LONDON, Apr 19, 2024 – (ACN Newswire) – The London EV Show, UK’s largest EV event, has made a powerful comeback for its fourth edition. To be held in ExCeL London on November 26-28, 2024, the show promises to be bigger and more impactful than ever. Building on the remarkable records of the past editions, #levs24 is all set to welcome 15,000+ attendees, 350+ exhibitors, 180+ speakers and 70+ media partners from across the world.
“The response to LEVS 2023 exceeded all expectations,” said Shariq Abdulhai, CEO of the London EV Show. “As we are all set for the 4th edition, we are poised to elevate every aspect by bringing together a powerful cross-section of the EV world.”
Key Highlights of the 3rd Edition:
– EV Enthusiasts Converge: With over 7,300+ business visitors from the entire EV value chain, the event displayed great enthusiasm towards electric vehicle adoption.
– Supportive Policy: The London EV Show unveiled groundbreaking initiatives outlined by London’s Deputy Mayor for Transport, showcasing the city’s ambitious plans for the electric vehicle infrastructure.
– Cutting Edge Exhibition: Including renowned brands like Tesla, Ford, Tofco, Hedin Automotive etc, #levs23 hosted 220+ exhibitors showcasing all the latest and greatest from the EV landscape. Link to the full list of Exhibitors 2023
– Experts On Stage: Over 150+ speakers including key figures like the Deputy Mayor for Transport, Seb Dance, De Jack Chambers | Minister of State | Department for Transport (Ireland), Jon-Ivar Nygård | Minister of Transport |Ministry of Transport (Norway) graced the event with their valuable presence, shared groundbreaking insights and made remarkable announcements. Link to the full list of Speakers2023.
– Media highlights: With participation of 120 journalists, the event got featured by renowned publications like BBC, Forbes, Business Insider, The Business Standard and Daily Express, BloombergNEF (BNEF), IOT Now, The EV Report, IBT UK etc. Link to the full list of Media Partners 2023.
– Launchpad for Innovation: #levs23 witnessed important product launches from established industry players including Exicom’s UK market entry, Lotus’ new charge solutions and the debut of EKOENERGETYKA’s Axoneasy 400, were the important highlights of the event.
– Global Attendance: With the participation of more than 4000 companies, the growth of the EV industry was palpable on the floor. Link to list of participating companies. Link to the list of participating companies.
With an exceptional track record of the past edition, this year’s London EV show will exceed all expectations by convening the EV industry in its entirety. From hosting brilliant minds at a top notch conference to showcasing latest innovations from top ev players, #levs24 is all set to set a new benchmark in the global EV industry. The show promises to be even bigger and more influential than ever before featuring Test drives tracks, networking zones, micro mobility zones, product launch area, workshops, startup acceleration programmes, ministerial sessions, expert-led panels and much more.
Key Financial Performance Highlights for Q3FY2024:
Strong RM76.9 million revenue, with margins jumping to high double-digits.
PBT for the quarter stands at RM25.2 million, with a margin of 32.7%.
PAT for the quarter stands at RM22.9 million, with a margin of 29.8%.
BANGI, Malaysia, Feb 27, 2024 – (ACN Newswire) – Technology leader in providing fully customised, intelligent manufacturing automation solutions, GENETEC TECHNOLOGY BERHAD (“Genetec” or the “Company”) recorded another strong quarter for their third quarter financial year 2024 (“Q3FY2024”), continuing the strong business and execution momentum highlighted at the beginning of the FY2024. The Company recorded a higher revenue vis-à-vis the preceding quarter, with all major financial indicators showing significant double-digit growth. This is notable despite the year-on-year (“YoY”) decrease in revenue for the quarter to RM76.9 million from Q3FY2023’s RM85.1 million. Genetec’s profit before tax (“PBT”) and profit after tax (“PAT”) stood at RM25.2 million and RM22.9 million for the quarter under review versus RM13.9 million and RM12.5 million a year ago.
The Company delivered a high gross profit margin of 46.8%, which reflects a 16.2% increase on a YoY basis. This increase is attributed to higher margins in its product mix for the quarter under review. Genetec reiterated that the lower turnover for Q3FY2024 was not reflective of the pipeline strength or sentiment, but the project progressions and billings, as is typical in industries with large project values. The Company said the Electric Vehicle (EV) and Energy Storage segments continued to maintain its dominance as Genetec’s primary revenue stream, contributing nearly 100% of total revenue, accumulated over the last nine months.
