Azure Yacht Group

The Problem

No need to explain how irresponsible humanity is with the most sensitive part of our world: the ocean.

The average yacht spends 40–50% of the time on slow speeds, idling on diesel or gasoline engines in environmentally sensitive areas. We have built an electric boat to eliminate this problem, with no range anxiety and no need for electric infrastructure.

The Solution

Azure Hybrid 48 is a unique boat, as it was built around the hybrid-electric propulsion system. One reason why the boating industry is not advancing in electrification is because it requires significant engineering changes to the boat molds.

Our yachts are designed so that you can enjoy electric cruising without noise, fumes or vibrations, eliminating the need for a generator. At the same time, you can quickly reach remote destinations by cruising on diesel power without “range anxiety” on open waters.

The Azure 48-foot hybrid-electric is the first of its kind in the day cruising boats segment, with 56-foot and 64-foot models coming. They are conceived to cover the most popular sizes for luxury cruisers, yacht transportation and personal ownership. They are fun to drive at high speeds and very efficient in electric mode.

Our products target charter companies and high-net-worth individuals, typically with a high level of education and open to innovative technology and design. Many of these affluent customers may be Tesla owners, in which case they are already convinced of the benefits of electric/hybrid technology.

Our market have a significant increase, especially for the first time boaters. More and more people want to isolate with their families on the water. The trend towards electrification in the automotive industry gains traction in the marine industry as well. New yacht purchasers are experiencing a 6-to-18 month wait time to get their new boat in this segment – and we believe we can shorten this time by establishing the manufacturing  in the US. Our market values at $8.5Bn and grows at a rate of 5.2% CAGR.

Savings

Our clients will save not only up to $12,000 per year on fuel, but also up to $25,000 a year in maintenance costs. The resale value of our boats is also about 15–25% higher than those of our competitors.

The Proof of concept

The 36-foot boat was built by one of our advisors. It has gone through extensive testing and is currently chartered out in Miami. We have received a great amount of positive feedback from charter customers giving us a proof of concept.

The technology

Modern hybrid technology started in the maritime commercial sector. We are adopting and miniaturizing the propulsion technology in the consumer market as an intermediate step towards hydrogen or biodiesel energy sources.

An electric motor is used for speeds of up to 10 knots. Boat dynamics are much different from cars. As you move water rather than air, you have significantly higher energy consumption in a boat when compared to an electric car. You still need a higher energy density fuel to sustain higher speeds, and biodiesels or LPG gas are some directions that we can evolve.

The Business model

Our business model was inspired by highly successful brands like MJM that grew rapidly by creating innovative designs while subcontracting engineering and building to external yards. The manufacturing will be subcontracted to established builders until we achieve the critical size to justify the purchase of our own boatyard to improve marginality.

The Marketing

Our unmatched marketing strategy includes participating in multiple boat shows, charity events, and working with non-profit corporations that facilitate sustainable development in marine and ocean areas. We have a key partnership with the largest hybrid boat distributor in the US. Other marketing channels include building reviews with boattest.com, YouTube, social media, boat shows and magazines.

Competitive advantages

We are early adopters of the technology in a luxury or high-performance yachting segment (similar to Tesla). Our yachts will provide superior comfort and performance thanks to a hybrid system designed to our own specifications. The yachts will be built to the highest standards with strong attention to detail, making each of them unique and technologically advanced. Interiors are designed as an open space, functional and versatile.

Our designs aim to be between the classical lines of a Riva and the minimalistic design of a Van Dutch. As stated in the model descriptions above, our yachts are designed to be very efficient at low speeds with electric power as well as to perform at high speeds. Our closed cockpit layout is safer for families with children than those of our competitors, and it still contains all the practical features needed for an enjoyable day on the water (grill, dual fridge and even an espresso machine). We also offer more generous cabin space.

Sales plan

We are looking to start at 48-foot boat production and expand to 56- and 64-foot models.

The Ask and the Growth Plan

We are looking to raise $1,000,000 to start engineering, marketing and sales of the 48-foot model, and then another $3,000,000 to start production.

If you are interested in becoming a part of sustainable boating, then click the red button on this page to invest.

Once you click the red button, you’ll be taken to a secure online form to fill out your information and complete your investment transaction.

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The offering materials may contain forward-looking statements and information relating to, among other things, Azure Yacht Group Inc (hereby referred to as AYG), its business plan and strategy, and its industry. These forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to AYG management. when used in the offering materials, the words “estimate,” “project,” “believe,” “anticipate,” “intend,” “expect” , "could", "might", "will" and similar expressions are intended to identify forward-looking statements. These statements reflect management’s current views with respect to future events and are subject to risks and uncertainties that could cause AYG actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. AYG does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.