Join the Incrowd!
We invite you to take an exciting journey with Galvani Boats B.V., an innovative company that aims to accelerate the transition to renewable energy by greening recreational boating. Our passion for innovation and sustainable design has led to the development of a groundbreaking electric tender: the Galvani Ventisei. But we can't do it alone. That is why we are launching our 'incrowd funding' campaign and we invite you to be part of it!
By investing a minimum amount of €3000, you can help us fund the molds needed to start production of the Galvani Ventisei. For this you will receive twenty certificates of shares (0.2% of the value) of Galvani Boats B.V. by the end of 2025. As a proud co-owner you will have a front-row seat in the development of Galvani Boats.
If your interest has already been piqued, and you'd like to continue the conversation with us right away, please get in touch with us!
Download the agreement
Where are we now?
We started Galvani from an holistic vision on sustainable electric propulsion, thoughtful comfort, quality, and stunning design. While traditional market players retrofit existing boats for electric power, we chose a "greenfield" approach in which our vision and goals are realized.
Efficiency is crucial in electric boating, where lower resistance results in more efficient energy consumption. The weight distribution in an electric boat is also different from traditional boats, where the motor is the heaviest component. In an electric boat, the electric motor is lightweight, and consideration must be given to heavy batteries.
With these principles and our years of experience as avid water sports enthusiasts, we have completely redesigned the Galvani Ventisei over the past two years. Initially, we, in collaboration with Bernd Weel Design, customized the design of the Ventisei to our insights and preferences. Bernd has created a beautiful, modern tender with classic lines and a very thoughtful and comfortable interior.
Subsequently, Sea Level Naval Architects worked on the underwater hull, propulsion system layout, and all technical details. Advanced design and simulation technology were used in this process. Input included not only Bernd Weel's design but also the fully detailed "specifications" of the boat. The "specifications" list everything that needs to be on board, including dimensions and weights, from the motor and batteries to the refrigerator and lighting. An additional requirement was that we could build the boats in mass production.
The result are 3D drawings (files) of the most efficient underwater hull in which all equipment - such as the motor, propulsion, batteries, accessories, etc. - is arranged in such a way that the boat is stable, strong, safe, and economical. In addition to the 3D drawings for the hull we have also developed the deck and all hatches and bins in 3D. These 3D drawings will allow us to start producing the molds.
Coverworks and Studio Bouwmeester were responsible for the design of the seat cushions and backrests, and together with Bernd Weel, we developed a sturdy sprayhood, bimini, and cover.
Our marketing efforts have started with the website, social media channels, a brochure, and "lifelike" renders that we had created by Urge Studio.
Galvani Boats BV has a promising market position in the luxury, high-quality electric tender segment. The number of companies that have opted exclusively for electric propulsion, and developed a new boat from that philosophy, is very limited. Market reactions to the design of the Galvani Ventisei have been consistently positive.
We are ready for the next step!
Next steps
Now that the detailed design is ready, and contracts with suppliers - subject to production - have been finalized, two crucial next steps come into focus.
First and foremost is selling the Galvani Ventisei to customers. We aim to sell as much as possible directly to affluent private consumers, luxury waterfront hotels, and superyacht builders and brokers interested in the Ventisei as a tender. Our prime target market is Europe (European lakes and Mediterranean coast) and Scandinavia (lakes and sheltered coastal waters). The suggested price for the Ventisei starts from €125,000 (excluding VAT), and for the high-speed Ventisei e-HS, it's around €210,000 (excluding VAT), with a gross margin that allows us to establish a financially healthy company.
Another important step is the creation of molds necessary to build the boat's hulls. The molds will be produced by Nedcam Solutions in Heerenveen and cost approximately €300,000 (excluding VAT). Once we've signed the first three orders for the Ventisei, we will instruct Nedcam to produce the molds. With these molds, our hull builder (Adel Polyester) can produce a minimum of 100 boats.
To finance this mold investment, we are inviting investors to join us in our adventure. We call it the Galvani Incrowd!
Join the Galvani Incrowd!
Galvani Boats B.V. aims to be more than just a company; we want to be a community of like-minded individuals with a strong drive to push boundaries. With our incrowd funding campaign, we aim to harness the collective strength of a group of pioneers who share a passion for innovation and a sustainable future.
In addition to your financial interest, you become part of the Galvani Incrowd network. You gain access to Galvani events - such as the unveiling of the first hull and the initial test voyages - where you'll connect with fellow investors, industry experts, and the network behind Galvani Boats. And, of course, you'll receive the exclusive 'Galvani Incrowd' polo shirt from us!
Your investment is not only about financial returns but also about setting a course in which future generations can also enjoy being outdoors on the water with friends and family.
For more information about the Galvani Ventisei and the Galvani Incrowd program, please visit our website or check the FAQ section below. You can also reach out to us via WhatsApp.
Additionally, you can download the agreement for private investors and companies. Once you fill it out and send it to us, you will be entitled to receive certificates of shares in Galvani Boats B.V., and you'll become part of our adventure! We would love to welcome you to our 'Incrowd'!
Download the agreement
Q & A Incrowd funding
Certainly! Since we started in 2021, both founders (50/50 ownership) have invested over €60,000. This is in addition to the hours we have dedicated to the business so far. The intellectual property and rights, to everything produced thus far, belong entirely to Galvani Boats BV. The company is debt-free, and both shareholders hold 100% of the shares (50/50).
In the months to come, both shareholders will continue to invest in the company, both financially and with their time. A management fee will only be paid when the financial situation of the company allows for it.
A maximum of 20% of Galvani shares (2,000 shares) is available for Incrowd funding.