Genetec Co-founder and Managing Director Chin Kem Weng highlighted, “Our efforts in 2023 are paying off as Genetec continues our momentum into New Year 2024. As a Group, the teams have been working hard on our product and business development to secure our pipeline and to build new leads across all our business segments, especially in renewable energy with MYBESS. As such, our performance for this quarter remains strong and consistent with our outlook at the beginning of our financial year 2024 (FY2024). In addition, all key financial metrics show double-digit growth, reinforcing the Group’s discipline and management of our supply chain. Moving forward, we are optimistic on the Company’s performance and the timelines in translating the projects secured to be reflected in the remaining quarters for the financial year ending 2024.”
Chin emphasised that, countries globally are ramping up efforts in RE although the timeline of the shift will be for the long-term. Likewise for Malaysia, the shift to RE and EVs continue to gain traction due to increasing pressure from governments and consumers. “The S&P Global Commodity Insights forecast nearly USD 800 billion in clean energy investments for 2024, which is 10% – 20% higher than 2023 levels[1]. Following many years of policy discussions and framework launches, 2024 is a year of execution. This is a time for infrastructure planning, spending and set up to support the shift away from fossil fuel to electric. Companies in the ecosystem, especially EVs are ramping up their production capacities to cater to future demand. As Genetec is in the business of capital expenditure (CAPEX), we have been working hard to position ourselves as the go-to end-to-end turnkey solutions provider for intelligent automation for EV and as of 2023, for RE.”
Genetec added that it will continue to capitalise on such factors while also actively exploring other growth opportunities. At the end of the quarter, Genetec’s earnings per share (“EPS”) stood at 3.04 sen (fully diluted) compared to 2.41 sen (fully diluted) in Q2FY2024.
About Genetec Technology Berhad
Genetec Technology Berhad is a technology leader in providing customised full turnkey smart factory automation manufacturing lines. It is a public company listed on the Main Market of Bursa Malaysia Securities Berhad (Stock code: 0104). Its principal business focus is in the provision of high-quality, responsive and cost-effective designs, as well as the manufacturing of automated industrial systems, equipment and value-added services for our global customers in the Electric Vehicle (EV), Automotive, Hard Disk Drive (HDD), Consumer Goods and Healthcare sectors. For more information please visit: https://genetec.net/.
Issued by: Narro Communications on behalf of Genetec Technology Berhad
For media enquiries on Genetec Technology Berhad, please contact: Imelia Kyra Tel: +6017 848 0977 Email: imelia@narrocomms.com
Manila, Philippines, Jan 25, 2024 – (ACN Newswire) – eFrancisco Motor Company (eFMC) and HDEX, the world’s first hydrogen exchange, are thrilled to announce a groundbreaking initiative that transcends mere transactions. This endeavor goes beyond innovation; it’s a movement towards a more connected and environmentally responsible future for public transportation in the Philippines.
Imagine a world where your daily commute not only takes you from point A to B but also contributes to a greater cause – Tied to the heartbeat of the Philippine Peso, the eFMC token brings stability to your financial journey, ensuring peace of mind with every transaction. Yet, what truly sets this system apart is its commitment to sustainability. It’s not just a mode of payment; it’s a pledge towards a cleaner, greener environment. Powered by a closed-loop hydrogen ecosystem, this token symbolizes a harmonious blend of technology and nature, creating a symphony of progress in the realm of public transportation.
Elmer Francisco, CEO of eFrancisco Motor Company, added, “Our vision is to create more than a mode of transportation – we aim to create a lifetime bond with our users. This is an opportunity for everyone to embrace a journey towards a sustainable and fulfilling future.”
Aron Dutta co-founder of HDEX, shared, “We believe that true innovation goes beyond functionality; it touches the hearts and minds of individuals. This is our way of fostering a connection between technology and the emotions of those who dream of a better, greener world.”
Visit to join us in revolutionizing transportation in the Philippines.
eFrancisco Motor Company is more than a vehicle manufacturer; it’s a storyteller of journeys towards sustainability. With a focus on electric and hydrogen-powered vehicles, eFMC invites individuals to be a part of a narrative that transcends mere transportation.
At HDEX, we are committed to advancing the possibilities within the evolving hydrogen market, offering a reliable platform for seamless trade and contributing to the sustainable future of energy. HDEX is a global company based in the United Kingdom.
DUBAI, Jan 9, 2024 – (ACN Newswire)– The Dubai Taxi Co PJSC (“DTC”), a leading provider of comprehensive mobility solutions in Dubai, has announced the launch of a new service for people of determination (POD), enabling them to book regular taxis through “DTC App”.
Importantly, it includes the option for users to avail of the same 50% discount that is offered with the dedicated service for people of determination. The system is designed to be accessible for holders of the Sanad card for people of determination in Dubai, enabling them to use this service efficiently and electronically.
The new initiative comes in line with DTC’s commitment to improving services for people of determination, adhering to the highest international standards in public and transport services.
It also reflects the company’s social responsibility and its efforts to introduce smart initiatives that support the government’s goals of integrating and empowering people of determination in the community, thereby enhancing their happiness and quality of life.
