Hi, do you have any patents?

Hey Lea - we are keeping the majority of the software technology a trade secret, and will be filing a few patents on the mechanical systems we have developed before we launch.

Hi, are there large tanker designs. Im wondering how this design scales to the larger commercial usecase?

Hey Noah! We do have plans for high powered systems to be used in vessels like ferries and micro-container ships designed to replace air freight.

This technology and company looks promising, a few questions: -Approximately when are you planning to close the current investment round? -What does your competition look like or any other color around that? -Any current (2023) or forecasted financials you can share (beyond th...

Hey Joe! -We are targeting end of April for the close of this round. -Competition - existing non-electric non foiling would be Seadoo, Yamaha etc in PWC, and Mercury, Yamaha, Volvo in the boat engine space. Electric PWCs there are folks like Tiaga in Canada. Electric boats there are a bunch like Arc, Pure Watercraft and torqeedo Foiling electric boats - we have Candela in Sweden, Navier in the US, overboat in Italy, a few other smaller ones. The way we see it - to win the market you need a pr...

I saw in your presentation on Jan 10 that the valuation was at $20M, and now it is February and I see $50M. Why is it not offered at $20M? as it looked like that would be the raise at the time

Hey Enoch - we decided to shifted things around and modified the terms to something that ultimately put us in a better position to succeed in building our vision.

Valo (YC W19) Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

$3.5M+ hydrofoil watercraft pre-sales

$124M in Letters of Intent with Fortune 100 firms, ferry groups, & original equipment manufacturers

Led by 2X YC-backed founder & world-class team from McKinsey, Oracle, & Boeing

Team has built 1st hydrofoiling container ship, e-foiling boats, self-landing rockets, & drones

Massive $114B recreational & commercial boating market

Backed by leading venture funds Y-Combinator (YC), Soma Capital, Fifty Years VC, & Climate Capital

Valo (YC W19)

Hydrofoils unleashing a new era of water transportation

$2,145,319

Valo (YC W19)

Quick facts

Team profiles

Featured investor profiles

$2,145,319

Ask