Founded in 2020 by Sue Putallaz, Anders Bringdal and Ricardo Bencatel, MobyFly has announced the closing of its Series A financing round, that reached CHF 10.1 million. This amount includes a significant contribution from the Environmental and Solidarity Revolution Fund, financed by the Crédit Mutuel Alliance Fédérale corporate dividend and run by Crédit Mutuel Impact. Based in Bouveret and supported since its launch by Economic Promotion Valais and The Ark Foundation, the start-up was also financed by existing and new private investors, as well as CCF Valais, the financial services provider of the economic promotion of the Canton Valais.

“This fundraising is a decisive milestone for MobyFly. Thanks to the support from Crédit Mutuel Alliance Fédérale and from our other investors, we enter a new phase of development, enhancing our industrial capacity and accelerating our commercial roll-out. Our mission remains clear: we want to provide a viable, profitable and eco-friendly alternative to fossil fuel-powered ferries”, explains Sue Putallaz, co-founder of the start-up.

This important investment will allow MobyFly to expand its operations, enhance its engineering and R&D capacity, speed up the market launch of its zero-emission hydrofoil technology in a high-demand sector, and reinforce its commitment to sustainable and profitable marine transportation.