Innovative proactive services
Abdullah Ibrahim Al Meer, Acting Chief Business Transformation Officer at DTC, emphasized that the launch of the new service reflects the company’s commitment to continually enhance its services and offer an innovative model of smart and proactive services. “We look forward to enhancing customer satisfaction, particularly among people of determination,” Al Meer added.
“DTC has always strived to align its services with the needs of people of determination, in compliance with the highest global standards, and we will continue to do so to provide them with top-tier transportation services and contribute significantly to Dubai’s reputation as an inclusive city for people of determination,” he further said.
Al Meer noted that there has been a growing demand for DTC’s vehicles designed for people of determination. Consequently, the launch of this digital service is part of the company’s efforts to expand and streamline the provision of transportation services for this group by leveraging modern and efficient methods. This service enables people of determination, including residents, visitors, and tourists, to access regular taxi services conveniently and swiftly, further enhancing their mobility.
Speed and flexibility
Dubai Taxi Company currently offers the “People of Determination Taxi” service through its smart application, featuring modern vehicles equipped with state-of-the-art amenities to ensure a comfortable and convenient transportation experience. The service guarantees safe and reliable transportation options for people of determination, available round the clock.
Dubai Taxi Co App
The “DTC App” is one of the useful public transport apps in Dubai facilitating residents to book exclusive, safe and comfortable taxis and limousines. The app allows users with multiple taxi and payment options, for instance, direct payment or through the credit card. The Dubai Taxi Co App can be downloaded on Android or iOS.
OTTAWA, ON, Dec 4, 2023 – (ACN Newswire) – Aligned with COP28 Transport Day and the UAE’s sustainability goals, BluWave-ai and Dubai Taxi Corporation (DTC) announced the results of their collaboration to introduce a revolutionary AI software-driven energy optimization solution for DTC’s fleet of 200 Tesla electric vehicles (EVs) in a world’s first-ever achievement. Dubai Taxi has an ambitious electrification program, replacing conventional fossil-fueled taxis with Teslas in order to meet its sustainability targets, one of the first taxi fleets in the world to do this.
BluWave-ai and Dubai Taxi
The solution, BluWave-ai EV Fleet Orchestrator automatically solves the problem of when, where, and by how much an EV taxi should charge in order to be charged and ready for service at the right times and avoid missing out on trips while charging. The system optimizes road network and charging/grid side operations in real-time, 24×7 eliminating the need for human operators to manually make decisions to deal with operational challenges. It also reacts to changes in the road network as well as in the charging infrastructure availability.
The deployment of BluWave-ai’s EV Fleet Orchestrator with DTC’s electric fleet has demonstrated significant improvement in operating efficiency for the overall fleet:
– 12% increase in revenue from the EV fleet – 13% increase in EV paid trip distance driven – 52% decrease in fossil fueled vehicle km driven to cover EVs while they charge – Reduced or eliminated need for fast charging, which will result in extended EV battery life.
By going live with BluWave-ai’s EV Fleet Orchestrator, DTC is the first taxi operator to deploy the AI approach. The results show that by saving operational costs, the system quickly pays for itself. As part of the solution, a dashboard is included that provides an easy comprehensive view of the savings and reduction in emissions.
BluWave-ai’s EV Fleet Orchestrator solution runs on a comprehensive city-wide taxi trip demand model built from trip records spanning multiple years of taxi operations. It pulls in operating data from the EV taxi fleet in real time using a direct over-the-air telematics integration to Tesla vehicles via the Smartcar API, as a result of a partnership between the two companies. By registering the DTC Tesla taxis with BluWave-ai via the Smartcar API, real-time data on taxi telematics and state of charge was instantly fed to AI models. These models predicted where and when to best charge and position vehicles for fare maximization while maximizing electric miles on the road and using energy at favourable times for the grid.
“Smartcar is proud to bring our vehicle API technology to the BluWave-ai EV Fleet Orchestrator,” said Sahas Katta, CEO of Smartcar. “This partnership is pivotal in helping reduce carbon emissions from vehicle fleets by enabling BluWave-ai to seamlessly integrate with DTC’s Tesla EV fleets, power AI-driven optimization, and accelerate the path to realizing operational benefits.”
“By hooking up our EV Fleet Orchestrator to the network, once live data comes through to the cloud and starts training models, it quickly is able to optimize the system performance and deploy those models for DTC’s fleet,” said Devashish Paul, BluWave-ai founder and CEO. “We are proud to work with DTC as a forward-thinking taxi fleet operator, having validated the benefits in both operational costs and lifetime cost of ownership.”
