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.
Valo Hyperfoil / Credit: Boundary Layer Technologies
BLT’s CTO Reo Baird riding the Valo prototype / Credit Boundary Layer Technologies/Instagram
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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Latin America’s electric mobility transition is kicking into high gear, and Brazil-based Vammo is emerging as its battery-swapping champion. The São Paulo startup just closed a $45 million Series B funding round led by Ecosystem Integrity Fund, with backing from Qualcomm Ventures, 2150, Construct Capital, and others – positioning the company to expand across the region’s megacities and build what it calls the backbone of Latin America’s clean transport network.
Founded in 2022, Vammo has rapidly become the region’s leading battery-swapping platform, offering riders an all-in-one ecosystem that bundles electric motorcycles, financing, maintenance, and a growing network of 150 swap stations. Its fleet of 5,000 electric motorcycles already serves riders working for major delivery platforms like Uber, 99, Rappi, and iFood – with a waiting list still forming.
The company says its subscription model lets users access a vehicle and unlimited swapping at 30% lower cost than gasoline alternatives.
It’s a story we’re seeing playing out around the world, with similar cost-savings for battery-swapping electric motorcycles being reported in Asia, Europe, and Africa. Now Vammo is leading that charge in Latin America, and is set to significantly expand operations on the back of its latest funding round.
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Earlier this year, Vammo surpassed its one millionth battery swap milestone.
Unlike many competitors that depend on off-the-shelf components, Vammo builds everything in-house – from battery packs and charging hardware to its own IoT-enabled software platform. That proprietary technology, designed specifically for Latin American conditions, gives Vammo a major head start in the region’s still-nascent battery-swapping race.
With this new funding, the company plans to expand manufacturing and R&D in Brazil, investing more than R$500 million to ramp up production in Manaus and develop new hybrid ethanol-electric motorcycles that combine two of Brazil’s cleanest energy sources.
For riders, the economics are compelling: energy costs per kilometer are about 80% lower than gasoline, and maintenance savings reach 50%. Add Brazil’s 90% renewable electricity grid – the cleanest among G20 countries – and each swapped battery delivers a climate dividend few regions can match.
Electrek’s Take
Battery swapping makes perfect sense in cities where riders need constant uptime and limited space makes charging tricky. Vammo is proving the model can scale in Latin America – and not just in theory. Thousands of riders are already using it daily. As more countries follow Brazil’s example, expect battery swapping to become a cornerstone of clean urban mobility across the continent. São Paulo may soon do for battery-swap bikes what Taipei did for Gogoro – turn a smart idea into an unstoppable movement.
Now, if North America could just catch up with the more developed markets like South America, Africa, and Asia, that’d be really something.
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The moves come shortly after Trump declared that the “rare earth issue has been settled” following what he described as an “amazing meeting” with China’s Xi in South Korea.
As part of a broader agreement between the world’s two largest economies, which included Washington cutting fentanyl-linked tariffs, China said recently announced rare earth export controls would be delayed by one year.
Trump told reporters aboard Air Force One as he left South Korea that his administration expects China’s decision to delay these rare earth export restrictions to be “routinely extended.”
China’s previous rare earth restrictions, which were announced in early April, are set to remain in place, however.
Beijing on Oct. 9 had threatened to tighten export controls on rare earths and related technologies, seeking to prevent what it described as the “misuse” of rare earth minerals in the military and other sensitive sectors.
Rare earths refer to 17 elements on the periodic table whose atomic structure gives them special magnetic properties. These elements are widely used in the automotive, robotics and defense sectors.
China is the undisputed leader of the critical minerals supply chain, producing roughly 70% of the world’s supply of rare earths and processing almost 90%, which means it is importing these materials from other countries and processing them.
U.S. officials have previously warned that this dominance poses a strategic challenge amid the pivot to more sustainable energy sources.
