Single-person hydrofoil boat!

🌊 WATERSPORTS

When it comes to raising funding for a new venture, there are several routes an entrepreneur can take. Traditional methods include seeking venture capital or angel investors, which often involve pitching to investors for a significant financial stake in the company. Another popular method is securing loans or grants, which can help fund specific aspects of the project. Recently, equity crowdfunding has become an increasingly popular way for companies to raise capital, allowing individuals to invest in and own a small part of the company, thus fostering community support and shared interest in the venture. Below, is an example of an gas-electric boat company running a fund raising campaign.

Please note the following should not be construed as any type of financial advice, endorsement, or investment recommendation. Always complete your own due diligence.

Genesis Marine Technologies is currently running a fundraising campaign on Wefunder for the development of the Genesis 24, the world’s first hybrid wakesurf boat. The Genesis 24 is a groundbreaking vessel that combines electric and gas propulsion, designed to deliver both eco-friendly boating and high-performance wakesurfing. This hybrid system ensures reduced emissions without compromising on power or fun. The boat features a spacious layout ideal for wakesurfing and other water sports, with advanced features to enhance the boating experience. Sea trials for the Genesis 24 are planned for October 2024, marking a major milestone in its development. The campaign showcases over $1 million in pre-orders and significant engineering support from Siemens Simcenter. The funds raised will be used for completing the prototype, launching a demo tour, and establishing a production facility in San Antonio, TX. Early investors are offered incentives, including a SAFE agreement with a $22.5 million valuation cap. For more details, visit their funding page.

🏄🏾‍♂️ E-FOIL

The FoilOne Pegasus is a sleek, single-passenger electric hydrofoil designed and made in Finland, and it's available now for pre-order. With its lightweight carbon fiber hull and design inspired by the 1950s Formula One cars, the Pegasus is all about effortless style and exhilarating performance.

The Pegasus combines innovative electric propulsion with a hydrofoiling experience that makes it feel like you're flying just above the water. Its precise engineering and stunning design make it a must-have for anyone looking for a thrilling, eco-friendly boating experience.

FoilOne, the company behind the Pegasus, was founded with a passion for freedom and a commitment to redefining watercraft design. Based in Finland, FoilOne focuses on creating electric hydrofoils that offer an exhilarating experience while keeping sustainability at the forefront. The company is driven by a desire to push boundaries, blending advanced technology with stunning design to provide products that stand out both in performance and aesthetics.

Specifications and features:

Visit the FoilOne website for more details.

⚙️ WORTHY READS

1. EV Magazine article - Covering market size and the Halevai Model 2050.

2. Electrek article - Title: Are electric boats going mainstream? Cover a big order for X Shore boats.

🖌️ SOCIAL MEDIA POST OF THE WEEK

A cartoon from BoatUS:

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