To learn more about BluWave-ai’s EV Fleet Orchestrator and how to deploy for your electric vehicle fleet, or to schedule a free consultation meeting at COP28 Dubai with BluWave-ai CEO and lead technical staff, contact info@bluwave-ai.com
SINGAPORE, Nov 17, 2023 – (ACN Newswire) – TVS Motor Company – a leading global automaker that operates in the two and three-wheeler segments – today announced its entry into Europe by signing an agreement for import and distribution with Emil Frey, a 100 year old enterprise and a leading name in automotive distribution.
This partnership signifies a significant step towards global expansion for TVS Motor Company, leveraging Emil Frey’s extensive distribution network and deep market insights in Europe. TVS Motor Company, known for its commitment to innovation and quality, is set to offer European customers a diverse range of high-performance and technologically advanced two-wheelers.
Lorenz Frey-Hilti, Director Emil Frey Group & Sudarshan Venu, Managing Director, TVS Motor Company announcing the partnership
Both TVS Motor Company and Emil Frey share a commitment to responsible and sustainable mobility and place a strong emphasis on delivering impeccable customer service and satisfaction. TVS Motor Company’s focus on providing cutting-edge and pioneering solutions, combined with Emil Frey’s deep ability to understand local customers and their evolving needs has helped create a unique DNA for this partnership, which will form a strong foundation for TVS Motor’s expansion in Europe.
Emil Frey is among the largest automobile importers and retailers in Europe, serving many leading automotive brands across the region. As part of this partnership, Emil Frey Group entities will take charge of the distribution of TVS products in selected countries, utilizing their Sales, Marketing, and Service networks. Among the TVS products being made available in Europe will be TVS Jupiter 125, TVS NTORQ , TVS Raider, TVS iQube S, TVS X, TVS Ronin, TVS Apache RR 310, and TVS Apache RTR 310.
TVS Motor products are already sold in 80+ countries spanning the geographies of Asia, Africa and Latin America. Exports comprise nearly 25% of the company’s business as of H1 FY 2023 – an endorsement of the company’s high quality, technologically superior offerings and its R&D capability.
Announcing the foray into Europe, Sudarshan Venu, Managing Director, TVS Motor Company said, “This strategic alliance with Emil Frey is a crucial step in our global expansion strategy. Europe will be a key market for us, and through this partnership, we aim to bring our cutting-edge products closer to European customers.In having a partner like Emil Frey, there is a coming together of two century old, pedigreed organisations, both driven by shared values of responsible and sustainable mobility and customer service. Together, we are excited to serve customers and two-wheeler aficionados in Europe and look forward to a successful partnership.”
Lorenz Frey-Hilti, Director Emil Frey Group said, “We take great pride in forging a robust and loyal partnership between our two esteemed traditional companies in the mobility sector. Together, we seamlessly blend heritage with innovation. I am very proud that TVS Motor Company is relying on our expertise in the European market and using our distribution network to bring their great products to customers. Our two companies complement each other perfectly and I look forward to seeing this partnership flourish.”
This partnership is based on the principles of trust, mutual respect and performance. The two companies plan to use their collaborative efforts to enter into distribution arrangements for select EU markets, prioritising countries with strong two-wheeler demand coupled with existing Emil Frey infrastructure and resources to build the distribution network. France will be the first country for the launch, where an entire suite of TVS Motor products including ICE and EV models will be made available starting January 2024, consequent to this agreement.
About TVS Motor Company
TVS Motor Company (BSE:532343 and NSE:TVSMOTOR) is a reputed two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia. Rooted in our 100-year legacy of trust, value, and passion for customers, it takes pride in making internationally accepted products of the highest quality through innovative and sustainable processes. TVS Motor is the only two-wheeler company to have won the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for four consecutive years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Our subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which we operate. For more information, please visit http://www.tvsmotor.com.
About Emil Frey Group
The Emil Frey Group, a family-owned leading player in the European automotive sector, has been a mobility specialist for almost 100 years. Founded in 1924 in Zurich, Switzerland, the Emil Frey Group has grown from a local company to an innovative mobility specialist offering a diverse portfolio of products and services to meet the evolving needs of its customers. Founded on the principle of always serving customers promptly and conscientiously, while remaining a modest specialist, the Emil Frey Group today counts more than 25,000 specialists in 19 European countries, dedicated to providing exceptional products and services to its customers. For more information, please visit http://www.emilfrey.ch.
SINGAPORE, Nov 9, 2023 – (ACN Newswire) – Tinergy Renewable Energy, a pioneer in renewable energy solutions, have signed a Memorandum of Understanding (MoU) with Santa New Energy, to build electric vehicle battery checking centres in Singapore, Indonesia and Malaysia. Santa New Energy is an important strategic investment of Contemporary Amperex Technology Ltd (CATL), the world’s leading battery provider and the largest maker of electric vehicle (EV) batteries.
