The club was founded on April 28, 1971, when Västerviks AIS chose to close down its hockey section and only invest in football.

Västerviks AIS decided at a members' meeting in the spring of 1971 to close down ice hockey as a program in their association.

VIK made some good training matches, including victory away in the District Championship against Vimmerby with 6–3.

Per Lyck became Västervik's premier shooter and he also won the internal shooting league with his 11 goals.

Other prominent profiles were J-Å Stillman, Bengt Karlsson, Bertil Berggren, Lennart Lindqvist and goalkeeper Berth Johansson.

In May of the same year, the first sod was dug in the Bökensved area when municipal councilor Gunnar Oskarsson took a seat in an excavator and began construction.

On the opening day, VIK crushed visiting Eksjö by a full 24–0 in front of around 1,400 cheering spectators.

[5] Prior to the season, VIK had for several years conducted a rational summer training under Anders Liffner's leadership.

Kjell Fagerström was hired as an ice coach who then moved from the city during the season and was replaced by Curt Svensson from Vimmerby.

The loss was an alarm clock and for the return match the veterans Johan Wiström, Roger Svensson and Stefan Knutsson were called in.

With that, the qualifying series awaited, where they had to face the teams Södertälje SK, Troja/Ljungby, IF Sundvall, Asplöven and Borlänge.

Johan Skinnars comforted for Södertälje in the third period, but Västervik held off without any major problems, eventually won 5–1 and were thus ready for the HockeyAllsvenskan 2016–2017.

VIK managed to win 7 out of 10 matches and thus finished in first place and could thus breathe a sigh of relief after securing the HockeyAllsvenska contract.

[13] Västervik equipped for another season in Sweden's second highest ice hockey division, which would be the club's fifth in a row.

The team's best defender in terms of points, Erik Ullman, left after the end of the season and signed for league competitor Björklöven.

The faithful servant Victor Öhman had previously extended his contract, as did another loyal player, Erik Gustafsson.

Other important names such as Oskar Drugge, Jacob Bjerselius, Tim Wahlgren, Oscar Pettersson and Marcus Westfält also extended.

In mid-May 2020, it came as a "transfer bomb" that the American hill Michael Kapla, with merits from the National Hockey League (NHL), had signed a one-year contract with the club.

Hockeyallsvenskan chose before the season that the clubs in the league would be allowed to borrow players from various NHL organizations, a decision that the SHL had already said no to.

Axel Jonsson-Fjällby, who belonged to the Washington Capitals, came in and became perhaps the one who made the most impression in the club during his loan period.

At the same time, they brought in Eetu Tuulola from the Calgary Flames, goalkeeper Felix Sandström from the Philadelphia Flyers and finally Andreas Englund from the Ottawa Senators (who, however, never came to the Allsvenskan game when he injured himself during a training match against rival Vimmerby).

Västervik continued to fill the squad with important and big names, Gerry Fitzgerald, the twin brothers Conner and Kellen Jones, the HockeyAllsvenskan profile Joakim Hagelin, Zach Budish and Ryan Gropp.

Västervik started the HockeyAllsvenska season on October 2, 2020, when they defeated AIK at Hovet in central Stockholm 4–2.

In the Hockeyallsvenskan, it worked that the three best teams from the final table had to choose opponents based on those who made it to the quarterfinals.

In the semifinals, the series winners Timrå IK became a number too big and beat VIK 4–2 in matches.

Among other things, the successful coach Mattias Karlin was recruited back to VIK after a short adventure in Mora IK, which then played in the SHL.

[17] As a thank you, VIK wanted to pay tribute to the city and brought famous buildings from the city center, the famous buildings that made up the motif were: Spårö båk, S:t Petri Kyrka, Gamla varmbadhuset, S:ta Gertruds kyrka, Nya Slottholmen, Stegeholms Slottsruin and finally Unos torn.

Västerviks IK still plays with this design today, but small changes have been made over the years such as the color of the collar, which was first white and which is now navy blue.

Top Scorer: Points (Goals+Assists) Västerviks IK has had a few players who played in the NHL and who sooner or later represented the club.

For example, Axel Jonsson-Fjällby was loaned in from the Washington Capitals, the Finn Eetu Tuulola and the goalkeeper Felix Sandström.