# Navier

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/navier

- Industry: Transportation Services
- Headquarters: San Francisco, US
- Website: www.navierboat.com
- Total disclosed funding: $7.2M
- Latest round: Seed (Feb 7, 2022)
- Investors on record: 6

## About

Based in CA, US, and founded in 2019 by Reo Baird and Sampriti Bhattacharyya, Navier builds watercraft that cuts the running cost of a marine vessel. In February 2022, Navier raised USD 7.2 million in seed funding co-led by new investors Global Founders Capital and Treble Capital, along with other investors including Liquid 2 Ventures, NextView Ventures, Precursor Ventures and Soma Capital. 

The company combines hydrofoil electrification, advanced composites and software to develop long-range electric vessels at high speeds, achieving a 75 nm range at 20kn. The company's Navier 27 includes features such as an advanced auto-pilot speed and course control, ensor-assisted joystick docking, remote monitoring and aerodynamic derived stabilization. Navier 27 can reach speeds of up to 18 knots, and when it reaches 20 knots, it lifts up on the water’s surface and hovers above the water.

The company plans to use the funds for the development and launch of Navier 27.

## Funding rounds

- Seed, Feb 7, 2022, $7.2M — NextView Ventures, Global Founders Capital, Soma Capital Management, Liquid 2 Ventures, Precursor Ventures, Treble Capital

## Investors

- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Precursor Ventures (https://capitalatlas.ai/funds/precursor-ventures) — Seed
- Treble Capital (https://capitalatlas.ai/funds/treble-capital) — Seed