Currently, batteries in EVs do not get checked nor tested when they are being charged at charging stations and drivers will only be informed of the battery’s deteriorating health when they receive a warning light. The planned battery charging and checking centre will be equipped with battery online detection technology pioneered by Santa New Energy to provide complete and comprehensive battery checking in a single charge process without the need to dismantle the vehicle or change the vehicle strategy.
To bring about this solution in Asia, Tinergy Renewable Energy has recently partnered with B2G Energies, a leading renewable energy company, in a separate MoU signing ceremony to bring about solutions for low-carbon cities. This is done by conducting feasibility studies, identifying suitable technologies, and setting clear objectives for reducing carbon emissions.
From L-R: B2G Energies Founder and CEO, Garry Tay and Tinergy Renewable Energy Founder, Milo Zhang signing the MoU
“As Singapore targets phasing out combustion car sales by 2030, and with various incentives put in place to encourage the adoption of EVs, there needs to be effective and reliable EV battery checking facilities to ensure the longevity and sustainability of EV batteries,” said Garry Tay, Founder and CEO of B2G Energies. “Our collaboration with Tinergy Energies and Santa New Energy to bring this facility to Singapore and is in support of the Singapore Green Plan 2030 by the Singapore government, aimed at reducing carbon emissions.”
“Tapping on CATL’s battery expertise and development, Santa New Energy has developed the world’s first EV battery charging and checking system that is fast, efficient, and easy to implement with low cost, high precision and accuracy,” said Xue Kai Lei, Executive Director of Santa New Energy. “We have already successfully implemented our technology at the world’s first low carbon park in Xiamen, China, integrating EV power battery technology research and development, power battery big data center, battery checking, and new energy vehicle after-sales service, and plans to replicate the model in this region.”
China has the largest EV market in the world, accounting for 60% of the total EV globally. By bringing Chinese expertise on EV batteries and adopting Santa New Enegy’s low carbon park model in Xiamen to this part of the world, the consortium aims to provide a comprehensive EV after-sales service in Singapore, Indonesia and Malaysia. These services include battery maintenance and repair, second-hand EV sales evaluation, battery recycling, and other EV-related needs.
From L-R: Mr Li Bing, Mr Wang (Tinergy Renewable Energy), Mr Xue (Santa New Energy), Mr Garry Tay (B2G Energies), Mr Zhao, Mr Fang (Santa New Energy) at the carbon park in Xiamen
Milo Zhang, Founder of Tinergy Renewable Energy said, “Tinergy is at the forefront of providing renewable energy solutions to reducing carbon emissions, conserving resources, and creating a more sustainable world. Our MoU with B2G Energies and Santa New Energy is an important step in building these battery checking facilities and infrastructure in the region, as part of the region’s push to get more drivers to adopt EVs.”
The adoption of EVs in Southeast Asia in comparison is very low, making up only 2.1% of total vehicle sales in Southeast Asia in 2022 due to the slow development of charging infrastructure and the relatively higher cost of EVs. This collaboration promises a more reliable and friendly EV charging infrastructure that can simultaneously check the battery health while providing a charge to the vehicle. This would help in boosting the adoption of EVs in the region and meet the region’s targets to achieve net-zero greenhouse gas (GHG) emissions or to become carbon neutral by 2050. More detailed information on the locations of the battery checking facility will be announced at later dates.
About B2G Energies
B2G Energies is a leading renewable energy company specializing in Energy Storage Systems and Energy System Integration. We are dedicated to delivering sustainable and innovative solutions that reduce carbon emissions, being at the forefront of the transition to clean and green energy sources.
About Tinergy Renewable Energy
Tinergy Renewable Energy is a pioneer in renewable energy solutions, specializing in projects that harness the power of renewable resources. With a vision to transform the energy landscape, Tinergy Renewable Energy is committed to promoting clean and sustainable energy practices.
About Santa New Energy
Santa New Energy Technology Co., Ltd is a company founded in January 2017 with a primary focus on constructing and operating new energy vehicle aftermarket service networks. Their mission is to drive the growth and health of the new energy vehicle industry. Over the years, they have achieved various milestones, including partnerships with key players, expansion into insurance-related services, and the development of an industrial park for new energy vehicle after-service. Their work reflects a commitment to advancing the new energy vehicle sector and related industries.
Why is foiling the future, and how can it give you the ride of your life? How one visionary company started with those questions and let their ideas take flight.
Valo Hyperfoil is a two-person electric foiling PWC (personal watercraft) that seamlessly combines an exhilarating experience with visionary design
Tech start-up Valo has revealed more details of its revolutionary new personal watercraft, the Valo Hyperfoil. This unique new product has already seen immense demand from consumers, with the limited production run of Founder’s Edition vehicles to be built in 2024 already being oversubscribed by 300%. The general production run is scheduled for 2025 with pre-orders currently open.
