Oceanvolt
Oceanvolt is a Finnish company that designs and manufactures 48V electric propulsion systems for boats, including patented ServoProp variable-pitch saildrives, batteries, and hybrid range extenders, sold via OEM partnerships with boatbuilders and a global distributor network.
- Company typePrivate
- Founded2004
- HeadquartersVantaa, Finland
- Headcount11–50
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Oceanvolt does
Oceanvolt is a Finnish designer and manufacturer of 48V electric and hybrid propulsion systems for boats, founded in 2004 by Janne Kjellman and headquartered in Helsinki (registered entity Oceanvolt Oy, business ID 1904140-0). The company's portfolio spans saildrives (SD series, 6–15kW), the patented ServoProp variable-pitch saildrive family (10–15kW plus the 25kW HighPower variant launched in 2023), shaft drives (AXC series, 12–45kW), lithium battery packs (14–35kWh), and DC diesel range extenders. Its flagship technical differentiator is the ServoProp variable-pitch saildrive, whose blades rotate beyond 180 degrees under software control to deliver +30% forward thrust, +100% reverse, and +300% hydrogeneration versus fixed propellers — a capability validated by DAME Awards in 2017 and 2023. A Remote Support Interface (RSI) connects system components via CAN bus, allowing Oceanvolt engineers to perform remote fault diagnosis and over-the-air updates.
The company sells primarily through OEM-embedded partnerships with performance sailing and multihull boatbuilders (McConaghy, Arcona, Linjett, Rapido, Spirit, ITA, Salona, Elan, Dragonfly, Voyage, Sirius, Seaquest, Vision), supplemented by a global network of regional distributors (Florida, New Zealand, Australia, Belgium/Netherlands) and direct sales supported by an online system configurator. Pricing is quote-based per configuration. Revenue streams include hardware sales, installation and after-sales services through a certified installer network, and recurring remote diagnostics/support enabled by the RSI. With 11–50 employees, "hundreds of boats" equipped since inception across more than 15 markets, and 60% YoY order growth reported in 2022, Oceanvolt operates as a niche, founder-influenced specialist in marine electrification. Leadership transitioned in March 2020 to Tommi Lassila (ex-ABB), and again in March 2024 to Mikael Heikfolk. Capital has been raised via two oversubscribed equity crowdfunding rounds on Invesdor (€2M in 2019 from 500+ investors across 37 countries; a second round in December 2022).
Oceanvolt firmographics
Firmographics- Name
- Oceanvolt
- Legal name
- Oceanvolt Oy
- Website
- https://oceanvolt.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Oceanvolt is a Finnish company that designs and manufactures 48V electric propulsion systems for boats, including patented ServoProp variable-pitch saildrives, batteries, and hybrid range extenders, sold via OEM partnerships with boatbuilders and a global distributor network.
- Ownership category
- akta.pro rank
Oceanvolt industry classification
Industry- Product category
- Marine Electric Propulsion
- NAICS
- Ship Building and Repairing (336611), Ship and Boat Building (3366)
- SIC
- Ship & Boat Building & Repairing (3730), Motors & Generators (3621)
- akta.pro primary industry
- Marine Hybrid & Electric Propulsion Systems (IMAJAHAC)
- akta.pro secondary industries
- Propulsion Drives, Gearboxes & Shaftlines (IMAJAHAD), Bow & Stern Thrusters (Tunnel/Retractable) (IMAJAHAG)
Keywords
Where Oceanvolt is headquartered
LocationHeadquarters
- HQ city
- Vantaa
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
Oceanvolt business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales
Revenue model
- Electric Propulsion Systems: Sale of complete electric motor systems including saildrives (SD series), shaft drives (AXC series), and ServoProp variable pitch systems. Systems range from 6kW to 45kW power output for various boat sizes from daysailers to 80ft catamarans.
- Battery Systems: Sale of lithium battery packs (LiFePO4) and battery management systems. Various capacities from 14kWh to 35kWh depending on vessel requirements.
- DC Generators/Range Extenders: Diesel-powered DC generators for hybrid systems that provide backup charging capability for extended range. Uses as little as 0.3 liters of fuel per kilowatt hour.
- Professional Services: Installation, commissioning, training, and after-sales support services through certified installers and service centers.
- Remote Diagnostics & Support: Ongoing remote monitoring and support services enabled by internet-connected systems. Provides software updates and remote troubleshooting.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom system pricing based on boat specifications |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels7 records
Oceanvolt product offering
Product offeringCore offering
Oceanvolt designs and manufactures silent, lightweight electric propulsion systems for boats, including saildrives (SD series 6-15kW), variable-pitch ServoProp saildrives (10-25kW), and shaft drives (AXC series 12-45kW), complemented by lithium battery systems, hybrid diesel-electric configurations, and integrated power management. Systems are sold direct to boat owners and through OEM partnerships with boatbuilders for new installations and retrofits on sailing yachts, catamarans, and light commercial vessels.
