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image  1 TechCrunch - It takes a special kind of boldness to raise a wad of cash, claim to have $90 million w
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December 30, 2022

It takes a special kind of boldness to raise a wad of cash, claim to have $90 million worth of preorders, then pivot away from passenger ferries and light container ships, and instead start selling $59,000 personal watercraft. Bold, yes, but the tactic seems to be working. Boundary Layer’s CEO and founder, Ed Kearney, told me the company has more than $1 million worth of preorders.“After being live for just three weeks we have slightly over $1 million worth of vehicles reserved, mostly to folks in the U.S., and one customer in Kuwait,” Kearney tells me, adding that the company is “on track to demonstrate the prototype in early February.”The company charges a $1,000 refundable deposit for a place on the waiting list. It remains to be seen when the company will be ready to start shipping the personal watercraft to its customers and whether the company’s investors are enthused about a B2B to B2C pivot in the middle of a complicated world of global financial instability.Link in the bio to the full article 👆 Story by Haje Jan KampsImage Credits: Boundary Layer#TechCrunch #technews #electricboats #hydrofoil #startup #watercraft
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