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2 clusters · 8 sources · 6 days · First seen · Last updated

Vessev electric hydrofoil expansion

Overview

Auckland-based marine technology company Vessev has secured approximately NZ$32.6 million (US$19 million) in Series A and follow-on funding to facilitate its expansion into the United States market.

The investment round was led by Blackbird Ventures, with participation from GD1, Rypples, K1W1, Icehouse Ventures, Shasta Ventures, and NZVC. Vessev intends to use the capital to accelerate the serial production of its VS-9 electric hydrofoiling vessel, expand its global go-to-market team, and advance its onboard software and telemetry platforms. The company also aims to support future manufacturing plans within the United States.

As part of its U.S. entry, Vessev has secured FlyTahoe, a sustainable water transit operator in Lake Tahoe, California, as its first American commercial customer. The company’s VS-9 vessel, named Kermadec, has been shipped to the U.S. for demonstrations at New York Climate Week and in Washington, D.C.

Entities

Lake Tahoe · Eric Laakmann · Vessev · FlyTahoe · Blackbird Ventures

Timeline

  1. 26 days ago

    [BUSINESS] 2 sources
    Vessev secures $19M Series A to launch electric vessels in the U.S

    Marine tech firm Vessev secured $19 million in Series A funding to launch its electric hydrofoiling vessels in the U.S., naming FlyTahoe in Lake Tahoe as its first American customer.

  2. about 1 month ago

    [BUSINESS] 6 sources
    Vessev raises NZ$32.6m to expand electric hydrofoil production and enter U.S. market

    Auckland's Vessev has raised NZ$32.6 million to scale production of its electric hydrofoil vessels and expand into the U.S. market, securing FlyTahoe as its first American customer.

Sources

bairdmaritime.com · boatingnz.co.nz · business.scoop.co.nz · evsandbeyond.co.nz · marinebusinessworld.com · startupdaily.net · thefishingwire.com · world-today-news.com