We make electric boats with recyclable materials.
Business overview
Location | Christchurch, United Kingdom |
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Social media | |
Website | www.pixii.co.uk |
Sectors | Automotive & Transport Non-Digital B2C |
Company number | 12971363 |
Incorporation date | 18 Oct 2020 |
Investment summary
Business highlights
- Leisure boat market is worth $41bn, electric marine vehicles market worth $4.2bn expected to double by 2027.
- Early adopters of our Pixii's show market fit (2 sold already).
- Founders steering toward growing maritime electric age.
- 100% Ownership Pixii Ltd, Hippo Commercial Ltd, Lyte Drive Ltd.
Idea
Introduction
The maritime industry contributes 2.5% to global Co2 levels. NEVA Group aims to bring new, sustainable tech to this category and act as a guiding light for the sector while the market grows.
Our founder, Charles Hall, was frustrated by the lack of choice for sustainable leisure boats. This led him to meet NEVA's other co-founders Daniel Simpson & Paul Luscombe.
The leisure boat market is worth around $41bn. The zero carbon portion is valued at around $4.9bn and growing, taking market share from the combustion propulsion market.
NEVA Group Ltd has three subsidiaries:
1.Pixii - currently trading and producing electric leisure boats using recycled materials.
2.Lyte Drive - not yet trading but our mission is for Lyte Drive to redesign electric jet propulsion.
3.Hippo Commercial - not yet trading but our aim is to bring to market and sell electric, commercial boats.

Our business model is to design and sell electric propulsion vessels. We are currently outsourcing the production.
We aim to sell our boats with regional dealers. We also aim to develop synergies with international supercharging partners.
Monetisation strategy
NEVA generates revenue by designing and selling Pixii electric boats. The sales strategy is to work with international marine dealerships to aid in gaining international market traction and after-sales care. We have an average margin of 40% on our vessels and are competitively priced compared to the current electric boat market.

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