The startup develops retractable bow foil technology that utilizes a smart retraction mechanism and lightweight composite materials to enhance lift in marine vessels. This technology reduces fuel consumption and minimizes ship motions in waves, providing a more efficient and stable maritime experience.
Funding
$3.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Marine vessels operating in waves experience increased resistance and decreased propulsion efficiency, leading to higher fuel consumption and uncomfortable ship motions. These amplified motions, especially when wave lengths are similar to the hull length, can significantly impact vessel performance and passenger comfort.
Solution
Wavefoil provides retractable bow foils designed to mitigate these challenges by converting wave energy into propulsive power. The foils generate lift as the vessel moves in waves, creating a forward thrust that counteracts wave resistance. By dampening heave and pitch motions, Wavefoil's technology reduces additional resistance, leading to fuel savings in the range of 5-15% for suitable ships. Beyond fuel efficiency, the system enhances comfort by reducing vibrations and spray, increasing operability, and enabling higher speeds in waves for a given power output. The retractable design allows for optimal performance in varying sea conditions.
Target Audience
The primary target audience includes operators of passenger vessels, yachts, crew transfer vessels (CTVs), emergency response vessels, live fish carriers and other workboats seeking to improve fuel efficiency, stability, and passenger comfort in wave-prone environments.
Features
- Retractable bow foils constructed with lightweight composite materials
- Smart retraction mechanism for adapting to different sea states
- Dampens heave and pitch motions, reducing wave-induced resistance
- Converts wave energy into propulsive thrust
- Reduces fuel consumption by 5-15% in suitable vessels
- Improves passenger comfort by minimizing vibrations and spray