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Eric Laakmann

Sep 9, 2026

12:45
What are you all seeing in terms of the opportunity?
12:47
I'll look at the three different modes of transportation and talk about that in reference to where marine is today.
12:54
So automotive, obviously the furthest along in terms of battery technology, going more sustainable in EV sales are, you know, they're absolutely climbing and it's a clear better choice across the board for many, many, many different applications.
13:07
And that's because the performance of EVs has gotten to the point where it's parity or better in many cases, especially if you qualify maintenance and all these other extra factors.
13:18
Yeah, it's a better product than what the internal combustion equivalent is.
13:21
What we see in the marine space is if you look at the fuel fraction, the amount of energy that a boat contains, it's oftentimes a lot larger than the percent fuel fraction that a car contains.
13:33
And so when you just do a straight battery swap, you say, well, we're going to convert all this fuel energy into battery energy.

12 MINS LATER

25:57
So what is the state of like Vestib's go to market and how you're building the business?
2:07
I'd like you to describe the boat so people can picture it in their heads, how it sits on the water.
2:13
Yeah, well, it's not really about how it sits on the water, but how it lifts out of the water.
2:17
So we have a conventional hull that we create.
2:21
When the boat is stationary, it's being lifted by its hull like a normal boat is.
2:26
Now, our technology, we produce electric hydrofoil technology that adds these hydrofoils to the bottom of the vessel, which at speed allow the vessel to lift up out of the water.
2:42
uses goes to pushing water out of the way so by lifting the boat up you substantially reduce that drag and you unlock potential for electric boating so it's quite uh it's quite cool and you know many folks in New Zealand would have some exposure experience with what's happened with the America's Cup you know that unlocks sailboats they can sail three times faster than the wind We essentially use the same techniques, but apply that to how efficient can we make a commercial electric vessel at reasonable speeds.
3:58
What's your number one goal?
4:01
You know, I'd say the primary goal, and we're already well underway on this, you know, it's one thing to build one or two something.

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