Singapore’s EPS Ventures and Norwegian Nysnø Climate Investments Invest in Zinus for Sustainable Maritime Solutions
Singapore’s Eastern Pacific Shipping Ventures (EPS Ventures) and Norwegian state-owned Nysnø Climate Investments have become shareholders in shore power solutions provider Zinus through joint investment.
Zinus announced that EPS Ventures and Nysnø Climate Investments have collectively injected NOK 50 million (approximately $4.5 million) into the company through a private placement, securing seats on the Board of Directors and strengthening their strategic involvement.
Existing shareholders LOS Gruppen, Eviny Ventures, and DSD will maintain their full ownership stake in Zinus.
Accelerating Growth and Innovation in Sustainable Maritime Technologies
Endre Eidsvik, CEO of Zinus, expressed enthusiasm about the new co-owners’ involvement, stating that they bring significant strength to the company. This partnership will enable Zinus to expedite growth and innovation in sustainable maritime technologies.
Eidsvik also revealed that Zinus plans to hire 15 new employees in 2025 to support and drive this growth forward.
“Our new investors provide crucial capital for innovation and growth, while sharing a commitment to advancing shore power solutions in the shipping industry. With their extensive maritime expertise and global networks, we are well-positioned to expand internationally. Having already established our products in over ten countries, we remain dedicated to introducing our sustainable technology to new markets worldwide,” Eidsvik explained.
Driving Sustainability in the Maritime Industry
Gary Ong, Investment Manager at EPS Ventures, emphasized the alignment of Zinus with their mission to support innovative solutions that promote sustainability in the maritime sector. Shore power solutions play a crucial role in reducing the carbon footprint of global shipping, and Zinus has established itself as a leader in this field. Ong expressed excitement about partnering with Zinus and Nysnø to accelerate the adoption of technology that contributes to decarbonizing the maritime industry.
Yvonne Silden Langlo, Senior Investment Manager at Nysnø, highlighted Zinus’s innovative technology solutions that address the pressing issue of maritime emissions, which account for 3% of global emissions. With Norway’s strength in the maritime sector, Zinus, headquartered in Bømlo, has gained significant global recognition. Nysnø’s investment aims to support Zinus’s international expansion and contribute to the sector’s efforts in decarbonization.