Just over three months after coming out of stealth mode, young electric hydrofoil boat builder Vessev has shared a closer look at its flagship vessel – the VS–9. Today, the boatbuilder shared fresh images of a completed VS–9 vessel and a detailed video below.
Vessev, formerly known as Seachange, is a young, eco-friendly boat builder founded a few years ago in Auckland, New Zealand. That is where the company currently operates and is conducting sea trials of its flagship vessel, an electric hydrofoil boat called the VS–9.
Designed for commercial operations and tourism, this electric hydrofoil “flies” above the water, offering a quieter and more efficient option in sea travel that will soon be used as a passenger ferry thanks to NetZero Maritime – the green technology team at Fullers360 – New Zealand’s largest ferry operator, who has already signed on to help commercialize the hydrofoil technology.
Vessev may be young, but it is making (smaller) waves above the water with its hydrofoil boat technology, which is finalizing commercial certification.
Source: Vessev
Vessev showcases first electric hydrofoil boat build
Today, Vessev publicly shared images and footage of its first completed VS–9 electric hydrofoil boat build. Our previous coverage of the vessel included photos of the boat tub only; the one interior shot we had was a rendering.
The images seen above are a genuine look at what the VS–9 will look like when it begins transporting passengers in New Zealand as soon as certification is complete. Per the company, the flagship electric hydrofoil boat has entered the last phase of sea trails before commercial operations begin with Fullers360.
Vessev explained that the VS–9 is stabilized by foiling technology below the waterline using technology derived from the America’s Cup. Those foils enable the boat’s carbon fiber hull to rise 50 cm above the water, clear of waves and wake.
The result is a vessel that is smoother and quieter while still offering plenty of space for passengers. Per Vessev CEO Eric Laakmann:
Traditionally, larger vessels are required to deliver a comfortable passenger experience as they can handle the impact of waves and wake. By flying above the waves, the VS–9 delivers a large vessel experience on an agile platform that can be berthed and charged in nearly any marina.
One way of looking at the impact of this vessel is that our waterways today are like roadways, where the only comfortable mode of transportation are very large multi-passenger buses – i.e. ferries. These large vessels are here to stay, but they will be augmented with point-to-point services delivered by vessels such as the VS–9. It’s like introducing a limo into a world of buses.
Through enhanced comfort and reduced operating costs, the VS–9 platform delivers an entirely new transportation experience that hasn’t truly been viable until today.
Today’s fresh images also give us our first look at the electric hydrofoil boat’s interior, which Vessev says was inspired by private jet travel and premium automotive brands like Rivian. It features quality materials and ergonomic seats and armrests to offer passengers added comfort while they enjoy the views from the panoramic windows. Laaakmann again spoke:
In designing the VS–9 transportation configuration, we knew that we wanted to create something that highlights the unique advantages of this technology. She includes stylish seating for 10 where easy conversation can flow between guests while quietly gliding to their destination. The full standing height cabin also includes wraparound glass with panoramic views of the environment around them. Our goal was to make sure the passengers of the VS–9 are connecting with only two things – those on the journey with them as well as their surroundings. We’ve accomplished exactly that.
With ten passengers aboard, the VS-9 can reach a cruising speed of 25 knots (~29 mph) and has a range of 50 nautical miles (57 miles/92.6km). It can recharge its batteries at any marina plug, but that area has a DC fast charger; the VS–9 can recoup 0.8 nautical miles of range per minute.
Vessev hopes it can open up new opportunities for sustainable marine travel in the transport and tourism industries. Looking ahead, the company is already working on a larger vessel called the VS-18 that can transport up to 100 passengers. While we await the arrival of both electric hydrofoil boats, here’s an up-close look at the VS–9, posted by Vessev today:
Lectric Ebikes appears to be preparing for a major new product launch, teasing what looks like the next evolution of its wildly popular folding fat tire electric bike. Based on the clues, it looks like a new Lectric XP 4 could be inbound.
In a social media post released over the weekend, the company shared a minimalist graphic reading “XP4” along with the message “Tune in 5.6.2025 9:30AM PT.” That date – this Tuesday – suggests we’re just hours away from the big reveal of the Lectric XP 4.
If true, this would mark the next generation of the most successful electric bike in the U.S. market. The current model, the Lectric XP 3.0, has become an icon of accessible, budget-friendly electric mobility. Starting at just $999, the XP 3.0 offers a foldable frame, fat tires, a 500W motor, a rear rack, lights, and hydraulic brakes – all packed into a highly shippable design that arrives fully assembled. It’s the kind of package that has helped Lectric claim the title of best-selling e-bike brand in the U.S. for several years in a row.
