Deepspeed working on 500 kilowatt electric hydrojet

Coming off a very successful crowdfunding campaign, an expanded DeepSpeed development team is working on a high power 500 kiloWatt electric hydrojet motor designed for work boats and vessels that sail hundreds of hours a year. The company’s December funding campaign raised €2.9 million (3.5M US$) in 17 days – easily blowing past the target of 2 million Euros. Deepspeed is now under the umbrella of a broader company (Sealence), and with the hiring of 5 new design engineers and a strategist in international finance has announced a new focus on higher power motors for luxury yachts and large commercial boats.