Arcona and Outremer. Oceanvolt targets growth from new‑build OEM adoption, a sizable refit market and commercial conversions, estimating an addressable market of about €38M per year. Under CEO Tommi Lassila (since March 2020) the company has seen significant revenue growth, with projected sales rising from €1.405M in 2019 to €2.765M in 2022 and forecasts of €4.438M in 2023 and over €16M by 2026. The roadmap emphasizes system integration, onboard connectivity and new service‑upgrade products.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2022