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It’s an exciting time for personal watercraft enthusiasts that want to swap a roaring engine for the instantaneous (and silent) power of electric motors. The latest electric jet ski making a splash is the Valo Hyperfoil.

Technically speaking, it’s not actually a jet ski, nor is it making that much of a splash. “Jet Ski” is a brand name owned by Kawasaki, and the Valo Hyperfoil isn’t really making a splash because it’s actually flying above the waves on hydrofoils.

But whatever you call it and whichever hydro-based pun you shoehorn into an electric watercraft article, the Valo Hyperfoil is certainly an impressive machine.

Unveiled today by California-based startup Boundary Layer Technologies, the Valo Hyperfoil is one of the most advanced personal electric watercraft we’ve ever seen.

Not only is it quite powerful, packing in a 108 hp (80 kW) motor, but it can reach a maximum speed of 50 knots (58 mph or 93 km/h).

And it will do so while flying a full 2 feet (60 cm) above the surface of the water.

As founder and CEO of Boundary Layer Technologies Ed Kearny explained in a statement provided to Electrek:

“Valo will be a complete revolution to personal watercraft. The first Jetski was on the market 50 years ago this year, and it’s time for a major upgrade. Valo will be fast, agile, and tremendously exhilarating, all while being near silent and leaving zero wake. It will be like flying a stunt plane but on water. We see this a completely new form of water based mobility”

The secret to the flying nature of the Valo is its hydrofoils, which function like a set of airplane wings under water.

They lift the watercraft out of the dense water, helping it to save energy by flying through the air. That makes the ride smoother, faster and more efficient. It also means that the Valo can get by with fewer of those heavy and expensive batteries.

The company has spent the last four years developing hydrofoil technology for commercial purposes, such as passenger ferries and container ships. Now the company is hoping to apply that technology to the recreational market with a personal electric watercraft.

As Kearny continued:

“We are passionate about bringing foiling technology and its huge benefits to ships big and small. We simply shifted from ‘big first’, to ‘fast first’.  What we love about Valo is how fast we can get to market. We are bringing all the technology we were developing for massive container ships and ferries and using it to deliver one hell of a recreational product.”

Hydrofoiling boats have been made famous by the Swedish company Candela, who is already building and delivering electric speedboats with impressive hydrofoiling performance. The company is also working on passenger ferries and water taxis for commercial use, but hasn’t shown off a personal electric watercraft like the Valo.

Other companies like Taiga have leveraged their electric snowmobile technology to demonstrate personal electric watercraft. But their planing hulls will have a hard time matching the efficiency of hydrofoils like those displayed on the Valo.

Boundary Layer Technologies expects to have a small number of limited edition Founders Edition Valos by the summer of 2023 Full production vehicles aren’t expected to hit the water before 2024. The anticipated price for the production vehicles is $59,000, though we don’t yet know what price tag those first run Founders Edition vehicles will carry.

Until then, we can at least look at these pretty renders.

valo jet skit

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Troubling times for Tesla, Nissan, and Dodge – plus some fun yellow stuff!

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Troubling times for Tesla, Nissan, and Dodge – plus some fun yellow stuff!

Tesla’s Q2 results are in, and they are way, way down from Q2 of 2024. At the same time, Nissan seems to be in serious trouble and the first-ever all-electric Dodge muscle car is getting recalled because its dumb engine noises are the wrong kind of dumb engine noises. All this and more on today’s deeply troubled episode of Quick Charge!

We’ve also got an awesome article from Micah Toll about a hitherto unexplored genre of electric lawn equipment, a $440 million mining equipment deal, and a list of incompetent, corrupt, and stupid politicians who voted away their constituents’ futures to line their pockets.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

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Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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OpenAI says Robinhood’s tokens aren’t equity in the company

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OpenAI says Robinhood's tokens aren't equity in the company

Jaque Silva | Nurphoto | Getty Images

OpenAI is distancing itself from Robinhood‘s latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe.

“These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and do not endorse it.”

The company said that “any transfer of OpenAI equity requires our approval — we did not approve any transfer,” and warned users to “please be careful.”

Robinhood announced the launch Monday from Cannes, France, as part of a broader product showcase focused on tokenized equities, staking, and a new blockchain infrastructure play. The company’s stock surged above $100 to hit a new all-time high following the news.

“These tokens give retail investors indirect exposure to private markets, opening up access, and are enabled by Robinhood’s ownership stake in a special purpose vehicle,” a Robinhood spokesperson said in response to the OpenAI post.

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Robinhood offered 5 euros worth of OpenAI and SpaceX tokens to eligible EU users who signed up to trade stock tokens by July 7. The assets are issued under the EU’s looser investor restrictions via Robinhood’s crypto platform.

“This is about expanding access,” said Johann Kerbrat, Robinhood’s SVP and GM of crypto. “The goal with tokenization is to let anyone participate in this economy.”

The episode highlights the dynamic between crypto platforms seeking to democratize access to financial products and the companies whose names and equity are being represented on-chain

U.S. users cannot access these tokens due to regulatory restrictions.

Robinhood hits record high as OpenAI, SpaceX go on-chain

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BYD launches new discounts, offering +50% off smart driving tech

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BYD launches new discounts, offering +50% off smart driving tech

Despite the warnings, BYD continues introducing new discounts. On Wednesday, BYD’s luxury off-road brand began offering over 50% Huawei’s smart driving tech.

BYD introduces new discounts on smart driving tech

After BYD cut prices again in May, the China Automobile Manufacturers Association (CAMA) warned that the ultra-low prices are “triggering a new round of price war panic.”

Although they didn’t single out BYD, it was pretty obvious. BYD slashed prices across 22 of its vehicles by up to 34%, triggering several automakers to follow suit in China.

BYD’s cheapest EV, the Seagull, typically starts at about $10,000 (66,800 yuan). After the price cuts, the Seagull is listed at under $8,000 (55,800 yuan).

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It doesn’t look like China’s EV leader plans to slow down anytime soon. Fang Cheng Bao, BYD’s luxury off-road brand, introduced new discounts on Huawei’s smart driving tech on Wednesday.

The limited-time offer cuts the price of Huawei’s Qiankun Intelligent Driving High-end Function Package to just 12,000 yuan ($1,700).

BYD-new-discounts
BYD Fang Cheng Bao 5 SUV testing (Source: Fang Cheng Bao)

Buyers who order the smart driving tech in July will save over 50% compared to its typical price of 32,000 yuan ($4,500).

Earlier this year, Fang Chang Bao launched the Tai 3, its most affordable vehicle, starting at 139,800 yuan ($19,300). The Tai 3 is about the size of the Tesla Model Y, but costs about half as much.

BYD-Tai-3-electric-SUV
BYD Fang Cheng Bao Tai 3 electric SUV (Source: Fang Cheng Bao)

The Tai 3 will spearhead a new sub-brand of electric SUVs following the more premium Bao 8 and Bao 5 hybrid SUVs.

BYD’s luxury off-road brand sold 18,903 vehicles last month, up 50% from May and 605% compared to last year. Fang Cheng Bao has now sold over 10,000 vehicles for three consecutive months.

The Chinese EV giant sold 382,585 vehicles in total in June, an increase of 12% from last year. In the first half of the year, BYD’s cumulative sales reached over 2.1 million, a YOY increase of 33%.

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