solstice yachts / floeth yachts catamarans

What solstice yachts / floeth yachts catamarans does

Solstice Yachts / Floeth Yachts Catamarans, legally Glolo (Thailand) Co., LTD, is a Thai-incorporated boatbuilder founded in 2004 and headquartered at a 30,000+ sqm manufacturing facility with an on-site launching pad in Map Ta Phut, Rayong, Thailand. The company operates two distinct divisions: a commercial arm that designs and builds passenger transfer, day-charter, and party catamarans (c55, c58, c85) primarily for Thai tourism operators, and a luxury arm — rebranded in September 2024 as Solstice Yachts — that produces bespoke and semi-custom power catamarans from 42 to 145 feet (Independence i42, Kraken i52, Independence i68, i85, i110, and i145) for high-net-worth individuals in the USA, Canada, Germany, Australia, and Singapore.

The firm's technical differentiation centers on solar-electric and hybrid propulsion, large photovoltaic surfaces paired with micro-inverter arrays (28-42 kW across the lineup), high-efficiency wave-piercing hull designs that enable low fuel consumption and high cruising speeds (e.g., 16 knots at 780 HP on the i110), and hybrid power systems developed in collaboration with Australian physicists. The i110 is positioned as a transatlantic-capable yacht without refueling. Models are offered with solar-electric, hybrid, or diesel propulsion options depending on buyer preference.

Floeth generates revenue through one-time sales of custom and semi-custom vessels with quote-based pricing (the i42 is publicly positioned under $500,000 USD; larger and bespoke builds are individually quoted). Go-to-market is direct sales, supported by a North America sales line, a Thailand sales line, named sales contacts (Paul Reeves, Tracy Cummings), website quote forms, and a structured factory-visit program at the Rayong boatyard. The company is privately held with no disclosed institutional investors or funding rounds.

Name

solstice yachts / floeth yachts catamarans

Legal name

Glolo (Thailand) Co., LTD

Website

https://floethyachts.com

Company type

Private

Founded year

2004

Operating status

Operating

Short description

Thailand-based boatbuilder (founded 2004) operating two divisions: commercial passenger catamarans for Thai tourism and luxury solar-electric catamarans (42-145 ft) under the Solstice Yachts brand for global HNW buyers, all produced from a 30,000+ sqm Rayong facility.

Ownership category

akta.pro rank

Product category

Luxury and Commercial Catamaran Manufacturing

NAICS

Boat Building (336612), Ship Building and Repairing (336611), Ship and Boat Building (33661)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Luxury Yacht Systems Integration & Commissioning (Shipyard) (IMAJAMAI)

akta.pro secondary industries

Semi-Custom & Series Production Yacht Manufacturing (IMAJAEAM), Marine Generators, Alternators & Power Electronics (Gen-sets, VFDs, converters) (IMAJAHAI)

Keywords

• Luxury catamaran manufacturing
• Solar-electric propulsion systems
• Commercial passenger vessels
• Custom power catamarans
• Marine hybrid technology

Headquarters

HQ city

Rayong

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Luxury Catamaran Sales: Sale of bespoke, semi-custom luxury catamarans ranging from 42' to 145' under the Solstice Yachts brand. Solar-electric, hybrid, or diesel-powered options available.
2. Commercial Catamaran Sales: Sale of commercial passenger vessels including transfer boats (c55), charter boats (c58), and party boats (c85). Models designed for island transfers, day charters, and entertainment.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Floeth Yachts / Solstice Yachts designs, manufactures, and sells semi-custom and bespoke power catamarans in two divisions. The luxury Solstice Yachts line includes the Kraken i52 and Independence i68, i85, i110, and i145 (42' to 145') with solar-electric, hybrid, or diesel propulsion. The commercial Floeth line includes the c55 transfer boat, c58 day-charter boat, and c85 party boat (up to 105 passengers) for tourism and ferry operators.

Product overview

Floeth Yachts Catamarans operates two distinct divisions: luxury catamarans and commercial catamarans. The luxury division (now branded as Solstice Yachts) produces semi-custom power catamarans ranging from 42 to 145 feet including Independence i42, Kraken i52, Independence i68, Independence i85, Independence i110, and Independence i145 models. These feature advanced solar-electric propulsion systems, hybrid options, or diesel engines with a focus on sustainability, endless range, and luxury amenities. The commercial division manufactures passenger transfer and charter vessels including c55 Transfer Boat (up to 105 passengers), c58 Charter Boat (up to 50 passengers), and c85 Party Boat (up to 100 passengers), primarily serving Thailand's tourist industry.

