BLT’s 42 mph electric ‘hyperfoil’ jet ski has already received 3x more orders than it can produce
Bay Area startup Boundary Layer Technologies (BLT) has been taking pre-orders for its all-electric, jet ski-like hydrofoil it calls Valo. Despite still being in the prototype phase, the demand for what its makers describe as a “hyperfoil” is clearly there. The company’s initial production run of the electric jet ski variant is sold out well past 2023.
Boundary Layer Technologies was founded in 2018 in the Bay Area of California, where it is currently headquartered in Alameda. BLT’s team consists of engineers that have helped design and develop self-landing rockets, hyperloops, drones, and foiling racing yachts.
However, BLT is taking its biggest plunge with its flagship product – see Valo below. This all-electric hydrofoiling spin on watercraft (that’s actually the more accurate term than “jet ski”) was developed as recently as 2022 after the BLT decided to shift its focus from hydrofoiling container ships to something significantly smaller… they’re also cheaper and can be brought to market more quickly.
Valo is an electric watercraft that differs from a jet ski like Taiga’s, for instance; it uses hydrofoils to lift the entire hull of the water. This not only uses less energy (a very precious commodity in any EV, let alone one of such compact size) but also produces virtually zero wake. Add zero noise pollution, thanks to its electric motors, and Valo is like a sleek aquatic ninja. (So many Kawasaki references today.)
As BLT works toward its initial production run of the electric Valo jet skis hyperfoils, it shared that it has already sold out. Check this bad boy out.
BLT has (literally) elevated the electric jet ski with Valo
According to recent coverage of the Valo hyperfoil by PlugBoats, the hydrofoiling cousin to the electric jet ski is already sold out through 2023. After opening pre-orders late last year, the startup shared it had garnered $1 million in orders in the first three weeks.
Most recently, BLT shared that it actually received three times the number of orders it has the capacity to produce this year – a promising sign for a nascent form of sustainable mobility on the water. Per BLT CEO Ed Kearney:
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 as a completely new form of water based mobility.
We also have some pertinent specs that vary a bit from the original debut last year. Valo can reach a top speed of 42 mph and a cruise speed of 30 mph. A minimum speed of 15 mph is required to get the electric jet ski up and hydrofoiling.
When cruising, Valo can deliver up to 2 hours and 20 minutes on the water, depending on wind and water conditions, of course. The vessel can replenish in about 3 hours on a Level 2, 240V AC charger. The watercraft is built from carbon fiber composites, titanium, and stainless steel to optimize strength while limiting weight (430 pounds in total). It can also carry two passengers.
One last cool feature is Valo’s proprietary Skydrive system designed by BLT, which measures the position and behavior of the watercraft 100 times per second, then determines the ideal position of each of the control surfaces before semi-autonomously adjusting accordingly. This ensures a smooth, stable ride the team compares to flying.
Whether you want to call it an electric jet ski, watercraft, hydrofoil, or hyperfoil – your chances of riding one this year are close to zero if you haven’t already gotten your pre-order in. However, 2024 is a new year, and BLT still has production slots available. The starting MSRP of the Valo is $59,000, but you can reserve one with a fully refundable deposit of $500. Watch this Valo in action below:
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Rivian (RIVN) plans to launch a new Advanced Driver Assistance System (ADAS) this year to enable hands-free driving. The new feature is expected to be similar to Tesla’s Full-Self Driving (FSD). In 2026, Rivian will up the ante with an “eyes-free” system.
Rivian plans hands-free driving in 2025, eyes-free in 2026
At the new Rivian Space opening in San Francisco on Thursday, CEO RJ Scaringe revealed a few exciting developments to look forward to.
According to the folks at RivianForums, Scaringe said during the event that the company plans to launch a hands-free ADAS feature in 2025. Next year, Rivian will follow it up with an “eyes-free” system.
The big question is, will current Rivian R1S and R1T owners gain access? It could depend on whether you drive a Gen 1 or Gen 2 model. All Rivian models built through 2024 are considered Gen 1, while models 2025 and newer are Gen 2.
Rivian introduced the second-generation R1S and R1T last summer. They were “completely reengineered” with hundreds of hardware improvements, fully redesigned software, and more.
The upgrades include its new in-house autonomy system, Rivian Autonomy Platform. It’s powered by 11 cameras, five radars, and predictive AI.
Rivian said the new platform is “10 times more powerful” than the old system. It also features 360-degree visibility with 8X the number of camera pixels than the previous models. Gen 2 models already include features like Blind Spot Monitoring and Highway Assist.
With the premium version, drivers gain access to Lane Change, while Rivian said Enhanced Highway Assist and other features were coming soon.
Although all Rivian R1S and R1T EVs include OTA updates, some features may require additional hardware or software not included on Gen 1 models.
Rivian hands-free and attention-free autonomous highway driving will be available on the upcoming R2 model. The smaller electric SUV is due out in the first half of 2026, starting at around $45,000.
Electrek’s Take
As a Tesla Model 3 driver, I can tell you that Full-Self Driving (FSD) is fun and can be helpful at times. I’ve used it on longer trips, like through the Blue Ridge Mountains, and it makes driving or sitting in the car a little more enjoyable.
Although the system still requires you to pay attention, it enables the vehicle to drive itself almost anywhere with “minimal driver intervention.”
