Former Mowi CEO Alf-Helge Aarskog has invested in electric boat manufacturer Evoy and joined the company as a member of the board.
Floro, Norway-based Evoy has produced vessels for several other maritime sectors, but is now focused on expanding into the aquaculture sector.
Aarskog said the potential reduction in maintenance time and fuel costs will make Evoy's vessels attractive.
Evoy CEO and co-founder Leif Stavostrand said Aarskog's expertise will be "invaluable" as the company builds up for international expansion. Evoy has received investments from government accelerator Innovasjon Norge, and recently completed a NOK 8.5 million (€780,000/$850,000) share issue. It's unclear how much of the share issue Aarskog acquired.