
ENVGO
Building the future of high performance hydrofoiling electric boat designs.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
investor | €0.0 | round | |
* | $2.0m | Seed | |
Total Funding | 000k |
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ENVGO is bringing cleantech solutions to the $30B recreational boating industry, with high performance electric watercraft designed around hydrofoiling technology.
The boating industry has substantial demand for cleantech solutions that match the developments we've seen in the automotive EV market. However, simply replacing combustion engine drivetrains with electric motors and batteries does not lead to a compelling alternative in the market. High speed boats require almost 10x the power of cars, and installing sufficient batteries to compete with combustion engines is not practical. Our hydrofoiling technology unlocks the 4x efficiency improvement needed to make high performance electric boats practical. Our designs also enable a unique experience of high speed flight over the water, creating another compelling reason for boaters to transition to a cleaner, better, high performance boating experience.