Swiss startup MobyFly has announced the successful close of its Series A funding round, raising €10.7 million to advance its groundbreaking zero-emission hydrofoil technology. The round includes a significant contribution from the Environmental and Solidarity Revolution Fund, financed by the Crédit Mutuel Alliance Fédérale corporate dividend and managed by Crédit Mutuel Impact.

Founded in 2020 by Sue Putallaz, Anders Bringdal and Ricardo Bencatel, MobyFly is based in Bouveret, Switzerland, and has been supported since its inception by Economic Promotion Valais and The Ark Foundation. Additional financing came from existing and new private investors, as well as CCF Valais, the financial services provider of the Canton Valais’ economic promotion.

Co-founder and CEO Sue Putallaz said the investment marks a defining moment for the company.

“This fundraising is a decisive milestone for MobyFly,” said Putallaz. “Thanks to the support from Crédit Mutuel Alliance Fédérale and from our other investors, we enter a new phase of development, enhancing our industrial capacity and accelerating our commercial roll-out. Our mission remains clear: we want to provide a viable, profitable and eco-friendly alternative to fossil fuel-powered ferries.”

Driving the future of passenger shipping

MobyFly is pioneering a new era of passenger transportation with its high-performance, zero-emission hydrofoil technology. Designed for the fast-ferry market, these vessels are fast, silent, and comfortable, delivering a premium passenger experience while producing zero emissions.

Read more: Over $8 million series A raised for scaling reef restoration

Leveraging patent-pending foil technology and advanced electronic systems, including a proprietary flight control system, MobyFly’s hydrofoils can carry passengers at speeds exceeding 70 km/h (43 mph) without generating waves, noise, or pollution. The technology enables up to 80 % lower energy consumption and a 60 % reduction in operating costs compared with traditional diesel ferries, advantages for operators, municipalities, and passengers alike.

Scaling for global impact

The €10.7 million investment will allow MobyFly to expand its engineering and R&D capabilities, strengthen its industrial operations, and accelerate the market introduction of its vessels in a sector hungry for sustainable solutions. Certification and international market entry are key priorities for the coming months.

As governments, port authorities, and ferry operators worldwide seek to cut emissions and improve efficiency, MobyFly’s technology arrives at a critical time. With its combination of speed, sustainability, and cost-effectiveness, the company is poised to disrupt the global passenger ferry market.

With this latest round of funding, MobyFly is transitioning from development to deployment, bringing its vision of wave-free, zero-emission passenger transport closer to reality.