Twin Vee PowerCats Co., incorporated in Florida as Twin Vee Catamarans, Inc., on December 1, 2009 and re-incorporated in Delaware in April 2021. ValueRich completed the acquisition of Twin Vee Catamarans, Inc., on February 17, 2016. On April 26, 2016, ValueRich changed its name and began operations as Twin Vee Powercats, Inc. Twin Vee PowerCats Co., is a designer, manufacturer and marketer of recreational and commercial powered catamarans.