Electric hydrofoil startup Vessev raises $32.6m for US expansion
Auckland-based electric boat maker Vessev has raised NZ$32.6m to boost production and expand into the United States.
Vessev, an Auckland startup that manufactures electric hydrofoil passenger boats, has secured US$19 million in Series A funding and follow-on financing. The capital will enable the company to increase production of its VS-9 boats at its Mt Wellington plant and expand into the American market. The company's boats are being deployed for America's first electric hydrofoil ferry service across Lake Tahoe.
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BusinessDesk
Electric hydrofoil startup Vessev buoyant after $32.6m fundraise
Electric hydrofoil startup Vessev has raised US$19 million (NZ$32.6m) to ramp up boat production and expand into the United States. The Series A raise and follow-on financing will allow Vessev to produce 10 of its VS-9 hydrofoil boats a year…
NZ Herald
Vessev raises $32.6m to expand Auckland hydrofoiling boat production and exports
Auckland start-up makes sales in NZ, Australia, Ireland and now the US.
RNZ
NZ marine tech company Vessev raises $32 million in funding for US expansion
The VS-9 passenger boats will be used in America's first electric hydrofoil "flying" ferry service across Lake Tahoe.
1News
Auckland electric hydrofoil maker raises $32.6m for US expansion
Vessev's preparing to ramp up production of its electric hydrofoiling passenger boats.