Vessev
- Company typePrivate
- Founded2017
- HeadquartersAuckland, New Zealand
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
Vessev firmographics
Firmographics- Name
- Vessev
- Legal name
- Vessev
- Website
- https://vessev.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Vessev industry classification
Industry- Product category
- Electric Hydrofoiling Marine Vessels
- NAICS
- Ship Building and Repairing (336611), Ship and Boat Building (3366)
- SIC
- Ship & Boat Building & Repairing (3730), Water Transportation (4400)
- akta.pro primary industry
- Passenger Ferries & Water Taxis (Fast Ferries, RoPax, Catamarans) (IMAJADAC)
- akta.pro secondary industries
- Marine Hybrid & Electric Propulsion Systems (IMAJAHAC), Catamaran & Multihull Leisure Craft Manufacturing (IMAJAEAC)
Keywords
Where Vessev is headquartered
LocationHeadquarters
- HQ city
- Auckland
- HQ country
- New Zealand
- HQ region
- Oceania
Offices2 records
Markets served
Vessev business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure
Revenue model
- Electric Hydrofoiling Vessel Sales: Sale of electric hydrofoiling vessels including VS-9, VS-12, and VS-18 models. Vessels sold directly to commercial operators, luxury resorts, and tourism operators.
- Charging Infrastructure & Services: CCS2 charging compatible vessels with support for AC and DC charging. Remote telemetry monitoring and support services.
- Charter and Experience Services: Vessels operated in charter configurations through partners like Fullers360 offering electric hydrofoil tourism experiences.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | VS-9 vessel configurations |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Vessev product offering
Product offeringCore offering
Vessev designs, builds, and assembles in-house battery-electric hydrofoiling vessels for commercial passenger transport, tourism, and luxury hospitality. Its flagship product is the VS-9, an 8.95-metre hydrofoiling catamaran carrying up to 10 passengers at a 25-knot cruise speed with a 50 nautical mile range, and the first electric hydrofoiling vessel certified for commercial tourism service globally. Larger VS-12 and VS-18 vessels are in development, and the proprietary VS-Drive submersible propulsion system is also offered.
Product overview
Vessev is an electric hydrofoiling vessel company offering a portfolio of battery-electric hydrofoil boats and propulsion technology. The core product lineup includes three vessel sizes: VS-9 (8.95m, in production), VS-12 (11.5m, coming soon), and VS-18 (19.5m, coming soon). The VS-9 serves as the flagship model and is available in four configurations: Skye (premium lifestyle), Hardtop (open-sided for tropical climates), Cabin (enclosed with climate control), and Premier (luxury six-seater). All vessels feature proprietary hydrofoil technology, retractable foil systems, and carbon fibre construction. The company also offers the VS-Drive submersible motor as a modular propulsion component. Applications span passenger services, luxury hospitality, waterfront developments, and tourism experiences.
Differentiator
Problem solved
Functional benefit
Brands
- VS-9: Eight-point-nine-meter battery-electric hydrofoiling catamaran with up to 10 passenger capacity, 50 nautical mile range at cruise speed, and commercial-grade certification.
- VS-12
- VS-18
- VS-Drive
Products and services
- VS-9 Electric Hydrofoiling Catamaran Flagship 8.95-metre battery-electric hydrofoiling catamaran with a carbon fibre hull, fully retractable foil system, intelligent flight control, DNV type-approved lithium iron phosphate batteries, and CCS2 EV-style AC/DC charging. Carries up to 10 passengers plus 1000 kg payload, cruises at 25 knots, tops out at 30 knots, and delivers up to 50 nautical miles of range at cruise speed. Available in four configurations (Skye, Hardtop, Cabin, Premier) and is the first electric hydrofoiling vessel certified for commercial tourism service. Sold to commercial ferry operators, luxury resorts, and tourism operators.
- VS-Drive Submersible Propulsion System Submersible electric motor propulsion module for hydrofoiling vessels, with custom brushless motors, direct-drive architecture (no gearbox), 65 kW continuous power, 400 Nm torque, and a closed-loop active cooling system that keeps the motor running below 50°C. Powers the VS-9 and is the foundation for Vessev's propulsion roadmap.
Quantifiable outcome
- 90% reduction in energy consumption compared to displacement vessels of same size
- +4 more outcomes
Companies that use Vessev
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Vessev technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Vessev partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- ENAUTIC GroupcoreAerospace engineer Josh Portlock founded ENAUTIC Group. Reserved fleet of VS-9s for Swan River in Perth, Australia. Initial focus on premium tourism experiences including wine cruises, twilight sailings, and private charters with plans for commuter routes. Wake restrictions limit traditional ferries to 5-8 knots, but VS-9's zero wake opens new opportunities.
- Finn LoughflagshipLuxury eco resort in Northern Ireland will be first luxury hospitality destination in Europe to offer electric hydrofoiling transport. VS-9 will be used for guest transfers and lough exploration. Co-owner Michael Beare cited VS-9's fully retractable foils as standout feature for navigating wind, rocky shallows, and low bridges.
