Eastern Pacific Shipping Ventures and Nysno invest in shore charging company Zinus

Singapore-based Eastern Pacific Shipping Ventures (EPS Ventures) and Norwegian state-owned Nysnø Climate Investments have jointly invested NOK50 million (US$4.4 million) in Norwegian maritime charging and shore power solution provider Zinus.

This private placement 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.

The current shareholders, LOS Gruppen, Eviny Ventures, and DSD, will retain their full ownership stakes.

“Our new investors bring vital capital to drive innovation and growth, alongside a shared commitment to advancing shore power solutions for the shipping industry," said Endre Eidsvik, CEO of Zinus.

"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."

Zinus plans to recruit 15 new employees in 2025, expanding the team from 50 to 65, Eidsvik added.