What Hyke does

Hyke is a Norwegian maritime technology company founded in 2019 and headquartered in Oslo, with a secondary office in Gamle Fredrikstad. The company designs and manufactures electric passenger ferries for B2B customers including municipalities, government transport authorities, ferry operators, and tourism providers. The company is led by founder Bård Eker, who serves as CEO and Executive Chairman of the Board.

The core product is the Hyke F-15 Shuttle, a 15-meter autonomy-prepared electric passenger vessel accommodating up to 50 passengers with a 5.5-ton payload capacity and barrier-free boarding for bicycles, wheelchairs, and strollers. The vessel's differentiated technical specifications include 12+ hours of continuous operation on a single charge (versus an industry standard of 2-4 hours), a 30-minute full charge at 200 kW via the Combined Charging System (CCS) standard shared with electric cars, and 88% lower energy consumption compared to diesel ferries. Vessels are constructed by manufacturing partner Herde Kompositt in Hardanger using Norwegian composite components.

Hyke's revenue model is anchored in hardware sales of vessels to enterprise customers, supplemented by fleet partnership models that include leasing and joint-venture arrangements (such as the Cityboat joint venture between Rødne and Viking Adventure). Pricing is quote-based and not publicly disclosed. The go-to-market is enterprise field sales targeting urban developers, city planners, and transport operators across Europe (Norway, Sweden, Germany, France, Italy, Greece) and now India, where the company has signed a flagship partnership with the Maharashtra Maritime Board for the Mumbai Water Metro project covering 31 routes and 45 terminals under a public-private partnership model.

Name

Hyke

Legal name

Hyke AS

Website

https://hyke.no

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Hyke is a Norwegian maritime technology company that designs and manufactures electric passenger ferries for B2B customers including municipalities, government transport authorities, and ferry operators across Europe and India.

Ownership category

akta.pro rank

Product category

Electric Passenger Ferries

NAICS

Coastal and Great Lakes Passenger Transportation (483114), Inland Water Passenger Transportation (483212)

SIC

Water Transportation (4400)

akta.pro primary industry

Urban/Commuter Ferry Operators (Harbor/Water Taxi) (TLAFALAB)

akta.pro secondary industries

Urban & Commuter Ferries (Scheduled Public Service) (THAIAJAA), Passenger Ferries & Water Taxis (Fast Ferries, RoPax, Catamarans) (IMAJADAC)

Keywords

• Electric passenger ferries
• Zero-emission water transport
• Urban mobility solutions
• Autonomous-ready ferries
• Electric marine vessels

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Operations, Personnel, Marketing or Sales

Revenue model

1. Electric Ferry Sales: Hyke designs and manufactures electric ferries for B2B customers including ferry operators, municipalities, and government bodies. Revenue is generated through vessel sales and likely includes service/maintenance contracts.
2. Fleet Partnership Models: Partnerships with ferry operators including joint ventures and leasing arrangements, such as the Cityboat joint venture where vessels are leased to operators.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Hyke designs and manufactures zero-emission electric passenger ferries — primarily the 15-meter F-15 Shuttle carrying up to 50 passengers with extended battery range and CCS fast charging — and delivers urban mobility partnership services that help municipalities, ferry operators, and developers deploy sustainable waterborne transport networks across Europe and globally.

Product overview

Hyke offers a focused portfolio of electric ferry products and urban mobility services. The core product is the Hyke F-15 Shuttle, an autonomy-prepared electric passenger ferry designed for urban water transport. The company also provides urban mobility solutions through strategic partnerships with ferry operators, municipalities, and developers to implement electric ferry systems. The product line centers on zero-emission electric propulsion with CCS charging compatibility, targeting smart city waterway networks.

Differentiator

Problem solved

Functional benefit

Brands

• F-15 Shuttle: 15-meter electric passenger vessel designed for urban mobility, accommodating up to 50 passengers with 12+ hours of continuous operation on single charge, featuring barrier-free boarding for bicycles, wheelchairs, and strollers.

