Artemis Racing
Artemis Technologies is a Belfast-based clean maritime technology company that has developed the proprietary eFoiler® electric hydrofoil propulsion system. It sells zero-emission electric vessels and licenses its technology to ferry operators and offshore wind crew transfer services.
- Company typePrivate
- Founded2006
- HeadquartersBethesda, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Artemis Racing does
Artemis Technologies is a clean maritime technology company headquartered in Belfast, Northern Ireland, that grew out of the high-performance sailing program of Artemis Racing. Its commercial offering is built on a proprietary electric hydrofoil propulsion platform called eFoiler®, which enables vessels to lift above the water surface to reduce drag and deliver zero-emission high-speed maritime transport. The eFoiler® platform underpins a full vessel product family — the EF-24 Passenger ferry, EF-12 Escape water taxi, EF-12 Pilot pilot boat, EF-12 Workboat and Workboat XL, EF-24 and EF-12 crew transfer vessels, and EF-12 Patrol — supported by proprietary Charging Infrastructure and Battery Systems. The company positions itself as having launched the world's first 100% electric hydrofoil pilot boat in June 2026.
The company operates three revenue streams: (1) hardware sales of bespoke electric vessels sold direct to enterprise maritime operators on quote-based, multi-year contracts; (2) technology licensing of the eFoiler® platform to third-party vessel manufacturers; and (3) Applied Technologies, a consulting service applying high-performance maritime engineering expertise to both maritime and non-maritime clients (including a January 2026 partnership with the British Bobsleigh & Skeleton Association and UK Sports Institute). The go-to-market is direct enterprise field sales targeting ferry operators (Condor Ferries), offshore wind crew transfer services (Tidal Transit), and major offshore wind developers (Ørsted), with global geographic reach but a regional concentration in UK/European maritime markets.
The company is anchored institutionally in the Belfast maritime cluster: it is a core member of the Belfast Maritime Consortium, partnered with the Offshore Renewable Energy (ORE) Catapult and Belfast Harbour, supported by the UK Research & Innovation Strength in Places Fund, engaged with the UK Department for Transport, and certified via Lloyd's Register. The sibling brand Artemis Racing continues as a competitive sailing operation and was confirmed as the Swedish team entry for the 2026 SailGP Championship under the name Artemis SailGP Team, led by CEO Iain Percy (Olympic gold medalist) with Nathan Outteridge (Olympic gold medalist) as driver.
Artemis Racing firmographics
Firmographics- Name
- Artemis Racing
- Legal name
- Artemis Racing
- Website
- https://artemisracing.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Artemis Technologies is a Belfast-based clean maritime technology company that has developed the proprietary eFoiler® electric hydrofoil propulsion system. It sells zero-emission electric vessels and licenses its technology to ferry operators and offshore wind crew transfer services.
- Ownership category
- akta.pro rank
Artemis Racing industry classification
Industry- Product category
- Electric Maritime Vessels
- NAICS
- Ship and Boat Building (33661), Ship and Boat Building (3366)
- SIC
- Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Pilot Boats & Crew Transfer/Service Craft (Pilotage, CTV-style workboats) (IMAJADAG)
- akta.pro secondary industry
- Patrol, Interceptor & Law-Enforcement Craft (Coast Guard, Customs) (IMAJADAD)
Keywords
Where Artemis Racing is headquartered
LocationHeadquarters
- HQ city
- Bethesda
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Artemis Racing business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Electric Vessel Sales: Sale of high-speed 100% electric foiling vessels including passenger ferries (EF-24), water taxis (EF-12 Escape), pilot boats (EF-12 Pilot), workboats (EF-12 Workboat, EF-12 Workboat XL), and crew transfer vessels (EF-24 CTV, EF-12 CTV) and patrol vessels (EF-12 Patrol).
- Applied Technologies Services: Technical consulting and engineering services solving intricate technical challenges for high-performance and commercial clients, leveraging Artemis expertise in maritime engineering and foiling technology.
- Technology Licensing: Licensing of proprietary eFoiler® technology to other vessel manufacturers and maritime operators for integration into their own products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Commercial vessel pricing - quote-based |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Artemis Racing product offering
Product offeringCore offering
Artemis Technologies, the commercial arm that grew out of the Artemis Racing high-performance sailing background, designs, manufactures, and sells 100% electric hydrofoil vessels for commercial maritime operators. Its product line spans passenger ferries (EF-24 Passenger, EF-12 Escape water taxi), pilot boats (EF-12 Pilot), workboats (EF-12 Workboat, EF-12 Workboat XL), crew transfer vessels (EF-24 CTV, EF-12 CTV), and patrol boats (EF-12 Patrol), all built around the patented eFoiler® electric foiling propulsion system. The company also offers Applied Technologies engineering consulting and licenses its eFoiler® technology to other vessel manufacturers.