Differentiator

Problem solved

Functional benefit

Brands

• Independence: Luxury catamaran line featuring solar-electric and diesel propulsion options, ranging from 42 to 145 feet.
• Kraken
• Commercial Series

Products and services

• Kraken i52 (i52) Luxury Performance Catamaran The industry's first lightweight full-size multi-cabin (up to 4 cabins) luxury performance catamaran, designed to reach speeds comparable to modern high-performance center consoles. Features 4 cabins, 2 bathrooms, kitchen, 2 living spaces, main helm, flybridge, and 2 large sun decks.
• Independence i68 Solar-Electric Luxury Catamaran Solar-electric luxury catamaran featuring endless range, low emissions, and silent cruising. Incorporates one of the world's most efficient hull designs with a 28 kW micro-inverter solar array through collaboration with Australian physicists; hybrid system offers viable alternative to traditional sailboats.
• Independence i85 Luxury Catamaran Industry's largest 85-foot luxury catamaran featuring a sustainable solar-powered luxury design approach. Includes a 36 kW micro-inverter solar array and one of the world's most efficient hull designs accommodating both diesel and electric propulsion options.
• Independence i110 Transoceanic Luxury Catamaran World's first transoceanic yacht with entirely green non-propulsion systems. Features a 42 kW micro-inverter solar array, ability to cross the Atlantic twice without refueling, high-efficiency wave-piercing hulls enabling 16 knot cruising speeds with only 780 horsepower, and fuel consumption of 88 liters per hour at cruising speed.
• Independence i145 Flagship Luxury Catamaran Flagship luxury and safety catamaran (145') featuring a helipad that transforms into a swimming pool, two hot tubs, and a colossal transom hydraulic platform with split design for independent launching and retrieval of watercraft.
• Independence i42 Entry-Level Luxury Catamaran Entry-level luxury catamaran under USD 500,000 with 22 kt speed, 1,000 mile range, and strong fuel economy. Features option of single king-size cabin or two cabins with enclosed toilet and shower; powered by 2 x 140HP outboards.
• c55 Commercial Transfer Boat Versatile transfer boat certified to accommodate up to 105 passengers. Meets international classification standards with coastguard classification. Can be configured as diving platform, ambulance, or luxury cruiser; runs up to 46 knots top speed.
• c58 Commercial Day Charter Boat Day charter catamaran accommodating up to 50 passengers and 6 crew members. Features outdoor entertainment including inflatable slider, pools, inflatable dock, and optional flybridge jacuzzi. Available with 2-4 cabin layouts with private ensuites.
• c85 Commercial Party Boat Premier party charter boat certified for up to 100 passengers. Features luxurious hot tub, bar area, and dedicated dance area. Efficient hull design ensures excellent fuel economy with powerful diesel engines.

Quantifiable outcome

• Endless range capability with solar power at reasonable speeds
• +6 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sunreef Yachts: Polish builder of bespoke luxury sailing and power catamarans (Eco, Ultimate, Explorer lines) up to superyacht size. Most direct competitor to Floeth's Solstice/Independence line in semi-custom luxury catamarans.
• Lagoon Catamarans: World's largest catamaran builder (Beneteau group), producing cruising catamarans from 40 to 78 feet. Direct competitor across the entry-to-mid luxury catamaran segment where Floeth's i42 and Kraken 52 compete.
• Fountaine Pajot: French catamaran and motor yacht manufacturer producing sailing and power catamarans (Asthma, Tanna, Power67). Competes with Floeth on semi-custom luxury catamarans in the 40–80 ft segment.
• Leopard Catamarans: South African-built cruising and power catamarans (40–53 ft) under the Robertson and Caine brand. Direct competitor in the global power catamaran segment for private buyers and charter operators.

Emerging players

• Silent-Yachts: Austrian/Italian builder of solar-powered catamarans offering zero-emission cruising. Closest technology analog to Floeth's solar-electric Independence line and a direct competitor for sustainability-focused HNW buyers.
• Sun Power Yachts: Swiss builder of solar-electric catamarans (SP 40, SP 50). Emerging competitor with similar sustainability-driven technology thesis in the smaller luxury power catamaran segment.
• Wider Yachts: Italian builder of hybrid and electric motor yachts and catamarans. Comparable through its electrification push and premium positioning against the Solstice i85/i110 range.

Broad incumbents

• Horizon Yachts: Taiwanese luxury motor yacht and catamaran builder producing vessels from 60 ft to 140+ ft including the PC and FD series. Comparable in size and Asian manufacturing footprint, with broader superyacht portfolio overlap.
• Princess Yachts: Established British luxury motor yacht builder (30–95 ft). Competes at the broader luxury yacht level for HNW buyers considering a power catamaran versus a monohull motor yacht.
• Mochi Craft / Ferretti Group brands: Large Italian luxury yacht conglomerate (Ferretti, Pershing, Riva, Itama). Competes for the same ultra-HNW customer that Floeth targets with the i145 mega-catamaran.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/solstice-yachts-floeth-catamarans

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 solstice yachts / floeth yachts catamarans