Progress in World’s First Electric Yacht Project as Investors Meet in Croatia

Back in April we wrote about Croatian inventor Mate Rimac, the man behind the world’s first electric super car – the Concept One, and his plans to turn his attentions to developing what would be the world’s first electric yacht, now we can report that progress is being made…

The main investor in the first real fast electric yacht Cadia Yachts S.A. were in Croatia last month where they met with Rimac Automobil and other partners in order to identify further steps that need to be taken for the manufacturing of the electric vessel. Jure Valant (President of Cadia Holding and Shareholder in Cadia Yachts S.A.), Martin Jordanov (Project Manager for Cadia Yachts S.A.), Ulf Tudem (Managing Director of Effect Ships International AS), Jasmina Cerina (Executive Director of Elan Motor Yachts Ltd.) and Monica Mikac (COO of Rimac Automobili d.o.o.) took part in the meetings.

“The meeting in Croatia between Cadia Yachts, Rimac Automobili, Elan Motor Yachts and Effect Ships International (ESI) is one of the most important for the present stage of the project. Finalizing agreements about the processes of the boat testing was one of the main discussion points along with details around project development stages, plan of actions and identifying market opportunities. Cadia Yachts visited the premises of Rimac Automobili near Zagreb, Croatia where details around the electric motors and batteries needed for the construction of the yacht were discussed,” said Cadia Yachts, adding that they also visited the production center of Elan Motor Yachts Ltd. In Obrovac, Croatia where analysis of the production line confirmed to fully satisfy the requirements for the construction of the electric yacht.

Elan Motor Yachts premises in Croatia. On the picture from left to right: Jure Valant, Martin Jordanov, Ulf Tudem & Jasmina Cerina.

Cadia Yacths say that the outcome of the meetings is that such innovation to the maritime industry would undoubtedly be an ultimate success. Worldwide positive trend for the EV industry is projected to reach $ 6.3 billion by 2023. During the same period the prices of petroleum-based fuels are anticipated to continue to climb while battery packs prices are expected to decrease.

“It is needless to say that such an innovative electric vessel has immense market opportunities throughout the world not only among electric vehicles enthusiasts, but also in metropolitan areas with high pollution levels and national parks where electric motor vessels are prohibited.”

The project for the first real fast electric yacht is open to international investors who see the potential and future in the industry of electric vessels. For more details you can visit Cadia Yacht’s For Investors page or contact [email protected]. (pic: Cadia Yachts)