Entering the fast-growing global electric boat market, valued at US $7.6B with a 13 percent CAGR, the Australian-designed electric motor yacht Genevo E8 has reached the next milestone in its development, moving into the Equity Crowd Funding phase.

“The design is finalised, material selection and supply agreements are in place, and we are ready to start building in early 2025,” reported co-founder and director, Damon Rahmate.

Rahmate and business partner, Andrew Davey have a combined 30 years’ experience in the Solar photovoltaic (PV), Energy Storage, EV charger and marine industries.

Both life-long boaties and surfers, they are developing Australia’s first high-powered electric boat, the 8.2-metre Genevo E8, which was designed by award-winning superyacht designer Misha Merzliakov and will be built by leading composite boat builder, Dan Williams on the Gold Coast.