Vessev ·20 August 2026·4 outlets
Vessev raised $32.6 million to build more electric hydrofoils in Auckland
Vessev raised a Series A reported at $32.6 million to expand production in Auckland and open a United States market. Its nine-meter VS-9 has carried paying passengers with Fullers360 on the Waitemata Harbour since January 2025, one of the first electric hydrofoiling ferries anywhere in commercial service.
We backed Vessev because efficient electric marine transport is a large opportunity, and hydrofoiling is the approach that makes battery-powered range and comfort work on the water. The team put a certified vessel into commercial service with New Zealand's largest ferry operator before raising this round, which shows it can build and ship hard hardware. As operators face pressure to cut emissions and fuel costs, quiet, efficient electric craft are moving from novelty to a serious commercial option.
- Company
- Vessev, www.vessev.com
- First reported
- 20 August 2026
- Outlets
- BusinessDesk, NBR, RNZ, NZ Herald
Who covered it
- Electric hydrofoil startup Vessev buoyant after $32.6m fundraiseBusinessDesk, 21 August 2026
- Vessev raises $32m Series A as Lake Tahoe hails hydrofoilsNBR, 21 August 2026
- NZ marine tech company Vessev raises $32 million in funding for US expansionRNZ, 21 August 2026
- Vessev raises $32.6m to expand Auckland hydrofoiling boat production and exportsNZ Herald, 20 August 2026
Headlines and links belong to the publications that wrote them. Everything above this line is ours.