Navalt

What Navalt does

Navalt is a Kochi, India-based marine technology company that designs, engineers, and manufactures solar-electric vessels for passenger transport, tourism, fishing, defense, and commercial vehicle transport. Founded in 2013 through a collaboration between Indian ship designer Navgathi and two French partners (Alternatives Energies and EVE Systems), the company has built and deployed more than 80 vessels across 11 Indian states and 4 countries, with its flagship Aditya ferry having transported 3 million passengers over 9 years on Kerala's backwaters. The company is led by founder and CEO Sandith Thandasherry (IIT Madras naval architecture, INSEAD MBA) with a 130+ team of naval architects and marine engineers operating from headquarters in Kochi and shipyard facilities in Alappuzha and Cherthala, Kerala.

The company's technology stack is vertically integrated and includes in-house LFP and LTO marine-grade battery systems (branded RAY), Vessel Control Units (VCU) and Battery Management Systems (BMS) with real-time monitoring and three-tier safety protocols, the Greenship electric propulsion platform (scalable up to 2 MWh / 800V), and CFD-optimized hull designs that reduce drag to roughly one-third of conventional ferries. Beyond hardware, Navalt operates Oceanix, a cloud-based SaaS platform providing vessel performance monitoring, predictive analytics, anomaly detection, and decarbonization reporting for fleet operators. The product portfolio spans categories including ferries (Aditya, Indra, Poseidon, Vega, Riveire), cruise boats (LIMO, Avalon, Marsel, Estirar, Dialga, Zayle, Maritimus, Destiny, SunCRZ30), water taxis (Nirva), fishing boats (SRAV), defense vessels (Third Eye, Barracuda), and 100-tonne RoRo commercial vessels.

Navalt's revenue model centers on one-time hardware sales of custom solar-electric vessels to government transport departments (notably Kerala SWTD) and enterprise clients in tourism, fishing, and defense, with pricing on a quote basis (a typical solar ferry costs ~INR 17M / USD 250K versus ~INR 3M/year diesel operating costs for comparable ferries). The company supplements direct sales with a zero-investment dealer/partner network, professional design and engineering services, and a recurring SaaS revenue stream via the Oceanix platform. The company secured its first institutional equity investment from BanyanTree Private Equity in 2025 and has been recognized internationally, including winning the Gustave Trouvé Award (2020 for Aditya, 2022 for SRAV) and the Berlin Start-up Energy Transition Award (2023).

Name

Navalt

Legal name

Navalt Solar & Electric Boats Pvt. Ltd.

Website

https://navaltboats.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

Navalt is a Kochi, India-based marine technology company that designs and manufactures solar-electric vessels — ferries, cruise boats, fishing boats, water taxis, and RoRo ships — for government transport departments, tourism operators, defense, and commercial customers, supported by its Oceanix analytics SaaS and Greenship electric propulsion platform.

Ownership category

akta.pro rank

Product category

Solar-Electric Marine Vessels

NAICS

Ship and Boat Building (3366), Ship Building and Repairing (336611), Ship and Boat Building (33661), Boat Building (336612), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Ship & Boat Building & Repairing (3730), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Engines & Turbines (3510), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Electrical Engineering & Power Distribution (Generation, Switchboards, Cabling, Lighting) (IMAJAGAF)

akta.pro secondary industries

Shipboard Electrical Distribution, Power Conversion & Automation (IMABAKAG), Marine Generators, Alternators & Power Electronics (Gen-sets, VFDs, converters) (IMAJAHAI), Shipboard Propulsion, Power Generation & Energy Storage (IMABAKAF), Submarine Systems & Components (Pressure Hull, Ballast, Life Support) (IMABAKAL)

Keywords

• Solar electric vessels
• Marine battery systems
• Electric propulsion systems
• Fleet performance analytics
• Ferry manufacturing

Headquarters

HQ city

Cochin

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Solar-Electric Vessel Manufacturing: Design, engineering, and manufacturing of solar-electric vessels including ferries, cruise boats, fishing boats, water taxis, defense vessels, and RoRo vessels. One-time hardware sales with customization options.
2. Oceanix - Vessel Performance Analytics: Cloud-based SaaS platform for fleet performance monitoring, analytics, and decarbonization. Provides real-time insights and predictive intelligence for maritime operations.
3. Electric Propulsion Systems (Greenship): Sale and integration of electric propulsion systems (Greenship) for retrofitting or new vessel builds. Can be customized up to 2 MWh capacity and 800V.
4. Dealer/Partner Model: Zero investment model for partners to represent Navalt in new markets. Partners sell and deploy solar-electric vessels with end-to-end support from Navalt.
5. Professional Services: Design consultancy, engineering services, and technical support for vessel projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Navalt designs, manufactures, and sells solar-electric vessels including ferries, cruise boats, fishing boats, water taxis, defense vessels, and roll-on/roll-off (RoRo) ships, using in-house battery systems, electric propulsion, and CFD-optimized hull designs. The company also offers the Oceanix cloud platform for fleet performance monitoring and analytics, and the Greenship electric propulsion system for large vessel electrification. Products are sold primarily through direct enterprise sales to government transport departments, tourism operators, and defense organizations, with recurring SaaS revenue from Oceanix.