The minimum investment is €3,000. For this amount, the investor will receive twenty (20) share certificates in December 2025, which represents 0.2% of Galvani Boats BV.
It is possible to invest more in increments of €150, up to a maximum of €74,850 (4.99% of Galvani Boats).
The minimum investment amount is €3,000. Alternatively, you could pool the minimum amount of €3,000 with other people. In that case, you should make clear arrangements among yourselves because we have a maximum of one contracting party per €3,000 investment (in addition to Galvani Boats B.V.).
Shares in a company come with two types of rights:
1. Control rights (voting rights in the company's general meeting)
2. Economic rights (entitling you to, for example, dividends)
The separation of these control rights is achieved through the certification of shares. When shares are certified, they are placed in a foundation, which exercises control over these shares. This foundation, often referred to as a Stichting Administratiekantoor (STAK), then issues certificates of shares to the original shareholder.
The STAK can be seen as a pass-through entity. If the company distributes (part of) its profits, the Stichting Administratiekantoor will pass these profits on to the certificate holder(s).
A certificate mirrors a share in its value (price) and provides an equal return to the underlying share (dividend). The significant difference is that certificate holders have no control over the company and do not have the right to participate in the voting at a general shareholders' meeting.
We have implemented this structure to simplify matters. With one hundred shareholders and, consequently, 100 votes, it would become too complex to make decisions.
Certificates of shares are considered part of the company's equity. The value of these (certificates of) shares depends on the brand, intellectual property, goodwill, and, of course, the financial performance of the company.
The value can, therefore, increase when the company is doing well, or it can decrease, potentially reaching zero. Your maximum exposure never exceeds your investment.
Often (diesel) engines are chosen (too) large because they then run quieter (less noise and vibrations). This is not the case with an electric motor and the power is tuned to what is actually needed. The 10Kw motor in the Ventisei-e has 40% overcapacity and is never overloaded.
The upfront investment required is for the molds that are needed to start production. This is why we have set up the Incrowd funding initiative. All other operational costs are financed by both shareholders.
When we actually start building, the production is financed by the buyer. After placing the order for a Ventisei, the buyer makes an initial payment of 30% of the boat's selling price. Then another 20% is paid upon the delivery of the hull, 25% at the start of the outfitting phase and 15% after the outfitted hull and deck are merged. The final 10% is paid by the buyer upon approval at delivery.
Because it only makes sense to issue certificates once we have enough participants and are actually proceeding with the production and delivery of the boats. (Refer to the previous question as well.)
We have estimated the value of Galvani Boats at the end of 2025 to be €1.5 million (5.5 times EBITDA). With a sales volume of 30 boats and a revenue of approximately €4 million, the EBITDA would be €287,500.
Galvani Boats B.V. has issued 10,000 shares, making the value of one share equal to €150 (20 for €3,000).
The investment is not a loan, so you will not receive interest. The share certificates do entitle you to a proportionate share of the dividend determined by the General Meeting of Shareholders (AvA).
In addition, the (certificates of) shares increase in value when Galvani Boats is successful and the company's valuation surpasses €1.5 million.
We have limited the maximum investment to €74,850 (4.99% of Galvani Boats). This way, you stay below the 5% threshold that would give you a significant interest (according to Dutch tax law) that would be subject to Box 2 taxation.
Your participation in Galvani Boats will be taxed in Box 3 if your holdings exceed the tax-free threshold (€57,000 per person in 2023).
The certificates issued by the STAK are non-redeemable certificates. If you wish to sell your certificates at any point, you must first offer them to the other certificate holders in accordance with the blocking arrangement specified in the company's articles of association.
If other certificate holders and subsequently the shareholders have no interest, then you may sell them freely, but this is often more of a theoretical than a practical option. Selling a small quantity of share certificates in the company is quite challenging. The same applies to small share packages. Therefore, the position of a certificate holder is not less advantageous than that of a shareholder.
It is well possible that Galvani Boats B.V., if the company's financial position allows, may offer to buy back the certificates at a value determined at that time. The same may apply in case Galvani Boats B.V. is acquired by another party.
In our perspective, the Galvani Incrowd is more than just an investment in Galvani Boats. It also provides the participants with a valuable network of like-minded individuals who can meet at Galvani events. These events could include the unveiling of the first hull, the christening and test voyages of the first completed Galvani, and perhaps even a visit to our builder or another Galvani Incrowd participant.
During these events, we will share all the latest news about Galvani's progress. Additionally, we send out a quarterly newsletter to the entire Galvani Incrowd with the latest update.
Yes, please do! Either as a participant in the Incrowd or, of course, as a potential buyer of a Galvani Ventisei.
The investment and the certificates formally do not grant any control in the company, but we are certainly more than open to ideas, advice, leads, etc.
We have already received valuable help from - among others - a notary, an investment banker and a website designer. We would highly value this kind of support from the Incrowd as well! We would greatly appreciate it if you are interested in hosting a Galvani event in your company or if you are a marketer, graphic designer, or photographer and want to assist us in that capacity!
Incrowd members will receive a voucher worth €3,000, which can be used for options available with the Galvani Ventisei, such as a bow thruster, underwater lighting, etc.
Furthermore, Incrowd members will receive an exclusive set of lounge cushions as a gift upon the delivery of their Ventisei.
Our goal is to sell 15 boats through 2024. In the subsequent year (2025), we aim to double that number to 30 boats, ultimately aiming to grow to more than 40 boats per year in 2026.
We anticipate that the majority of sales will be for the displacement version (Ventisei e), with a maximum of 20% being the fast Ventisei e-HS.
