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⚡️ The 'Tesla of the seas' is coming

PLUS: AutoStore's cube warehouse robot

Rowan Cheung

October 25, 2023

Welcome, Tech enthusiasts.

MIT alumni startup Navier is aiming to pioneer the Tesla of the seas — attracting investor buzz for emission-free electric boats.

Can the innovation usher in a new era for affordable, sustainable water travel? Let's dig in…

In today’s tech rundown:

  • ⛵️ Electric boats — the Teslas of the sea?

  • 🤖 AutoStore shows off electric warehouse robot

  • 🛠️ 10 New products

  • 📰 7 quick stories

Read time: 3 minutes

TODAY’S HEADLINES

TRANSPORTATION

Image source: Navier

The Rundown: Startups like Navier and Candela are creating electric hydrofoiling boats that lift out of the water to increase speed and range, aiming to be the Teslas of the boating industry.

The details:

  • Underwater foils (similar to wings) lift the hull above the surface, reducing water resistance for better battery efficiency.

  • The foils allow the electric boats to cruise at 20+ mph with just 40 cents per nautical mile in operating costs.

  • The $375K+ boats have attracted buyers like Elon Musk along with sustainable transportation investors.

  • The companies envision electric boat fleets providing cleaner urban transportation and shuttle services.

The relevance: Hydrofoiling might be key to unlocking electric boats that can compete with gas models while slashing emissions and cost — making sustainable transportation on the water increasingly accessible.

TOGETHER WITH INFOBOT

The Rundown: With Infobot, you can make your own AI assistant that acts as your personal news reporter on any niche topic that piques your interest!

With Infobot, you can:

  • Generate a newsletter about any topic instantly.

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ROBOTICS

Image source: AutoStore

The Rundown: Norwegian firm AutoStore unveiled an upgraded robot for its automated retail fulfillment systems — featuring an improved battery that can last longer and charge less frequently.

The details:

  • The R5 Pro is a cube-shaped bot, able to efficiently navigate the grid-like structure of the AutoStore warehouses to retrieve and store items.

  • Over 45,000 of the robots already operate in 1,200+ sites for brands like IKEA, DHL, and Gucci.

  • The tech expands storage capacity and productivity in retailers' distribution centers, enabling smaller, more efficient warehouse footprints.

Why it matters: AutoStore is a case study of how robots can augment human workers — taking over physical jobs while enabling safer, more strategic roles.

NEW PRODUCTS

📧 Selzy- The easiest email solution for startups (Visit selzy.com)

👨‍💼 Odoo- All-in-one business software solution for businesses (Visit odoo.com)

🦜 PriceParrot- Find the best competitor prices in one click (Visit priceparrot.pro)

😴 Emma Up Sleep- Figure out how to sleep again with an AI coach (Visit emma-up.com)

💡 Mixo- Launch a startup in seconds with AI (Visit mixo.io)

✏️ Yaara- Use AI to write proven, high-converting copy (Visit yaara.ai)

🧠 Taskade- Five AI-powered tools in one to supercharge your team productivity (Visit taskade.com)

📸 Photo AI- Create beautiful AI photos without using a camera (Visit photoai.io)

🧪 Quizgecko- AI online test and quiz maker (Visit quizgecko.com)

🧠 Decktopus- An AI-powered presentation generator (Visit decktopus.com)

Browse the most popular tools ever featured with our tool database.

SNIPPETS

Apple and Google disabled live traffic features in their maps for Israel and Gaza, likely to prevent revealing military troop movements ahead of an anticipated Israeli ground invasion into Gaza.

PetroChina conducted the first global crude oil trade using China's digital yuan.

Xreal is launching its new augmented reality glasses, Air 2 and Air 2 Pro, in November, offering an improved display and design with prices starting at $399.

TikTok is testing a feature for users to upload 15-minute videos, extending its previous 10-minute limit established in 2022.

Spotify's subscriber increase and price hike led to a €65 million quarterly profit.

NASA's OSIRIS-REx mission collected over 70.3 grams of samples from asteroid Bennu, surpassing its 60-gram target.

Meta faces a lawsuit from over 41 US states accusing the company of deceiving the public about mental health risks to young users from Instagram.

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THAT’S A WRAP

If you have anything interesting to share, please reach out to us by sending us a DM on Twitter: @rowancheung & @therundowntech

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