Product overview

Navalt is a marine technology company specializing in solar-electric vessels and clean maritime solutions. The product portfolio includes a comprehensive range of solar-electric boats organized into categories: Ferries (Aditya, Poseidon, Vega, Riveire, Aditya Supernova), Cruise Boats (LIMO, Avalon, Marsel, Dialga, Estirar, Zayle, Maritimus, Destiny), Water Taxis (Nirva), Fishing Boats (SRAV), Defence & Security vessels (Third Eye), and RoRo vessels. The company also operates two technology platforms: Oceanix (cloud-based vessel performance monitoring and fleet analytics) and Greenship (electric propulsion systems for vessel electrification combining solar, wind, hydrogen, battery, and engine sources). Products range from 75-passenger ferries to 100-tonne capacity RoRo vessels, with capabilities expanding into sea-going and high-speed maritime applications including hydrofoil vessels.

Differentiator

Problem solved

Functional benefit

Brands

• Oceanix: Cloud-based vessel performance monitoring and analytics platform designed for fleet efficiency and decarbonization, tracking real-time KPIs, emissions, and vessel health across maritime operations.
• Greenship
• RAY

Products and services

• Aditya India's first solar-electric ferry, a 75-passenger catamaran-type vessel operating on the Vaikom-Thavanakkadav route in Kerala for the State Water Transport Department. Pioneered commercial solar marine transport in India.
• LIMO 15-passenger premium solar-electric cruise vessel with twin 10kW MAKO S1 propulsion pod motors, three 20kWh RAY LFP marine-grade batteries, 3kW rooftop solar array, and ORCA electric steering. Delivered to Isle of Joy for premium tourism.
• Barracuda India's fastest solar-electric boat, launched in December 2023, built in collaboration with Mazagon Dock Shipbuilders Limited for defense and high-speed applications.
• Indra India's largest solar-electric ferry, a 26-metre-long, 7-metre wide vessel launched at Punnamada, Alappuzha for the Kerala State Water Transport Department.
• SRAV World's first sea-going solar-electric fishing boat with 50-km range, designed for small and medium fishers. Winner of the Gustave Trouvé Award for Best Electric Work Boat.
• RoRo Vessels 100-tonne capacity roll-on/roll-off solar-electric vessels capable of carrying four 40-feet container trucks or 30 cars at a time, being built for Kerala's State Water Transport Department.
• Poseidon Solar-electric ferry vessel in Navalt's ferry product portfolio.
• Vega Solar-electric fast ferry vessel in Navalt's ferry product portfolio.
• Riveire Solar-electric ferry vessel in Navalt's ferry product portfolio.
• Avalon Luxury solar-electric cruise boat designed for premium tourism applications.
• Marsel Eco-friendly solar-electric cruise boat in Navalt's cruise boat portfolio, shortlisted at Gustave Trouvé Awards 2023.
• Dialga Solar-electric cruise vessel in Navalt's portfolio, finalist at Gustave Trouvé Awards 2024.
• Estirar Solar-electric cruise vessel under 8m, finalist at Gustave Trouvé Awards 2025.
• Zayle Solar-electric cruise vessel in Navalt's portfolio, shortlisted at Gustave Trouvé Awards 2023.
• Apollo Commercial sea-going passenger transport vessel in development, finalist at Gustave Trouvé Awards 2025.
• Nirva Fast, silent solar-electric water taxi designed for urban waterway transport.
• Destiny Solar-electric cruise boat deployed in Chandigarh and Satpura Tiger Reserve for tourism operations.
• SunCRZ30 20-passenger, 9-metre catamaran solar-powered boat deployed at Bathinda Lake, Punjab for eco-tourism.
• Third Eye Solar-electric vessel designed for defence and security applications.
• Maritimus Solar-electric cruise yacht in Navalt's premium vessel portfolio.
• Oceanix Cloud-based vessel performance monitoring and analytics platform providing real-time insights, predictive intelligence, anomaly detection, and decarbonization analytics for maritime fleet management.
• Greenship Sustainable electric propulsion solutions for large vessels, combining solar, wind, hydrogen, battery, and engine energy sources. Customizable up to 2 MWh capacity and 800V for vessel electrification and retrofits.

