Mikkeli, Finland – February 5, 2025

Viva Jets Ltd, (Viva Electric Jets) the revolutionary electric personal watercraft company, is thrilled to announce that it has secured a substantial investment from the South Savo Startup Fund. This funding will enable the company to further accelerate the development of its sustainable and environmentally friendly electric jetski.

The South Savo Startup Fund, a prominent venture capital firm dedicated to supporting innovative startups in the Savo region in Finland, has demonstrated its confidence in Viva Electric Jets' vision and mission to transform the electic water mobility industry.

"We are elated to receive this investment from the South Savo Startup Fund," says Timo Kronqvist, CEO of Viva Electric Jets. "This funding will be instrumental in helping us achieve our goal of finishing our mass production capability in Mikkeli and thus creating a more sustainable future for personal watercraft use. We are grateful for the trust and support of our investors and look forward to continuing to push the boundaries of electric travel by water."

For Viva Jets, it has been a delightful year overall because alongside private investors, also ELY Centre (Ministry of Economic Affairs and Employment) and Suur-Savo Energy fund have made investments. Viva will bring its improved next generation version for test runs and limited edition orders this summer.

About Viva Electric Jets

Viva Jets is a Mikkeli-based company committed to revolutionizing the electric personal watercraft industry with its pioneering design and electric jet technology. The company's mission is to reduce the environmental impact with a silent, spacious, more efficient and cost-effective solution for the future.

About South Savo StartUp Fund

The fund complements the South Savo financial markets with investment capital aimed at new and young companies. It is a regional investment fund that makes investments in young companies with significant growth potential, thereby supporting business activities and the vitality of the region.

The fund is backed by the cities of Mikkeli, Pieksämäki, and Savonlinna, the South Savo ELY Centre (Ministry of Economic Affairs and Employment), and the most significant local coorporations alongside private investors.Contact:
Timo Kronqvist, CEO, Viva Jets
timo.kronqvist@vivajets.com
+358 44 597 0609