Zinus welcomes $4 million investment to boost shore power 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 said the two companies had jointly invested NOK 50 million (around $4.5 million) through a private placement, securing 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 stake.

According to Endre Eidsvik, CEO of Zinus, the new co-owners will bring “significant strength”, enabling the company to “accelerate growth and innovation in sustainable maritime technologies”.

Eidsvik added that the company plans to recruit 15 new employees in 2025 to accelerate and support this growth.

“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,” Eidsvik commented.

Gary Ong, Investment Manager at EPS Ventures, declared: “Investing in Zinus aligns with our mission to support innovative solutions that drive sustainability in the maritime industry. Shore power solutions are critical to reducing the carbon footprint of global shipping, and Zinus has proven itself as a leader in this space. We are excited to partner Zinus and Nysnø to accelerate the adoption of technology that drives the decarbonisation of the maritime sector.”

Yvonne Silden Langlo, Senior Investment Manager in Nysnø, added: “With innovative technology solutions, Zinus addresses the critical issue of maritime emissions, which account for 3% of worldwide emissions. Norway’s strength in the maritime sector presents a unique opportunity, and Zinus, headquartered in Bømlo, has achieved a prominent global standing. Our investment seeks to support their growth internationally and contribute to the sector’s decarbonization efforts.”