Investor relations
GSM Electric develops, produces and markets electric drive systems for both newly manufactured and existing boats.
The largest business is currently in the Nordic market, where customers are shipyards and boat owners. The company’s operations were founded in 1999 with headquarters in Gothenburg.
GSM Electric conducts a rights issue
We plan for an increased market presence
Electric propulsion for boats has been developed and marketed under the brand GreenStar Marine for over 20 years. The founders were early on with the idea of converting diesel-powered boats to electric ones, perhaps they were a little too early.
The automotive industry is driving the development of batteries, which is a prerequisite for boat motors to be efficiently electrified as well. Today there are completely different conditions for electric propulsion.
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