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Eastern Pacific Shipping and Nysnø invest in maritime charging and shore power provider Zinus

Singapore-based Eastern Pacific Shipping Ventures (EPS Ventures) and Norwegian state-owned Nysnø Climate Investments have jointly invested NOK 50 million in Zinus, a supplier of maritime charging and shore power solutions.

"The new co-owners bring significant strength to our company, enabling us to accelerate growth and innovation in sustainable maritime technologies," says Endre Eidsvik, CEO of Zinus.

This private placement of NOK 50 million secures EPS Ventures, the corporate venture capital arm of Eastern Pacific Shipping (EPS), and Nysnø as shareholders in Zinus. Both investors will also take seats on the company's Board of Directors, further solidifying their strategic involvement.

The current shareholders—LOS Gruppen, Eviny Ventures, and DSD—will retain their full ownership stakes and continue to provide strong support for the company’s vision and growth journey.

"Our new investors bring vital capital to drive innovation and growth, alongside a shared commitment to advancing shore power solutions for the shipping industry. With their extensive maritime expertise and global networks, we are well positioned to accelerate our international expansion. Already established with our products in over ten countries, we remain dedicated to bringing our sustainable technology to new markets worldwide, says Endre Eidsvik, CEO of Zinus.

- We plan to recruit 15 new employees in 2025, expanding our team from 50 to 65, to support and accelerate this growth, Eidsvik adds.

© Shippax

Dec 18 2024


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