Products and services

• Hyke F-15 Shuttle Electric Passenger Ferry A 15-meter autonomy-prepared electric passenger ferry accommodating up to 50 passengers with 5.5 tons of payload capacity. Features barrier-free boarding for bicycles, wheelchairs, and strollers; delivers 12+ hours of continuous operation on a single charge; and supports 30-minute full charging at 200 kW via CCS-compatible EV chargers. Designed for urban public transport, harbour cruises, water taxi, and tourism use cases, and built using Norwegian components with a lightweight composite hull. Sold to municipalities, ferry operators, and tourism providers.
• Hyke Urban Mobility Solutions A partnership and advisory offering for local ferry operators, urban developers, and municipalities seeking to implement zero-emission electric ferry systems and plan for autonomous ferry operations. Delivered in conjunction with the F-15 Shuttle hardware to support end-to-end fleet modernization.

Quantifiable outcome

• 88% less energy compared to diesel ferries
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Maharashtra Maritime BoardflagshipStrategic or Co-development PartnerStrategic partnership between Maharashtra Maritime Board and Hyke AS for the Mumbai Water Metro project. Project covers 31 water transport routes and 45 passenger terminals with estimated investment of ₹6,600 crore under public-private partnership model. Phased rollout expected from December 2026 with projected 7.5 crore annual ridership by 2031.
• Cityboat (Joint Venture: Rødne and Viking Adventure)coreStrategic or Co-development PartnerNorwegian maritime operators Cityboat (joint venture between Rødne and Viking Adventure) invested in Hyke F-15 Shuttle - a 15-meter electric passenger vessel for harbour cruises around Haugesund. Vessel built by Herde Kompositt in Hardanger using Norwegian components.
• Herde KomposittcoreTechnology or IntegrationNorwegian boat builder contracted to construct Hyke F-15 Shuttle vessels using mainly Norwegian components in Hardanger region.
• European Ferry Operators (Norway, Sweden, Germany, France, Italy, Greece)coreChannel Partner/ Reseller/ DistributorActive collaboration with B2B partners and government bodies across Europe including ferry operators in Norway, Sweden, Germany, France, Italy, and Greece for implementing zero-emission electric ferry systems.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Wärtsilä: Finnish global marine technology major with electric and hybrid ship propulsion portfolios serving ferry, cargo, and offshore segments. Comparable as a broader incumbent competitor that Hyke will increasingly face as commercial tenders scale beyond pilot deployments.

Others

• Corvus Energy: Canadian-Norwegian maritime battery systems supplier powering many commercial electric and hybrid ferries. Comparable as a complementary/alternative supplier in the electric ferry ecosystem; understanding Corvus helps benchmark the marine battery layer underpinning Hyke's range claims.
• Echandia: Swedish supplier of heavy-duty battery and fuel cell systems for marine and offshore applications. Comparable as a complementary enabling technology provider in the electric ferry value chain, supplying energy storage to several of Hyke's competitors.

Emerging players

• Vessev: New Zealand-based electric hydrofoil ferry developer pursuing urban and tourism passenger routes in APAC. Comparable as an emerging electrified passenger ferry platform with overlapping go-to-market in coastal cities and tourism operators.
• Torqeedo: German maker of electric marine propulsion systems (outboards and inboards) acquired by Deutz. Comparable in advancing electric drivetrain technology for smaller commercial and recreational vessels, including harbour and water taxi use cases adjacent to Hyke's market.
• Zeabuz: Norwegian autonomous urban ferry technology spin-out from NTNU, focused on autonomy and fleet orchestration for small passenger vessels. Comparable to Hyke in target use case (urban water mobility) and Norwegian maritime ecosystem, with overlap in autonomous-ready positioning.

Direct peers

• SeaBubbles: French developer of electric hydrofoil water taxis for urban river and harbour transport. Comparable to Hyke in targeting zero-emission, short-range urban passenger mobility with a similar European municipal sales motion.
• Green City Ferries: Sweden-headquartered electric passenger ferry operator and integrator serving European harbour routes. Comparable as a competitor for electrified urban passenger ferry contracts with overlapping customer base of municipalities and operators.
• Candela: Swedish maker of the Candela P-12 electric hydrofoil ferry, marketed for urban commuter routes and zero-emission harbour transport. Competes head-to-head with Hyke for European municipal and tourism electric ferry tenders, with comparable claims on energy efficiency and quiet operation.
• Artemis Technologies: Northern Ireland-based developer of the eFoiler, an electric hydrofoil passenger ferry targeting urban and harbour routes. Directly comparable to Hyke as a competing electrification platform for short-range passenger water transport with a focus on energy efficiency and city operators.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hyke