Alumni's 'flying' boat startup secures $2.7M
A Waterloo-based company building next-generation hydrofoil boats has secured $2.7 million to bring its innovative prototype to market.
ENVGO was founded in 2021 by four Waterloo Engineering alumni: Mike Peasgood (BASc ’98 and MASc ’04, systems design engineering, PhD ’08, mechanical engineering), April Blaylock (BASc ’04 and MASc ’07, mechanical engineering), Paul Masojc (BASc ’05, mechanical engineering) and Jerry Mailloux (BASc ’01, electrical engineering). The company’s zero-emission cruiser travels above water at four times the efficiency of traditional electric boats.