Faroboats Seeks Investment to Power Next Phase of Growth

Faroboats is a Portuguese startup founded in 2021 specializing in small leisure boats. Their main product, the Faro5, takes design cues from classic 1920s runabout boats while incorporating modern electric boating technology.

The Faro5 is not just stylish but also practical. It comes with a unique Solar Charging Dock called the PowerDock®, which allows boaters to recharge their boats in under three hours. This combination makes it easier for modern boaters to enjoy convenience and efficiency.

Faroboats offers a fresh approach to leisure boating by combining traditional craftsmanship with innovative solutions. The elegant design of the Faro5 and the easy-to-use PowerDock® enhance the boating experience.

Building a Global Reputation

Faroboats has gained attention at major yacht shows in Cannes, Monaco, and Dubai. The Faro5 won the Best Electric Boat under 8m award at the Gustave Trouvé Awards in 2022, confirming its top-quality status. The innovative PowerDock® also received recognition, making it onto TIME Magazine’s list of “200 Extraordinary Innovations Changing Our Lives” in 2023.

Faroboats earns this praise by addressing practical challenges like charging infrastructure. They provide solutions that appeal to boaters everywhere.

Expanding the Horizon

Faroboats is looking to the future. They plan to create larger, more powerful boats like the upcoming Faro312. They are also introducing the Powerbays, more extensive and modular versions of their PowerDock®. These charging stations will support electric boats up to 10 meters long, solving a big problem for owners of larger vessels.

To support these plans, Faroboats is seeking outside investment for the first time. CEO Nuno Frazão highlights their goal of franchised manufacturing, which will make production more efficient and lower shipping costs worldwide. This strategy helps Faroboats grow while still focusing on innovation.

A Modern Take on Boating

Faroboats isn’t trying to reinvent boating; they are giving it a thoughtful update. By mixing classic design with modern technology, they create boats that look good and perform well. With more exciting projects coming soon, Faroboats is influencing the future of small leisure boats — and they’re just getting started.