Tesla is recalling 6,197 Cybertrucks with the “Off Road Lightbar” attachment, citing incorrect use of adhesives which could lead the accessory to fall off during vehicle operation.
It’s about 10% of the 63,619 Cybertrucks in existence, which we know about due to another recall from last week (though that one was fixed by a software update).
The Cybertruck has been marketed all along as an off-road capable vehicle, with dedicated off-roading modes and certain available accessories for those owners who want to get out and adventure.
A desirable off-road accessory available on many vehicles are large, overhead lights which offer better and wider visibility of the terrain ahead, getting around rocks or brush or other things that might cast shadows from lower static headlights.
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In the Cybertruck’s case, this takes the form of a wide light bar across the top of the truck’s windshield, right at the “point” in the roof.
It doesn’t come with every truck, and isn’t even available as an option. It’s also not even listed as an accessory on Tesla’s online shop. It’s only available as a retrofit through Tesla’s service network, for which you have to make a service request to get it installed.
Despite that, it looks like a whole lot of Cybertruck owners have gotten it installed. With the information in this new recall stating that potentially 6,197 vehicles are affected, it looks like nearly 10% of existing Cybertrucks have the light bar, which is quite a high take rate for a retrofit item like this.
We know this 10% number because of another recent recall, last week, which recalled every Cybertruck for having too-bright headlights. That one was fixed by a software update, but did tell us that a total of 63,619 Cybertrucks had been sold in total.
But the lightbar recall isn’t such an easy fix, as it’s an actual physical issue, rather than a software one.
It seems that the adhesives Tesla used may have been applied incorrectly by service personnel, leading to a substandard bond to the surface of the vehicle. Tesla updated its service instructions several times to try to fix the problem, but it seems that none of these updates were enough.
In total, Tesla says it found 619 warranty claims related to this issue, and had one field report of the glue not working correctly – though it is not aware of any collisions or injuries associated with the issue. But, conceivably, this could lead to a light bar falling off the vehicle and creating a road hazard for other drivers, so a recall is in order.
To fix the problem, Tesla will inspect any installed lightbars on Cybertrucks and if it finds any indication that the adhesive isn’t bonded fully, it will replace the lightbar with a new one adhered with tape and a “positive mechanical attachment” (that is, bolting it down).
While Cybertruck owners with the light bar installed should make a service appointment to get their light bar inspected, it’s possible to tell if yours suffers from this issue. Tesla says that light bars exhibiting this issue “may create a noise detectable from inside the cabin” or that the light bar may feel loose when touched or have a visible gap between it and the windshield. If your lightbar exhibits any of these issues, then you’ll probably want to make that service appointment sooner rather than later.
As for the headlight recall from last week, we didn’t report on it because, as is the case with many of Tesla’s “recalls,” it was relatively minor and was fixed by a software update. NHTSA really does need another word to distinguish real recalls from ones that are already fixed by an OTA update by the time the recall notice goes out.
But, this lightbar recall today is more serious and needs an actual physical fix, and thus is more deserving of being reported on.
However, last week’s headlight update did still have an interesting piece of information (which we probably should have reported, and so now are reporting here): the total number of vehicles out on the road. That recall covered 63,619 vehicles produced between November 13, 2023 and October 11, 2025. That’s nearly two years, and yet the truck which had been hailed as the harbinger of the future of the automotive industry has averaged just over 30k sales per year in that time period.
While the Cybertruck was the best-selling electric truck for a time after its introduction, it no longer has that title. And, in the last last quarter, the F-150 Lightning, Silverado EV, Sierra EV and R1T all saw rising sales. The Cybertruck, in contrast, is the only electric truck in America that saw lower sales last quarter than in the year prior, despite a big spike in EV sales due to the retirement of EV tax credits.
It’s part of a wider trend of EV sales increasing around the globe, but Tesla sales being left behind – and the reason is mostly due to Tesla CEO Elon Musk’s negative influence.
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