Product overview
Oceanvolt offers a comprehensive portfolio of electric propulsion systems for boats, consisting of saildrives (SD series 6-15kW), variable pitch saildrives (ServoProp 10-15kW and HighPower ServoProp 25kW), and shaft drives (AXC series 12-45kW). These core motor products are complemented by hybrid systems combining diesel backup with electric propulsion, a complete power management ecosystem integrated with Victron Cerbo GX, remote diagnostics via RSI technology, and an online system configurator for custom system design. All systems operate on a 48V architecture and feature patented hydrogeneration technology that charges batteries while sailing.
Differentiator
Problem solved
Functional benefit
Products and services
- SD Saildrives (6-15kW)
Quantifiable outcome
- Hydrogeneration produces 1kW at 6-8 knots boat speed and up to 3kW at 11-12 knots
- +4 more outcomes
Companies that use Oceanvolt
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles4 records
Oceanvolt technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature5 records
Oceanvolt partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered core, minor and flagship.
- Elan YachtscoreElan Yachts announced partnership with Oceanvolt to offer full range of yachts with electric propulsion. Elan GT6 X Explorer features HighPower ServoProp 25 motor with up to 31.2kWh battery capacity.
- Jimmy CornellminorJimmy Cornell, founder of ARC rally, plans to complete first circumnavigation by fully electric Oceanvolt-powered boat (Outremer 4E catamaran) commemorating Elcano's voyage.
- Ocean Youth SailingminorNon-profit organization teaching young people sailing using Schionning Designs Arrow 1360 catamaran S/Y Vellamo equipped with twin Oceanvolt AXC10 motors.
- Just CatamaranscoreJust Catamarans in Dania, Florida serves as Oceanvolt distributor for the Florida market. They are an Outremer dealer, charter services provider, and refit specialist.
- Beacon MarinecoreBeacon Marine based in Auckland, New Zealand serves as Oceanvolt agent and refit yard for New Zealand and Pacific Islands. Supplied system for Vaka Motu Palau.
- Claude DesjardinscoreClaude Desjardins serves as Oceanvolt agent in Australia (Sunshine Coast/Noosa area).
- Optimus Yacht TechnologycoreOptimus Yacht Technology appointed as Belgian agent for Oceanvolt and covers South of Netherlands as well.
- Conrad ColmancoreOceanvolt supplied electric propulsion system for Conrad Colman's IMOCA 60 for his 2016 Vendee Globe challenge, becoming first IMOCA to finish with zero fuel burned.
- McConaghy BoatscoreOceanvolt electric propulsion systems are available as standard on McConaghy's new Eco Panther Series (48-68ft performance cruising catamarans). This partnership combines Oceanvolt's electric propulsion with McConaghy's advanced carbon fiber boat building for sustainable high-performance yachts.
- Rapido TrimaranscoreRapido Trimarans offers Oceanvolt systems as standard or optional propulsion on their trimaran models including the Rapido 40, Rapido 60, and Rapido Trimarans 14.99. Featured in multiple testimonials and boat shows.
- Spirit YachtscoreSpirit Yachts partnered with Oceanvolt for the Spirit 44E fully electric sailing yacht with integrated solar panels and ServoProp 15 motor. Partnership showcases sustainable yacht design.
- Arcona YachtscoreArcona Yachts was the first yacht builder to offer electric propulsion as standard. The Arcona 415 and Arcona 380Z feature Oceanvolt systems including ServoProp motors and solar integration.
- ITA CatamaranscoreITA Catamarans equips the ITA 14.99 catamaran with Oceanvolt hybrid electric propulsion as standard. The boat won Multihull of the Year 2020 by Voile Magazine.
- Dragonfly TrimaranscoreDragonfly Trimarans offers hybrid electric propulsion options with Oceanvolt ServoProp systems. Dragonfly 40 with Oceanvolt won European Yacht of the Year 2021.
- Alex Thomson RacingflagshipOceanvolt serves as Official Supplier to Alex Thomson Racing's HUGO BOSS IMOCA 60 for the Vendee Globe round-the-world race. Goal is to race without fossil fuels using electric motor charged by solar panels.
- Victron EnergycoreOceanvolt systems integrate with Victron's Cerbo GX for complete onboard energy management. Victron Multiplus charger inverters are used in Oceanvolt systems like the Q30.
- Voyage YachtscoreVoyage Yachts' Voyage 480 'Electrified' catamaran operates in BVI as a charter boat with twin Oceanvolt SD15 saildrives, 22kW DC generator, and 35kWh battery capacity.
- Salona YachtscoreSalona Yachts entered the electric propulsion market with Salona 33, 35, and 380 featuring Oceanvolt 10kW 48V electric saildrive motors as optional propulsion.
- Voyage CharterscoreVoyage Charters operates the Voyage 480 'Electrified' electric catamaran in BVI with Oceanvolt systems. Charter guests appreciate the quiet, emission-free experience.
- Sirius YachtscoreSirius Yachts built the Sirius 40 DS with Oceanvolt dual ServoProp 10 motors and 17.5kWh battery bank for blue water cruising.