With the XP 3.0 still going strong, the teaser raises plenty of questions. Will the XP 4.0 be a modest update or a major leap forward? Could we see new features like torque-sensing pedal assist, a location tracking option, or upgraded performance? Or is Lectric preparing a more comfort-oriented variant, maybe even with upgraded suspension or even more accessories included standard?
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The teaser image, which features stylized stripes in grey, blue, and black, may hold some clues. One theory is that the colors represent new trim options or component upgrades. Another possibility is that Lectric is preparing multiple variants of the XP 4.0 – perhaps targeting commuters, adventurers, and off-road riders with purpose-built versions. We took the liberty of a bit of rampant speculation late last year, so perhaps that’s now worth a revisit.
At the same time though, Lectric’s penchant for launching new models at unbelievably affordable prices has never run up against such strong pricing headwinds as those posed by uncertainty in the current US-global trade war fueled by rapidly changing tariffs for imported goods.
Previous versions of the Lectric XP e-bike line have seen sky-high sales
Whatever the case, Lectric’s knack for surprising the industry with high-value, customer-focused e-bikes means expectations will be high. The brand has built a loyal following by delivering reliable performance at a price point that few can match, and any major update to the XP lineup is likely to ripple across the market.
As a young and energetic e-bike company, Lectric is also known for throwing impressive parties around the launch of new models. It looks like I may need to hop on a red-eye to Phoenix so I can see for myself – and so I can bring you all along, of course.
Be sure to tune in Tuesday at 9:30AM PT to see what Lectric has in store – and you can bet we’ll have all the details and first impressions as soon as they drop.
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Logo of the Organization of the Petroleum Exporting Countries (OPEC)
Andrey Rudakov | Bloomberg | Getty Images
U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.
U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year.
The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes a month after OPEC+ surprised the market by agreeing to surge production in May by the same amount.
The June production hike is nearly triple the 140,000 bpd that Goldman Sachs had originally forecast. OPEC+ is bringing more than 800,000 bpd of additional supply to the market over the course of two months.
Oil prices in April posted the biggest monthly loss since 2021, as U.S. President Donald Trump’s tariffs have raised fears of a recession that will slow demand at the same time that OPEC+ is quickly increasing supply.
Oilfield service firms such as Baker Hughes and SLB are expecting investment in exploration and production to decline this year due to the weak price environment.
“The prospects of an oversupplied oil market, rising tariffs, uncertainty in Mexico and activity weakness in Saudi Arabia are collectively constraining international upstream spending levels,” Baker Hughes CEO Lorenzo Simonelli said on the company’s first-quarter earnings call on April 25.
Oil majors Chevron and Exxon reported first-quarter earnings last week that fell compared to the same period in 2024 due to lower oil prices.
Goldman is forecasting that U.S. crude and Brent prices will average $59 and $63 per barrel, respectively, this year.
In a bid to keep up with the rapid growth of EVs, Chicago Department of Transportation (CDOT is currently seeking public feedback on a plan called “Chicago Moves Electric Framework.” The city’s first such plan, it outlines initiatives that include a curbside charging pilot through the city’s utility, ComEd, and expanded charging access in key areas throughout the city.
Unlike other such plans, however, the new plan aims to focus on bringing electric vehicle charging to EIEC and low income communities, too.
“Through this framework, we are setting clear goals and identifying solutions that reflect the voices of our residents, communities, and regional partners,” said CDOT Commissioner Tom Carney. “By prioritizing equity and public input, we’re creating a roadmap for electric transportation that serves every neighborhood and helps drive down emissions across Chicago.”
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Neighborhoods on the south and west sides of Chicago experience a disproportionate amount of air pollution and diesel emissions, largely due to vehicle emissions according to CDOT. Despite that, most of Chicago’s public charging stations are clustered in higher-income areas while just 7.8% are in environmental justice neighborhoods that face higher environmental burdens.
“Too often, communities facing the greatest economic and transportation barriers also experience the most air pollution,” explains Chicago Mayor Brandon Johnson. “By prioritizing investments in historically underserved areas and making clean transportation options more affordable and accessible, we can improve both mobility and public health.”
The Framework identifies other near-term policy objectives, as well – such as streamlining the EV charger installation process for businesses and residents and implementing “Low-Emission Zones” in areas disproportionately impacted by air pollution by limiting, or even restricting, access to conventional medium- and heavy-duty vehicles during peak hours.
The Chicago Moves Electric Framework includes the installation of Level 2 and DC fast charging stations in public locations such as libraries and Chicago’s Midway Airport, “supporting not only personal EVs but also electric taxis, ride-hail and commercial fleets.”
Chicago has a goal of installing 2,500 public passenger EV charging stations and electrifying the city’s entire municipal vehicle fleet by 2035.
Electrek’s Take
ComEd press conference at Chicago Drives Electric, 2024; by the author.