Valo (YC W19)

Hydrofoils unleashing a new era of water transportation

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Valo: An In-depth Look

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Security Type
CAFES
Categories
Other, Consumer Goods & Products, Transportation & Storage, Sustainability, VC-Backed, Technology
Min Investment
$100
Location
Alameda, , CA
No. Investors
185
Website
ridevalo.com

Key Deal Facts

$3.5M+ hydrofoil watercraft pre-sales $124M in Letters of Intent with Fortune 100 firms, ferry groups, & original equipment manufacturers Led by 2X YC-backed founder & world-class team from McKinsey, Oracle, & Boeing Team has built 1st hydrofoiling container ship, e-foiling boats, self-landing rockets, & drones Massive $114B recreational & commercial boating market Backed by leading venture funds Y-Combinator (YC), Soma Capital, Fifty Years VC, & Climate Capital

Management Team / Advisory Board Bios

Ed Kearney CEOSerial entrepreneur. 4x founder, 2x YC-backed & 2 exits. Co-founder of world’s largest photography company, Snappr, grew from 0-2K photographers in 6 countries. Creator of 1st hydrofoiling container ship. MEng Oceanography University of New South Wales., Reo BairdCTOHydrofoiling tech + engineering expert. Co-founder and former CTO of e-foil boat company Navier. Ex-McKinsey consultant focussed on marine. BS Aerospace + ME Electrical & Computer Science Massachusetts Institute of Technology (MIT)., Paul Beiker Naval Architecture ConsultantPioneer in marine design. 30+ years in high tech marine design + engineering. Principal design engineer on Oracle Team USA foiling boats., Mateo Pena DollMechanical Engineering + Powertrain ConsultantPowertrain industry veteran. Owner at marine powertrain leader Doll Motors. Co-founder of New Valence Robotics (Acquired by Cincinnati). Mechanical Engineering MIT., Benjamin Tripplet, PhDLead GNC Engineering ConsultantNavigation + control engineer. 25+ years experience in control systems. Ex-Boeing, Insitu, & Masten Guidance. Built guidance systems for surveillance drones + self-landing rockets. PhD University Washington.

Amount Raised : $1,955,360
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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