- Seaquest CatamaranscoreSeaquest Catamarans partnered with Oceanvolt for the SQ46 electric catamaran with dual 15kW ServoProp motors and optimized hydrogeneration.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Oceanvolt competitors and assessment
Company assessmentEmerging players
- ZeroJet: New Zealand-based maker of electric jet propulsion units primarily for tenders and small craft; shares Oceanvolt's home geography (Oceanvolt also has NZ distribution) and overlaps in clean-energy marine propulsion, but focuses on jet drives rather than saildrives.
- Pure Watercraft: US-based electric outboard propulsion company (with prior GM partnership) targeting recreational boats; similar clean-propulsion positioning to Oceanvolt but focused on outboards for small craft rather than integrated inboard/saildrive systems for sailing yachts.
- Vision Marine Technologies: Canadian electric boat and propulsion company focused on high-power outboards and electric pontoon boats; comparable in being an electric marine propulsion specialist, but with primary focus on outboards and the rental/pontoon market rather than sailing yacht inboard/saildrive systems.
- Ingenity Electric: US-based electric propulsion systems provider for boats (a Correct Craft company) offering integrated electric and hybrid drivelines; comparable as an electric marine propulsion specialist but with primary focus on watersports and towboat segments rather than sailing yachts.
Direct peers
- Torqeedo: German-based manufacturer of electric boat propulsion systems including saildrives, outboards, and inboards with hydrogeneration; the most direct global competitor to Oceanvolt, now backed by Deutz AG. Competes head-to-head in the same sailing yacht and light commercial segments across Europe and globally.
- Evoy: Norwegian manufacturer of high-output (120-300+ kW) electric inboard and outboard propulsion systems for leisure and commercial boats; competes in the upper end of Oceanvolt's power range and shares a similar OEM/retrofit GTM in the European sailing market.
- Elco Motor Yachts: US-based pioneer of electric marine propulsion offering inboard and outboard systems for sailboats and small craft, with similar retrofit and OEM positioning to Oceanvolt in the North American market.
- ePropulsion: Hong Kong/China-based manufacturer of electric outboard and pod drives for small craft, dinghies, and tenders; directly competes in electric boat propulsion with overlapping target customers in the recreational and light commercial segments.
Broad incumbents
- Volvo Penta: Global marine propulsion OEM (part of Volvo Group) offering both conventional and emerging electric/hybrid marine drivelines for leisure and commercial vessels; broad incumbent competing at scale with overlapping solutions, but not specialized in the 48V sailing yacht niche Oceanvolt addresses.
- Yanmar Marine: Major Japanese marine diesel and propulsion engine manufacturer that has begun introducing hybrid and electric marine solutions; broad incumbent with overlapping marine propulsion capabilities but whose core business remains conventional diesel engines rather than electric-only systems.
Market position
Strengths5 records
Weaknesses3 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Oceanvolt social profiles
Digital presenceOceanvolt compliance and trust
Trust signalCompliance1 record
Oceanvolt financial estimates
Financial estimateRevenue estimate
Valuation estimate
Oceanvolt leadership team
Management profileNumber of profiles
Profiles5 records
Oceanvolt funding detail
Funding detailFunding overview
Funding rounds4 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Oceanvolt M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Oceanvolt
What does Oceanvolt do?
Oceanvolt designs and manufactures silent, lightweight electric propulsion systems for boats, including saildrives (SD series 6-15kW), variable-pitch ServoProp saildrives (10-25kW), and shaft drives (AXC series 12-45kW), complemented by lithium battery systems, hybrid diesel-electric configurations, and integrated power management. Systems are sold direct to boat owners and through OEM partnerships with boatbuilders for new installations and retrofits on sailing yachts, catamarans, and light commercial vessels.
Is Oceanvolt a public or private company?
Oceanvolt is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Oceanvolt founded?
Oceanvolt was founded in 2004. It employs 11 to 50 people.
Where is Oceanvolt based?
Oceanvolt is headquartered in Vantaa, Finland, in the Europe region.
How does Oceanvolt make money?
Five revenue lines are on record. Electric Propulsion Systems are the primary driver. The others are battery Systems, DC Generators/Range Extenders, professional Services and remote Diagnostics & Support.
Who are Oceanvolt's main competitors?
Emerging players on record are ZeroJet, Pure Watercraft, Vision Marine Technologies and Ingenity Electric. Direct peers are Torqeedo, Evoy, Elco Motor Yachts and ePropulsion. Broad incumbents are Volvo Penta and Yanmar Marine.
Does Oceanvolt have an API?
No public API is recorded for Oceanvolt.
What industry is Oceanvolt in?
Oceanvolt's product category is Marine Electric Propulsion. Its primary akta.pro industry code is IMAJAHAC, Marine Hybrid & Electric Propulsion Systems, with a secondary code of IMAJAHAD, Propulsion Drives, Gearboxes & Shaftlines. Its NAICS code is 336611 and its SIC code is 3730.