The new Actually Smart Summon feature is one of my favorites. Through the Tesla app, you can summon your vehicle to come to you in a parking lot. The vehicle will then move around other cars, people, and objects to find you.
Other functions, like Navigate on Autopilot, will take over while the vehicle is on the highway, changing lanes (with turn signals) and braking or accelerating as needed.
For Rivian owners, it would be like an upgraded system from Highway and Lane Change Assist. The “eyes-free” system coming next year will likely have a few regulatory hurdles to pass before it rolls out, so it should be interesting to see what that will consist of. Check back for more info soon. We’ll keep you updated with the latest.
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The United Arab Emirates is building the world’s largest solar and battery storage project that will dispatch clean energy 24/7.
Emirati Renewable energy company Masdar (Abu Dhabi Future Energy Company) and Emirates Water and Electricity Company (EWEC) are developing the trailblazing solar and battery storage project. Once it’s online, will become the largest combined solar and battery energy storage system (BESS) in the world.
Located in Abu Dhabi, the project will feature a 5.2 GW solar PV plant coupled with a 19 gigawatt-hour (GWh) BESS.
His Excellency Dr. Sultan Al Jaber, minister of industry and advanced technology and chairman of Masdar, said:
For decades, the biggest barrier facing renewable energy has been intermittency – to be able to source uninterrupted clean power day and night.
In collaboration with EWEC and our partners, we will develop a renewable energy facility capable of providing clean energy round the clock.
For the first time ever, this will transform renewable energy into a world-leading 1 GW of reliable baseload energy every day on an unprecedented scale – a first step that could become a giant leap for the world.
Masdar announced China’s JA Solar and Jinko Solar, two of the world’s largest solar panel suppliers, and Chinese battery and BESS giant CATL as preferred suppliers. JA Solar and Jinko Solar will supply 2.6 GW of solar panels each. India’s Larsen & Toubro and POWERCHINA have been selected as preferred engineering, procurement, and construction contractors.
Masdar says the project will create 10,000 jobs and doesn’t yet indicate a projected completion date.
Read more: China installed a record capacity of solar and wind in 2024 – in numbers
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U.S. President Donald Trump holds a signed executive order on cryptocurrencies in the Oval Office of the White House in Washington on Jan. 23, 2025.
Kevin Lamarque | Reuters
President Donald Trump signed an executive order on Thursday to promote the advancement of cryptocurrencies in the U.S. and to work toward potentially developing a national digital asset stockpile.
Venture capitalist David Sacks, who Trump tapped as his crypto and artificial intelligence czar, joined Trump in the Oval Office for the signing of the order.
“The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership,” the order states.
Trump, who was a crypto critic in his first administration, changed his tune on the campaign trail and attracted hefty contributions from the industry after a tumultuous four years under then-President Joe Biden. Crypto investors, companies and executives accounted for almost half of corporate donations in the 2024 election cycle, with some contributing tens of millions of dollars to help Trump win a second term in office.
Most of the order focuses on establishing technology and rules around crypto and its development in the U.S. One of the critical pieces is the creation of a working group to consider a national digital asset stockpile, “potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement effort.”
Historically, the U.S. Marshals Service has auctioned off seized bitcoin, along with other cryptocurrencies such as ether and litecoin. Trump promised on the campaign trail that if he returned to the White House, he would ensure the federal government never sells off its bitcoin holdings, though Thursday’s order does not mention bitcoin.
“If I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future,” he said in July in a keynote at the Bitcoin Conference in Nashville, Tennessee.
The order goes on to outline other key priorities for the digital asset industry, including protecting individuals and private sector companies that use blockchain networks from “persecution.” The document spells out certain protections for developers and miners, noting that they should be able to freely “develop and deploy software” as well as “participate in mining and validating,” a nod to the technicians securing the bitcoin network.
The president has also pledged to defend the rights of those who choose to self-custody their digital assets. That means they do not rely on a centralized entity such as Coinbase to hold their tokens and instead use personal crypto wallets, which are sometimes outside the reach of the Internal Revenue Service.
The order emphasizes promoting the sovereignty of the U.S. dollar by supporting the growth of legitimate, dollar-backed stablecoins globally.
Since his victory in November, Trump has focused on appointing government leaders who support the cryptocurrency sector.
Paul Atkins has been nominated to chair the Securities and Exchange Commission. Atkins, a former SEC commissioner, is known for advocating market-friendly policies and opposing heavy-handed regulation. If confirmed, he will succeed Gary Gensler, whose aggressive enforcement of crypto regulations made him a divisive figure in the industry.
Earlier this week, the SEC announced the formation of a new “crypto task force,” to be led by Commissioner Hester Peirce. Dubbed “Crypto Mom” for her outspoken support of digital currencies, Peirce has long championed a regulatory framework that fosters innovation rather than hindering it.
Scott Bessent, a pro-crypto hedge fund manager, is Trump’s pick to lead the Treasury Department. Bessent attended the Crypto Ball on Friday in Washington, an event that brought together lawmakers, cabinet appointees and industry leaders and underscored the administration’s plan to make the U.S. a global leader in digital asset innovation.
Sacks told the crowd at the packed Mellon Auditorium on Friday night that “the war on crypto is over.”
“This is just the beginning of America reclaiming its position as the world’s innovation leader,” Sacks said.
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