The Valo Hyperfoil is a two-person, high-performance, all-electric thrill ride that marks the evolution of the jet ski. Having moved from concept to first prototype in a matter of months, the rapid pace of development matches the scintillating performance and handling that it offers riders. The craft features a twin-foil setup with a 45kW drive motor and proprietary Skyride flight stabilization system.
With retracting foils, the Valo Hypefoil is easy launched and transportable on a standard trailer
Inspired engineering
It’s a dream that Ed Kearney – the company’s founder and CEO – has held since childhood when his father showed him a video of an early foiler. “I was about 12 or 13 years old, and my dad – who was an inventor kind of guy – showed me this video of some MIT students who had built a pedal-powered hydrofoil boat that broke the world record for a human-powered boat because it was so efficient,” Kearney says. “I remember asking myself, why aren’t all boats like this? Here is a technology that can completely revolutionize how we transport things on the water by making them ten times more efficient and incredibly comfortable at the same time”.
Born and raised in Australia and studying engineering before moving to California seven years ago, Kearney noticed that there was not much in the way of commercial hydrofoil development. “So I said why don’t we just do this? I wanted to create something no one else was making, because it was captivating and the world needed it.”
Taking flight
It is these cues from other industries, and drawing on the expertise of people like pioneering foiling naval architect Paul Bieker who serves as a consulting designer on Valo’s designs, that have led to the rapid development of the Valo Hyperfoil. The team – which was joined in early 2023 by CTO Reo Baird, a tech entrepreneur and boat fanatic who had previously been developing foiling boats with the company Navier – moved from concept to prototype in just six months, showing not only the pace and flexibility of an agile start-up but also proving that the concept was built on rock-solid design and engineering principles.
Since then, the team has tweaked the design to further enhance the experience for riders, moving to a twin-foil canard system for the foils aligned fore and aft on the centreline, and with the aft strut also housing the shaft-driven propulsion unit. The new design has resulted in 33% less strut drag than the alpha prototype while conferring improved stability and agility, and an increased maximum bank angle. Anhedral (swept-down) wings now deliver 30% more roll authority and contribute to the improved max bank angle.
The Valo Hyperfoil is fully computer stabilized
Technological two-step
At the core of the Valo Hyperfoil’s performance is the clever foil package and shaft-driven propulsion system, which can propel the craft at a max speed of 35 knots while offering over two hours of endurance, good for more than 60 miles on a single charge. When combined with the proprietary Skyride active stabilization software, the Valo Hyperfoil represents a double step forward in marine mobility.
Skyride is developed fully in-house and has the role of keeping the vehicle stable as it slices through the water and waves. Hydrofoil vehicles are inherently unstable and hard to control since their center of gravity is very high above the point of support, just like walking on long stilts or riding a unicycle – balancing something very top-heavy is hard. Added to that, the vehicle has to operate very close to the surface of the water without going too high or too low.
Skyride solves this by combining data from various sensors around the Valo Hyperfoil and using aerospace derived algorithms to deliver hundreds of micro-adjustments per second to the various mechanical actuators that control the craft to keep it stable and agile.
“The Valo Hyperfoil is fully computer stabilized, and when you turn it enters into what’s called a coordinated banked turn,” CTO Reo Baird explains. “Think of it exactly like when a plane banks and turns, you don’t feel you are being pushed out of the turn and your coffee doesn’t spill because the forces run straight up and down through your vertical axis. This is how the Valo Hyperfoil turns using the Skyride software, and it’s truly exhilarating – and it allows for tight, highly precise turns. Making it feel good is not that straightforward – it’s something we’ve worked on a lot and it’s something we’ve solved!”
The software also allows for various modes – normal and sport, for example – while including full safety features. “The sport mode is designed to deliver much more exhilaration with sharper and harder handling,” says Baird, “but there are also lots of safety elements at the limit to make sure you can’t roll the Valo Hyperfoil over or crash. The software does have a more controlled hand in how the Valo Hyperfoil behaves,” he adds, “but we also want to make sure the driver feels like he is controlling the vehicle. It’s not like using cruise control on a car – it’s heavily weighted to the inputs on steering and throttle from the rider but while maintaining full stability to keep it safe. It’s a very delicate balance and it’s one I think we’ve struck perfectly.”
Practical magic
Central to the ethos of the Valo Hyperfoil is not only to make it as thrilling and as enjoyable as possible, but also to focus on reliability, robustness and practicality. What this means in practice is that construction will draw on high-quality parts, from carbon fiber, titanium and stainless steel for the body construction to selecting known suppliers for the components – the battery system and electric motor, for example, are being sourced from experienced manufacturers in the US and UK respectively.
