After over 2 years of patent development the company was founded on July 5th 2010 by Dr. Oliver Kormann. Shortly after the foundation of the company the austrian government and the federal state of Salzburg supported the project KORMARAN through the Austrian Research Promotion Agency (FFG). The company was also supported by Peter Daniell Porsche, who became a partner at the end of the year 2012.

In the year 2017 the investors decided due to a new strategic and political portfolio decision to withdraw from the company. The following investors were not able to take over the shares within an appropriate time slot until 2018, so the company had to be liquidated. Dr. Oliver Kormann secured all patents, worldwide trademarks and design protection rights and bought all assets of the company including the prototypes, bureau and workshop equipment and all means of production. Due to his personal integrity nearly all development and cooperation partners and suppliers committed to stay in the KORMARAN projects and to continue cooperation. The company was completely renewed in 2019 under the same trademark and name without any obligations. Sadly the pandemic and the delivery shortage in the years 2020 until 2022 delayed the operational restart. Since April 2022 a demonstrator for customer test drives is build up and will probably be available in summer 2023.

The company is ready to start production in 2023 on sold boats.