Fundraising FoxNavier
Chicago, US · 8 known investors
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American maritime technology company building all-electric hydrofoiling boats and autonomous navigation systems.
Also known as Navier Boat
Founders & leadership
Investors · 8
How we know: Script Capital's portfolio page · a partner's Signal profile · Not right? Tell us
How we know: a partner's Signal profile · research · en.wikipedia.org · Not right? Tell us
How we know: a partner's Signal profile · Not right? Tell us
How we know: a partner's Signal profile · Not right? Tell us
How we know: a partner's Signal profile · Not right? Tell us
Also in the syndicate · 2
Reported raises · per SEC filings
Form D private placements$1.8M disclosed across 2 of 4 rounds · 2021–2022
▶$10.1KraisedJan 2023 · 16 investors · OtherRule 506(b)
- Rick StrattonDirector
- Vujadin MilinovichDirector
- David CaloneDirector
- Joshua MetnickExecutive Officer, Director
- Ryan EberhardtDirector
- Amount sold
- $10.1K
- First sale
- Dec 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$1.8MraisedMar 2022 · 13 investors · OtherRule 506(b)
- DAVID CALONEDirector
- JOSHUA METNICKExecutive Officer, Director
- RYAN EBERHARDTDirector
- VUJADIN MILINOVICHDirector
- RICK STRATTONDirector
- Offering amount
- $3.5M
- Amount sold
- $1.8M
- First sale
- Nov 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Navier (also referred to as Navier Boat) is an American maritime technology company based in the San Francisco Bay Area. It designs and manufactures electric boats and maritime systems, with work spanning hydrofoil and hull design, foil control systems, and autonomous navigation.
The company's first product is the Navier 30 (N30), a 30-foot all-electric hydrofoiling vessel introduced in December 2022 with a stated cruising range of 75 nautical miles. Boats are assembled at Lyman-Morse, a shipyard in Maine, using composite components sourced from Rhode Island and other U.S. boating centers. Reported pricing for its leisure boats starts at approximately $300,000.
Founding story
Navier was founded in 2019 by Sampriti Bhattacharyya in the San Francisco Bay Area.
Traction
Navier introduced the Navier 30 in December 2022 and put it in the water ahead of production. It began test runs in San Francisco Bay in April 2023 and started a pilot program with Stripe in May 2023 shuttling employees; by January 2024 hydrofoil shuttle runs between Marin and the Peninsula were reported. The company holds landing rights at Coyote Point Recreation Area, south of San Francisco International Airport.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Positioned in the emerging electric hydrofoil boat segment, compared in press coverage to an electric-vehicle maker for the water, and featured alongside other electric hydrofoil boat makers at CES 2023.
Technology
Navier's boats are all-electric and use underwater hydrofoils that lift the hull clear of the water to reduce hydrodynamic resistance. The vessels combine hydrofoils, rechargeable batteries, control software that actively stabilizes the ride by adjusting the foils, and joystick-based maneuvering that allows sideways movement and rotation in place. The company has also developed an autonomous docking system that performs docking under autopilot. Boats recharge from shore power.
Go-to-market
Buyers of high-end leisure boats, with vessels reported to start around $300,000, and commercial operators of passenger water transport, including corporate commuter shuttles and prospective water-taxi services.
Geography
Headquartered in the San Francisco Bay Area, with boat construction at the Lyman-Morse shipyard in Thomaston, Maine, and composite component supply from Rhode Island and other U.S. boating centers. Operations and demonstrations have taken place on the San Francisco Bay, with interest reported from Des Moines, Washington, near Seattle, and coverage in the Lake Tahoe area.
History
After its 2019 founding, Navier was joined in 2021 by naval architect Paul Bieker, known for his America's Cup work, to lead development of a hydrofoiling boat. The company raised seed capital in February 2022 and subsequently began building boats at the Lyman-Morse shipyard in Maine. It unveiled the Navier 30 in December 2022 and showed electric hydrofoil boats at CES in January 2023. In May 2023 it launched a pilot program with Stripe using the N30 to transport employees, and in October 2023 Elon Musk tested a Navier prototype on the San Francisco Bay. By January 2024, press coverage described tech-worker shuttle runs between Marin and the Peninsula.
Compiled by commissioned research from 2 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 6
launches, deals, and filingsThe N30 was announced with a cruising range of 75 nautical miles and hit the water ahead of production.
Seed funding to build electric boats, reported in February 2022.
$7.2M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 2
primary sources listed
- Navier (company) - Wikipediaen.wikipedia.org · web
2 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Navier do?
- American maritime technology company building all-electric hydrofoiling boats and autonomous navigation systems.
- Who are Navier's investors?
- Navier's investors include Script Capital, Global Founders Capital, NextView Ventures, Tola Capital, Trammell Venture Partners (TVP), Treble Capital.
- How much funding has Navier raised?
- Navier has disclosed $1.8M raised across 2 of its 4 known rounds.
- Where is Navier headquartered?
- Navier is headquartered in Chicago, US.