Vessev: The Tesla of Water Transport?

New Zealand-based Vessev is making waves—literally. Founded in 2018 by Max Olson, the company is leading the shift toward sustainable marine transport with its cutting-edge electric hydrofoiling technology. By lifting vessels above the water’s surface, Vessev’s boats reduce drag and cut energy consumption by up to 95%, making them one of the most efficient electric watercraft on the market.

What is Hydrofoiling and Why Does it Matter?

Hydrofoiling boats aren’t new—New Zealand’s America’s Cup teams have been refining them for years. But Vessev is bringing this game-changing tech to commercial passenger transport.

• How it Works: Hydrofoils act like underwater wings, lifting the hull out of the water to reduce friction.
• Why it Matters: This means higher efficiency, lower energy costs, and zero emissions, making it a serious contender in the race for sustainable maritime transport.

Meet the VS-9: A Game-Changing Electric Ferry

Vessev’s VS-9 is its first commercially operational electric hydrofoil ferry.

• Size: 9 meters (29.3 feet)
• Capacity: 10 passengers
• Top Speed: 25 knots (29 mph / 46 km/h)
• Range: 50 nautical miles (57.5 miles / 92.6 km) per charge
• Material: Carbon fiber for durability and weight savings

The VS-9 entered commercial service on January 29, 2025, in partnership with Fullers360, the largest ferry operator in New Zealand. It now offers tourism trips across Auckland’s Waitematā Harbour, giving passengers a smooth, silent ride with none of the emissions of traditional ferries.

What Makes the VS-9 Unique?

Vessev isn’t just building another electric boat—it’s reinventing how we travel on water. The VS-9’s hydrofoils make the ride nearly silent and incredibly stable, even in rougher waters. Its carbon-fiber build, ergonomic interiors, and panoramic windows ensure a premium passenger experience.

The Cost of Innovation: Is It Worth It?

• Price: US$620,000
• Long-Term Savings: Lower fuel and maintenance costs compared to diesel-powered ferries
• Environmental Impact: Zero emissions, helping ferry operators meet sustainability goals

For ferry operators like Fullers360—aiming for an all-electric or hydrogen fleet by 2040—the upfront cost of the VS-9 is a smart investment in the future of marine travel.

Scaling Up: The VS-18 and Beyond

Vessev isn’t stopping at small passenger ferries. The VS-18, a 100-passenger version, is already in development. This move signals serious ambitions to replace traditional ferries with high-speed, electric hydrofoil alternatives for urban and regional water transport.

Funding and Future Growth

• Investors: Icehouse Ventures, Blackbird Ventures
• Funds Raised: NZ$3.6 million
• Next Steps: Further funding rounds to expand production and scale globally

Is Vessev the Future of Sustainable Marine Travel?

With its world-first commercial hydrofoiling ferry, Vessev is proving that electric boats can be fast, efficient, and commercially viable. As cities worldwide look to cut emissions, electric hydrofoil ferries could soon become a common sight in major waterways.

For now, the VS-9 is a glimpse into the future of clean, high-performance water transport—and it’s already making waves in Auckland.