Auckland Electric Hydrofoil Maker Raises $32.6M for US Expansion

Auckland-based electric boat builder Vessev has secured $32.6 million in new funding to scale up local manufacturing and launch its hydrofoiling vessels into the United States market, according to the company. The financing arrives as the firm targets production of one VS–9 vessel every five weeks by 2027. Vessev Secures First US Customer on Lake … Read more