Waterloo-based ENVGO tests prototype electric hydrofoil boat on Burlington shores

Waterloo-based startup ENVGO unveiled its all-electric hydrofoil boat, the NV1, at a demonstration in Burlington. The boat rises above the water on a submerged wing once at cruising speed, eliminating wake and delivering three to four times the efficiency of a conventional boat, with a range of about 100 km and a cruising speed near 40 km/h. It also comes packed with AI-driven features like auto-docking and collision detection, aimed at making boating simpler and safer. While the current prototype costs around $400,000, the company expects that price to drop significantly once it reaches full production, with some drawing comparisons to the Tesla Roadster as an early, expensive signal of where the industry is headed.

https://www.chch.com/chch-news/waterloo-based-envgo-tests-prototype-electric-hydrofoil-boat-on-burlington-shores/