ZeroJet & Tectrax merge to lead electric marine market

ZeroJet and Tectrax, New Zealand-based companies specialising in electric marine technology, have announced a merger set to conclude by December 2024.

The merger aims to combine ZeroJet's 48V electric propulsion systems with Tectrax's electric amphibious solutions, forming a new entity in the marine technology sector.

This collaboration is expected to enhance their product offerings and global market reach. ZeroJet has gained recognition for its electric jet propulsion systems, utilised by prominent boat manufacturers such as Highfield Boats, Spark, and Agilis for their 2025 product lines.

Tectrax, known for its electric amphibious systems, offers solutions tailored for challenging coastal conditions, providing high torque and power suitable for soft sand and hill climbs. This merger is expected to strengthen their positions within the industry.

Mark Robotham, CEO of ZeroJet, stated, "This merger establishes a powerful platform for innovation and resilience, positioning us to become one of the largest suppliers of electric marine systems globally." The merger will leverage shared technologies, supply chains, and sales channels to create a multi-product company aiming for accelerated growth amidst a challenging global economic landscape.

The electric marine sector continues to develop despite challenging economic conditions, driven by advancements in battery technology and regulatory pressures to reduce emissions.

The market is expected to grow annually at a rate between 7.5% and 12%, encompassing segments such as luxury yachting, recreational boating, and commercial tourism vessels.

This strategic merger presents an opportunity for traditional marine manufacturers to transition into the electric marine industry. It highlights New Zealand's role as a leader in sustainable marine technology, expanding its influence in the global market.

Neil Mans, Co-Founder of ZeroJet, commented, "There's so much development in electric marine. We're showing how a company in New Zealand can lead the way. We've seen it before with companies like Rimac Automobili in Croatia—they're amazing, completely redefining electric performance in vehicles."

"I see the same drive, the same level of engineering and innovation in this new company as I do in Rimac's workshop, except we're doing it all in marine."