Quantifiable outcome

• 30 lakh passengers transported over 9 years with Aditya ferry
• +5 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered strategic, technology, core and advisory.

• LRAJ GREEN (Goa)strategicImplementation/ SI/ Consulting Partner · 1 January 2024Goan partner building solar-electric boat with Navalt as technology and system provider. LRAJ GREEN formed to deploy first fully operational solar-electric boat in Goa, inaugurated by Chief Minister Dr. Pramod Sawant.
• Mazagon Dock Shipbuilders LimitedstrategicStrategic or Co-development Partner · 1 January 2020Partnership with government initiative under Ministry of Defence to create 10-passenger high-speed solar-powered ferry from scratch. Project inaugurated by French Ambassador to India.
• AltentechnologyTechnology or IntegrationTechnology collaborator for co-developing solar electric boats and propulsion systems.
• EVE Systems (France)technologyTechnology or IntegrationFrench partner co-developing propulsion systems and electric boat technology. Part of the original joint venture formation.
• Navgathi Marine Design & Construction Pvt. Ltd.coreStrategic or Co-development PartnerIndian ship design consultancy partner that was the precursor to Navalt. Contributed to early solar boat experiments and the creation of Aditya.
• Alternatives Energies (France)coreStrategic or Co-development PartnerFrench partner in the joint venture that formed Navalt, bringing expertise in alternative energy solutions.
• FinleadadvisoryImplementation/ SI/ Consulting PartnerFinancial advisory partner (Tony Sajan, Saranya S Pai, Sangheetha Prakasan) facilitating BanyanTree investment and growth phase.
• JSA LawadvisoryImplementation/ SI/ Consulting PartnerLegal advisory partner (Archana Tewary, Savio Tom) for investment and legal structuring.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Candela Technology: Swedish electric boat manufacturer specializing in hydrofoil-based electric vessels for passenger and leisure use. Directly comparable to Navalt as both design and build premium electric marine craft with proprietary propulsion technology and target commercial/passenger segments.
• Torqeedo (DEUTZ): German-based pioneer in electric marine propulsion, now owned by DEUTZ. Directly comparable to Navalt's Greenship propulsion line and RAY battery business, serving the same shift from diesel to electric marine powertrains across leisure and commercial boats.
• X Shore: Swedish premium electric boat manufacturer targeting leisure and tourism segments. Directly comparable to Navalt's LIMO, Avalon, and Maritimus cruise boats — both build premium electric boats with proprietary propulsion and battery systems for eco-conscious customers.
• Silent-Yachts: Italian/Austrian manufacturer of solar-electric catamarans and yachts. Directly comparable as a designer and builder of solar-electric vessels with integrated battery and propulsion systems for the luxury and tourism segments Navalt targets with cruise boats.
• Soel Yachts: Netherlands-based builder of solar-electric vessels for commercial and passenger transport. Directly comparable to Navalt's ferry and cruise boat business with shared focus on solar-electric propulsion and eco-tourism applications.
• Vision Marine Technologies: Canadian-listed manufacturer of electric boats and propulsion systems. Comparable to Navalt as a publicly-traded peer in the electric boat manufacturing space, serving both recreational and commercial marine markets with proprietary electric drivetrains.

Broad incumbents

• Corvus Energy: Canadian-headquartered supplier of marine energy storage systems for commercial vessels including ferries and offshore vessels. Comparable to Navalt's RAY battery systems business as a broader incumbent serving shipbuilders and operators globally with marine battery solutions.
• ABB Marine & Ports: Swiss-Swedish multinational providing electric and hybrid propulsion systems for ships. Comparable to Navalt's Greenship propulsion line as a broad incumbent with overlapping capabilities, but operating at significantly larger scale across the global commercial shipping industry.

Emerging players

• Pure Watercraft: US-based maker of electric outboard motors and boats focused on recreational boating. Emerging player with partial overlap to Navalt's electric propulsion technology, but focused primarily on smaller outboard applications versus Navalt's larger ferry and commercial vessel focus.
• Eco Marine Power: Japan-Australia based developer of renewable energy solutions for ships including solar panel arrays and energy storage. Comparable to Navalt as a niche player integrating solar and battery technology onto marine vessels, but primarily a technology licensor rather than full vessel builder.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/navaltboats
• Facebookfacebook.com/navaltboats
• LinkedInlinkedin.com/company/navalt

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Navalt