Singapore-based Eastern Pacific Shipping Ventures (EPS Ventures) and Norwegian state-owned Nysnø Climate Investments have jointly invested NOK 50 million in Zinus, a leading innovator in 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.
Cutting edge technology
Zinus is widely recognised as a leader in developing and supplying cutting-edge charging and shore power solutions. Technologies which are essential for reducing the maritime industry’s carbon footprint. Access to shore power allows vessels to turn off fossil fuel engines during port stays, leading to significant reductions in CO2 emissions. Expanding charging infrastructure further enables the use of hybrid and fully electric vessels for cargo and passenger transport, with minimal or zero greenhouse gas emissions.
“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 in 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.
New investor consortium a strong endorsement of our mission
EPS, one of the world’s largest privately owned shipping companies, is dedicated to catalysing maritime innovation through its venture arm, EPS Ventures, which invests in transformative technologies and sustainable solutions. State-owned Nysnø invests in companies with technology for reducing greenhouse gas emissions.
– “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,” says Gary Ong, Investment Manager at EPS Ventures.
– 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, says Yvonne Silden Langlo, Senior Investment Manager in Nysnø.
– EPS Ventures’ and Nysnø’s entry into Zinus is a resounding endorsement of our technology and the vital role it plays in decarbonising global shipping. Their investment is both a strong industrial and governmental cheer for our mission: Supplying the most innovative, efficient, aesthetic and user-friendly solutions for an electrified world, CEO in Zinus, Endre Eidsvik concludes.
About Zinus
Zinus AS is a global leader in the design and manufacture of cable management systems and autonomous shore power solutions for the maritime industry. Dedicated to sustainability, Zinus supports the global energy transition by providing zero-emission power technologies that combine functionality, efficiency, and aesthetic design. The company was established in 2018 and is headquartered in Bømlo, Norway.
About Eastern Pacific Shipping (EPS)
With over 60 years of history, Eastern Pacific Shipping Pte. Ltd. (EPS) is a leading shipping company committed to green and technology-driven growth. Headquartered in Singapore, EPS has more than 250 vessels, as well as 70 newbuilds on order. 6,000 sea and shore staff operate the versatile fleet of 21 million deadweight tonnes across three core segments: container ships, dry bulk, and tankers. The company integrates all key functions, including commercial, finance, innovation, operations, and technical expertise, within its shore team. EPS Ventures is the company’s corporate venture capital arm.
About Nysnø Climate Investments
Nysnø Climate Investments is the Norwegian state’s climate investment company. Nysnø invests in companies and funds with technology for reducing greenhouse gas emissions. With a managed capital of 5,4 billion NOK, Nysnø invests in renewable energy, digital technologies, resource efficiency, sustainable consumption and circular economy. Nysnø is headquartered in Stavanger and is owned by the Ministry of Trade, Industry and Fisheries. For more information visit https://www.nysnoinvest.no/en/.