Further, the team has considered how the Valo Hyperfoil is likely to be used when designing key elements. Not only is the Valo Hyperfoil trailerable on a standard rig, it can also be beached just like a conventional jet ski thanks to a lifting front canard – the foil slots into a recess in the hull – and a rear strut that tils similar to an outboard, allowing for shallow water propulsion. “It may not seem as simple as having a vertical lifting rear element,” says Kearney, “but the truth is those vertical lifting struts with drive elements can be a nightmare for jamming down or up. Our solution is both highly reliable and highly practical, which means riders can focus fully on the fun without fear of something going wrong.”
What’s more, the nod to sustainable boating with zero emissions, noise and wake means Valo Hyoerfoil riders will be able to explore places that other personal watercraft can’t access – and be able to do so without disturbing other people in the same area. This, perhaps, is as much the leap forward in personal water mobility as the design and hyperformance of the Valo Hyperfoil itself.
Future present
As Valo Hyperfoil moves toward production, with delivery of the first Founder’s Edition models scheduled for 2024, the company is celebrating the pre-launch success of their creation – they have taken more than US$3.3 million in advance orders already. They are also well into the development of a new product range for boat builders so they can easily enter the electric foiling era.
“It very much feels like the dawn of a new age for the marine industry,” says CTO Reo Baird. “It’s clearly the right time and place for the marine industry to make this move forward toward a new type of marine mobility.”
“It’s clean, with zero emissions, zero noise and zero wake; it’s fun, because you can enjoy exhilarating hyperformance in a wide range of sea conditions; it’s safe and comfortable because the Skyride software takes care of everything; and it’s practical, because you can do everything and go anywhere a conventional jet ski can go, and more besides,” Baird concludes. “It’s the future, and it’s right here, right now. We’re very excited to be moving into the production phase, and from the number of orders we’ve already received I think there are a lot of excited people out there too.”
As Kearney himself will tell you, “The Future is Foiling.”
About Valo
Valo is a marine technology start-up backed by the accelerator Y Combinator, Fifty Years, as well as Chris Sacca’s Lower Carbon Capital and former Meta CTO Mike Schroepfer. Their mission is to build the future of clean water transportation by using hydrofoil technology.
FORT LAUDERDALE, FL, Oct 31, 2023 – (ACN Newswire) – The 80 Sunreef Power Eco made her official US debut at the Fort Lauderdale International Boat Show 2023. With a strong focus on eco-responsible yachting, Sunreef Yachts Eco presented the world’s most advanced electric luxury yacht at the world’s biggest in-water marine event, October 25-29.
Named after the Norse sun goddess, the 80 Sunreef Power Sól is an electric luxury catamaran using Sunreef Yachts’ revolutionary solar power system and state of the art electric propulsion. Commissioned by an experienced family of yacht owners, this exclusive solar yacht combines long private cruises with sustainable luxury charters.
Using Sunreef Yachts’ in-house developed green technology, the 80 Sunreef Power Eco Sól features composite-integrated solar panelsSÓL’s guests enjoy plenty of relaxation spaceThe 4-cabin luxury catamaran features a custom-tailored layout accommodating eight guests in the utmost of luxury
Solar Power Reinvented
Using Sunreef Yachts’ in-house developed green technology, the 80 Sunreef Power Eco Sól features composite-integrated solar panels, seamlessly built into the yacht’s hulls, bimini roof an superstructure. The ultra-thin ‘solar skin’ consists of the industry’s most efficient cells and is one of the lightest photovoltaic systems in the world. Covering 200m²(2 150 sq ft) the system delivers 36kWp for a steady supply of clean power on board.
The Biggest Battery Bank
Sunreef Yachts Eco catamarans feature custom-engineered battery banks. With a density less than 5.2 kg per kWh, Sunreef Yachts Eco batteries are close to 30% lighter than the average systems commonly used in the yachting world. Boasting a 990kWh battery system, Sól has the biggest battery bank in the category of leisure crafts up to 24m. Powering all the amenities on board as well as the twin 360kW engines, the batteries allow for up to 300 nautical miles of e-motoring in complete silence, with no fumes and no vibration. With an energy-saving air conditioning system and smart energy management, this electric yacht sets new standards for eco-cruising.
All About Comfort
The 4-cabin luxury catamaran features a custom-tailored layout accommodating eight guests in the utmost of luxury. SÓL’s interiors are relaxing, with plenty of natural light and bright finishing materials. The main saloon boasts impressive lounging space and a wet bar. It also opens onto the aft cockpit and bow terrace, where guests can enjoy a spa pool.
Sol’s aft cockpit is an amazing dining and lounging area with spectacular ocean views. Well protected from sunlight and wind, it also features a large day bed.
From the cockpit, guests can easily access the catamaran’s aft platform, jet ski and water toys. Up on the flybridge, SÓL’s guests enjoy plenty of relaxation space with a large c-shaped dining area, a bar and oversized sunpads.
