Elvictor Group Secures Up to $5M for AI Crew Platform Development

ATTIKI, GREECE, October 27, 2026 /CourierPR/ -- Elvictor Group, a provider of maritime crew management and recruitment services, has secured an agreement for up to US$5 million in equity financing from a US-based investor. The proceeds from the agreement are intended to support the development of Elvictor's AI-enabled platform for crew recruitment and management. The platform aims to digitize and streamline paper-intensive workflows, enabling Elvictor to serve additional clients and seafarers without a proportional increase in operating costs and personnel as the business expands.

The Company, which is currently operating its initial minimum viable product (MVP) in a limited capacity, intends to use the net proceeds from any sales of shares under the agreement for research and development of its AI-enabled crew recruitment and management platform, technology infrastructure, and personnel. The platform is designed as an AI-first crew-management network connecting seafarers, ship managers, and personnel across Elvictor's international office network. By reducing the documentation and compliance-verification burden across these groups, Elvictor aims to improve service responsiveness and transparency.

Elvictor Group Inc. (OTC: ELVG), the company behind the platform, is a provider of fully digitalized crew and ship management services. The company's strategic focus is on AI-driven workforce solutions, mergers and acquisitions (M&A) driven expansion, and cost-efficient vessel ownership.

The Company currently intends to use the net proceeds from any sales of shares under the agreement for research and development of its AI-enabled platform, technology infrastructure, and personnel. By digitizing and streamlining paper-intensive workflows, Elvictor aims to serve additional clients and seafarers through a scalable platform without a proportional increase in operating costs and personnel as the business expands. There can be no assurance that the Company will achieve this goal.

Elvictor Group Inc. (OTC: ELVG) is transforming the fragmented maritime industry through its fully digitalized crew and ship management platform designed to enhance operational efficiency and reduce costs. The company's internal research indicates that it is among the first companies in the crew recruitment and management sector to centralize AI in its operating model and adopt an AI-first operating model, positioning the company to bring greater automation, efficiency, and transparency to an industry that continues to rely heavily on manual processes.

The Company reports that its initial minimum viable product (MVP) is operating in a limited capacity. Selected workflows are already in active internal use, with additional capabilities and integrations continuing to be developed. Management expects broader adoption of AI applications to improve operating efficiencies and reduce unit costs as the platform scales. The Company has not yet realized material cost savings from the platform, and there can be no assurance that the platform will produce the anticipated efficiencies and transparency.

The SEC declared the effectiveness of a resale registration statement covering the Investor's resale of the shares on October 27, 2026. The Company is not obligated to sell any shares under the agreement, and there can be no assurance that it will receive the full US$5 million commitment. The platform is being designed as an AI-first crew-management network connecting seafarers, ship managers, and personnel across Elvictor's international office network. It is intended to reduce the documentation and compliance-verification burden across these groups and improve service responsiveness and transparency.