- Fullers360flagshipPartnership with New Zealand's largest ferry operator to bring VS-9 zero-emission hydrofoiling vessel to the Hauraki Gulf. Fullers360 became first operator to commercialise an electric hydrofoiling vessel. Partnership significant in Fullers360's decarbonisation journey and marked beginning of new era of premium sustainable tourism experiences.
- NetZero MaritimecoreFullers360's specialist maritime green technology and innovation team. Played pivotal role in VS-9's adoption and certification process. Supported vessel design for commercial and tourism transport specifications.
- Taupō Water SportscoreJames and Laurel Kells operating Taupō Hydrofoil Tours with VS-9 on Lake Taupō. Third electric hydrofoiling boat in commercial operation globally, first on freshwater. Year-round premium tourism experiences including Māori Rock Carvings tours.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Vessev competitors and assessment
Company assessmentBroad incumbents
- Torqeedo: German electric marine propulsion market leader (now part of Deutz AG), producing motors and integrated systems for electric boats. Provides the broader incumbent competitive context for Vessev's VS-Drive propulsion offering.
- Corvus Energy: Canadian supplier of lithium-ion battery energy storage systems for marine and offshore use, including hybrid/electric ferries. Directly comparable to Vessev's DNV-type-approved LFP battery architecture for commercial passenger vessels.
- Brunswick Corporation (Navico parent): US marine conglomerate that owns Navico (marine electronics, where John Scott was previously an executive). Broad incumbent with multiple marine brands potentially overlapping Vessev's vessel and electronics offerings as the industry electrifies.
Emerging players
- Pure Watercraft: US-based electric outboard motor and boat propulsion company. Comparable as a peer in the broader electric boat transition, with similar enterprise/outdoor recreational focus and direct-to-customer GTM model.
- Evoy: Norwegian supplier of high-output electric inboard/outboard propulsion systems for commercial and leisure boats. Comparable to Vessev's VS-Drive as an electric marine propulsion specialist serving the same transition to zero-emission vessels.
- Boundary Layer Technologies: US-based electric hydrofoiling watercraft company developing the Electra Foil series. Overlaps with Vessev in hydrofoil engineering and electric marine propulsion but focuses on smaller recreational craft rather than commercial ferries.
- Navier Boats: California-based startup developing hydrofoiling electric boats (Navier 30). Comparable in early-stage commercial traction and target customers, with similar focus on US foiling leisure/experience market.
Direct peers
- Candela Technology: Swedish maker of electric hydrofoiling leisure boats (Candela C-8, C-9, P-12 shuttle). Most direct competitor to Vessev's VS-9, also targeting foiling passenger ferries with similar zero-wake, high-efficiency technology and operating in shared geographies.
- Artemis Technologies: Belfast-based developer of the Artemis eFoiler electric hydrofoiling workboat/ferry platform (notably partnering with Harland & Wolff). Directly comparable to Vessev's VS-9/VS-18 commuter ferry roadmap, with overlapping Northern Ireland/UK customer base.
- X-Shore: Swedish electric boat builder selling the X-Shore 1 and Eelex 8000 leisure craft. Competes with Vessev at the premium electric boat level and shares Josh Trout as a former employee, making it a directly comparable peer in technology positioning and customer overlap.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Vessev social profiles
Digital presenceVessev compliance and trust
Trust signalCompliance3 records
Vessev financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vessev leadership team
Management profileNumber of profiles
Profiles13 records
Vessev funding detail
Funding detailFunding overview
Funding rounds7 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vessev M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vessev
What does Vessev do?
Vessev designs, builds, and assembles in-house battery-electric hydrofoiling vessels for commercial passenger transport, tourism, and luxury hospitality. Its flagship product is the VS-9, an 8.95-metre hydrofoiling catamaran carrying up to 10 passengers at a 25-knot cruise speed with a 50 nautical mile range, and the first electric hydrofoiling vessel certified for commercial tourism service globally. Larger VS-12 and VS-18 vessels are in development, and the proprietary VS-Drive submersible propulsion system is also offered.
Is Vessev a public or private company?
Vessev is a private company. It is classified as venture growth investor backed and is currently operating.
When was Vessev founded?
Vessev was founded in 2017. It employs 11 to 50 people.
Where is Vessev based?
Vessev is headquartered in Auckland, New Zealand, in the Oceania region.
How does Vessev make money?
Three revenue lines are on record. Electric Hydrofoiling Vessel Sales are the primary driver. The others are charging Infrastructure & Services and charter and Experience Services.
Who are Vessev's main competitors?
Broad incumbents on record are Torqeedo, Corvus Energy and Brunswick Corporation (Navico parent). Emerging players are Pure Watercraft, Evoy, Boundary Layer Technologies and Navier Boats. Direct peers are Candela Technology, Artemis Technologies and X-Shore.
Does Vessev have an API?
No public API is recorded for Vessev.
What industry is Vessev in?
Vessev's product category is Electric Hydrofoiling Marine Vessels. Its primary akta.pro industry code is IMAJADAC, Passenger Ferries & Water Taxis (Fast Ferries, RoPax, Catamarans), with a secondary code of IMAJAHAC, Marine Hybrid & Electric Propulsion Systems. Its NAICS code is 336611 and its SIC code is 3730.