SPECIFICATION
Length overall 23.8 m / 78.6 ft Maximum beam 12 m / 39.4 ft Solar panels 36 kWp Engines 2x 360 kW Battery bank 990 kWh Living space 356 m² / 3831 ft² Category A Construction Composite Naval architecture Sunreef Yachts Interior design Sunreef Yachts
About Sunreef Yachts
Established in the port city of Gdansk, Poland and Ras Al Khaimah in the UAE by French businessman Francis Lapp, Sunreef Yachts is a pioneering shipyard specializing in the design and construction of fully-customized eco-responsible catamarans and multihull superyachts.
Innovation, sustainability and excellent craft are the very core of the Sunreef Yachts brand. The shipyard’s family of customers includes superstar athlete Rafael Nadal as well as Formula 1 champions Fernando Alonso and Nico Rosberg among a vast clientele across the globe.
The Sunreef Yachts Eco range is a line of eco-responsible sailing and power luxury catamarans. The shipyard combines electric propulsion, smart energy management, ultramodern solar panels and ethically-sourced finishing materials for a responsible yachting experience.
KUALA LUMPUR, Sept 27, 2023 – (ACN Newswire) – Artroniq Berhad (“Artroniq”), a prominent figure in the ACE Market, proudly announces its upcoming official launch of an innovative range of electric motor products in collaboration with its wholly-owned subsidiary, Artronic Itech Sdn. Bhd in Kuala Lumpur in the fourth quarter of 2023.
Bapak Andrew Mulyadi, Director of PT. Terang Dunia Internusa (United Motors); Marcus Chin Choon Wei, Chief Financial Officer of Artroniq Berhad; H.E Dato’ Indera Hermono, Ambassador Extraordinary and Plenipontentiary of the Republic of Indonesia to Malaysia; Bapak Budihardjo Iduansjah, Chairman of ATEC (Asian Trade, Tourism and Economic Council) cum Chairman of HIPPINDO Indonesia Retail & Tenant Association; Yang Berhormat Senator Jaziri Alkaf Dr. Abdillah Suffian, Member of Pariliament
This significant advancement follows a strategic Distribution Agreement with Indonesia’s esteemed United Motors parent company, PT. Terang Dunia Internusa. The announcement ceremony took place at the Embassy of Indonesia in Malaysia, graced by notable dignitaries including Bapak Budihardjo Iduansjah, Chairman of ATEC (Asian Trade, Tourism and Economic Council) cum Chairman of HIPPINDO Indonesia Retail & Tenant Association; Yang Berhormat Senator Jaziri Alkaf Dr. Abdillah Suffian, Member of Parliament; Bapak Andrew Mulyadi, Director of PT. Terang Dunia Internusa; and hosted by Guest of Honour, His Excellency (H.E.) Dato’ Indera Hermono, Ambassador Extraordinary and Plenipotentiary of the Republic of Indonesia to Malaysia.
The imminent launch promises to be a momentous event in ASEAN’s landscape, strengthening Malaysia’s deep-rooted partnership with Indonesia. Both nations remain united in their mission to foster sustainable economic growth in the ASEAN community.
As the exclusive distributor for PT. Terang Dunia Internusa’s state-of-the-art electric motor products, Artronic Itech Sdn Bhd champions a shared vision of sustainability. This is evident in their collective commitment to the tenets of Environmental, Social, and Governance (ESG) principles.
Mr. Marcus Chin Choon Wei, CFO of Artroniq, stated, “Our partnership is not just about business; it’s about shared values, especially in sustainability. This aligns perfectly with our commitment to Environmental, Social, and Governance (ESG) principles, as both companies aim to reduce environmental impact and improve the quality of life for our stakeholders.”
“The upcoming event represents the culmination of our partnership, where we will unveil innovative electric motor solutions to meet the growing demand for sustainable transportation.”
At the launch, the public will have the opportunity to test drive both TX-series models such as the TX3000, which features a maximum speed of 90kmph and above. These electric bikes also serve as the official bikes of G20, having been tested and endorsed by world leaders during the 2022 G20 summit.
Bapak Andrew Mulyadi, Director of PT. Terang Dunia Internusa (United Motors); Marcus Chin Choon Wei, Chief Financial Officer of Artroniq Berhad; H.E Dato’ Indera Hermono, Ambassador Extraordinary and Plenipontentiary of the Republic of Indonesia to Malaysia; Bapak Budihardjo Iduansjah, Chairman of ATEC (Asian Trade, Tourism and Economic Council) cum Chairman of HIPPINDO Indonesia Retail & Tenant Association; Yang Berhormat Senator Jaziri Alkaf Dr. Abdillah Suffian, Member of Pariliament
theacnnewswire.news.blog 