Product overview
Artemis Technologies (related entity to Artemis Racing) is a clean maritime technology company operating a platform-plus-products architecture centered on its proprietary eFoiler® electric hydrofoil propulsion system. The core technology enables all vessel products—the EF-series line—which includes passenger ferries (EF-24 Passenger), workboats (EF-12 Workboat, EF-12 Workboat XL), crew transfer vessels (EF-24 CTV, EF-12 CTV), patrol boats (EF-12 Patrol), pilot boats (EF-12 Pilot), and water taxis (EF-12 Escape). Supporting the vessel portfolio are integrated Charging Infrastructure and Battery Systems. The company also offers Applied Technologies as a consulting service applying high-performance maritime engineering expertise to both commercial and high-performance client projects. The eFoiler® serves as the foundational technology platform underpinning the entire product family, while the vessel products represent differentiated applications targeting specific maritime market segments.
Differentiator
Problem solved
Functional benefit
Products and services
- Artemis EF-24 Passenger High-speed 100% electric foiling passenger ferry for scheduled ferry services, offering zero-emission transport with hydrofoil technology that reduces drag and energy consumption. Targeted at passenger ferry operators running scheduled inter-island, urban, and inter-city routes.
- Artemis EF-12 Escape Electric foiling water taxi for urban mobility and premium transport services, in a compact format using eFoiler® propulsion. Targets water taxi operators and premium urban transport providers.
- Artemis EF-12 Pilot 100% electric hydrofoil pilot boat for harbour pilot transfer operations, providing sustainable and efficient service for guiding vessels safely into port. Launched in June 2026 as the world's first 100% electric hydrofoil pilot boat.
- Artemis EF-12 Workboat Electric foiling workboat designed for offshore support operations, offering zero-emission capability with enhanced speed and reduced operational costs. Targeted at commercial workboat operators.
- Artemis EF-12 Workboat XL Extended length version of the electric workboat, providing additional payload capacity and workspace for demanding offshore support and service operations. Targeted at commercial workboat operators requiring larger payloads.
- Artemis EF-24 Crew Transfer Vessel Electric foiling crew transfer vessel optimised for wind farm and offshore energy sector operations, enabling efficient zero-emission personnel transport to offshore installations. Targeted at offshore wind CTV operators.
- Artemis EF-12 CTV Compact electric foiling crew transfer vessel for offshore wind farm operations, combining zero-emission transport with reduced wave-induced motions for safer crew transfers. Targeted at offshore wind CTV operators needing smaller crew transfer platforms.
- Artemis EF-12 Patrol Electric foiling patrol vessel for maritime security and surveillance operations, offering rapid response capability with sustainable electric propulsion. Targeted at coast guard, port security, and maritime patrol operators.
- Artemis eFoiler® Patented electric propulsion system with hydrofoil technology that enables vessels to lift above the water, reducing drag and energy consumption. Licensable to other vessel manufacturers and forms the core platform underpinning the entire EF-series vessel line.
- Charging Infrastructure Electric vessel charging systems and infrastructure designed to support the fleet of electric foiling vessels, enabling rapid recharge for continuous commercial operations. Sold alongside Artemis electric vessels to vessel operators and ports.
- Battery Systems Advanced marine-grade battery technology systems providing reliable energy storage and management for electric propulsion in demanding marine environments. Sold as a standalone power system to support Artemis and compatible electric vessels.
- Applied Technologies Engineering consultancy providing tailored technical solutions for high-performance and commercial clients, leveraging Artemis expertise in hydrofoil design, electric propulsion, and advanced maritime systems. Used by both commercial maritime clients and high-performance sports organisations.
Quantifiable outcome
- Zero emissions in operation
- +1 more outcomes
Companies that use Artemis Racing
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
Artemis Racing technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Artemis Racing partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Belfast Maritime ConsortiumcoreStrategic consortium partnership focused on developing Belfast as a center for clean maritime technology. Artemis Technologies is a key member driving innovation in electric vessel development and maritime decarbonization.
- Offshore Renewable Energy (ORE) CatapultcorePartnership with UK offshore renewable energy research organization to develop and test electric vessel technology for offshore wind applications including crew transfer operations.
- ØrstedcorePartnership with leading offshore wind developer to provide electric crew transfer vessels for offshore wind farm operations, supporting Ørsted's sustainability and decarbonization goals.
- Department for TransportcoreGovernment partnership supporting development of clean maritime transport solutions. Company hosted Secretary of State visit as region accelerates delivery of clean maritime innovation.
- Belfast HarbourminorPort partnership for vessel testing, demonstration, and operational deployment of electric vessels in Belfast harbour operations.
- Maritime UKminorMembership in maritime industry organization representing and promoting UK maritime sector, supporting industry collaboration and standards development.
- Tidal TransitcoreCrew transfer operator for offshore wind sector that procures and operates Artemis electric crew transfer vessels for wind farm maintenance operations.
- Condor FerriesminorChannel Islands ferry operator that is a customer/user of Artemis electric vessel technology for passenger ferry operations.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Artemis Racing competitors and assessment
Company assessmentDirect peers
- Pure Watercraft: US-based electric marine propulsion company producing drop-in electric outboard systems for recreational and light commercial boats. Comparable as an electric-only propulsion specialist selling into commercial vessel operators.
- Brødrene Aa: Norwegian builder of high-speed lightweight ferries using carbon-fibre composites. Comparable customer base and use case (commercial high-speed passenger ferries) even though Artemis differentiates through electric foiling propulsion.
- Vision Marine Technologies: Canadian electric boat and propulsion technology company focused on high-power outboard electric systems for recreational and commercial boats. Comparable technology stack and electric vessel commercialisation stage.
- Torqeedo: Electric marine propulsion specialist (now part of Deutz AG) supplying integrated electric drive systems for boats. Comparable as an electric propulsion technology supplier targeting both leisure and commercial marine customers.
- Incat: Australian builder of large high-speed aluminium ferries for global commercial operators. Comparable as a high-speed commercial vessel specialist serving similar ferry and crew transfer customers, though currently focused on conventional rather than electric propulsion.
- Evoy: Norwegian electric marine propulsion systems provider for inboard and outboard applications. Comparable to Artemis as a specialist in commercial-grade electric marine powertrains targeting workboat and commercial vessel operators.
- Candela Technology: Swedish maker of electric hydrofoil vessels (e.g., Candela P-12 shuttle), the most direct competitor to Artemis's eFoiler®-based commercial ferry and water taxi strategy. Both target zero-emission high-speed passenger transport using foiling technology.
- X Shore: Swedish electric boat builder commercialising premium electric leisure and commercial craft. Overlaps with Artemis on electric marine propulsion architecture and European zero-emission maritime positioning.
Broad incumbents
- Volvo Penta: Major marine propulsion OEM with an active electromobility programme for commercial vessels. A broad incumbent that competes indirectly by offering conventional and electric marine drivelines at scale to ferry, workboat, and offshore customers.
- ZF Marine: Global supplier of marine propulsion systems, driveline technology, and hybrid/electric solutions for commercial and leisure marine. Broad incumbent comparable on propulsion-system integration for commercial vessels.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Artemis Racing social profiles
Digital presenceArtemis Racing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Artemis Racing leadership team
Management profileNumber of profiles
Profiles2 records
Artemis Racing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Artemis Racing 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 Artemis Racing
What does Artemis Racing do?
Artemis Technologies, the commercial arm that grew out of the Artemis Racing high-performance sailing background, designs, manufactures, and sells 100% electric hydrofoil vessels for commercial maritime operators. Its product line spans passenger ferries (EF-24 Passenger, EF-12 Escape water taxi), pilot boats (EF-12 Pilot), workboats (EF-12 Workboat, EF-12 Workboat XL), crew transfer vessels (EF-24 CTV, EF-12 CTV), and patrol boats (EF-12 Patrol), all built around the patented eFoiler® electric foiling propulsion system. The company also offers Applied Technologies engineering consulting and licenses its eFoiler® technology to other vessel manufacturers.
Is Artemis Racing a public or private company?
Artemis Racing is a private company. It is classified as unknown and is currently operating.
When was Artemis Racing founded?
Artemis Racing was founded in 2006. It employs 51 to 100 people.
Where is Artemis Racing based?
Artemis Racing is headquartered in Bethesda, United States, in the North America region.
How does Artemis Racing make money?
Three revenue lines are on record. Electric Vessel Sales are the primary driver. The others are applied Technologies Services and technology Licensing.
Who are Artemis Racing's main competitors?
Direct peers on record are Pure Watercraft, Brødrene Aa, Vision Marine Technologies, Torqeedo, Incat, Evoy, Candela Technology and X Shore. Broad incumbents are Volvo Penta and ZF Marine.
Does Artemis Racing have an API?
No public API is recorded for Artemis Racing.
What industry is Artemis Racing in?
Artemis Racing's product category is Electric Maritime Vessels. Its primary akta.pro industry code is IMAJADAG, Pilot Boats & Crew Transfer/Service Craft (Pilotage, CTV-style workboats), with a secondary code of IMAJADAD, Patrol, Interceptor & Law-Enforcement Craft (Coast Guard, Customs). Its NAICS code is 33661 and its SIC code is 3730.