TYDE and Al Masdar Investment join forces to scale zero-emission hydrofoil technology worldwide
by TYDE 14 Nov 08:29 PST
Al Masdar Investment W.L.L, a leading Qatari investment firm under the chairmanship of Sheikh Saud bin Abdulaziz Al-Thani, has acquired a 63% majority stake in TYDE GmbH, the German pioneer in zero-emission hydrofoil marine mobility and creator of THE ICON, co-developed with BMW.
This strategic acquisition marks a major step in Al Masdar Investment's mission to drive sustainable innovation and green technology across global industries, including mobility, energy, and advanced manufacturing. As part of the transaction, Al Masdar Investment will inject new capital into TYDE to finance the development of next-generation models and to support an aggressive global go-to-market strategy across luxury, commercial, and urban marine mobility sectors.
The agreement was signed in Munich, Germany, with Dr. Henrik H. Christiansen, Group CEO of Al Masdar Investment W.L.L, and Mr. Malte Liedtke, Group CTO, representing Al Masdar Investment, alongside Dr. Christoph Ballin, CEO and co-founder of TYDE GmbH, representing TYDE.
"Partnering with Al Masdar Investment allows TYDE to accelerate its mission to redefine marine mobility through sustainability and innovation. With this strategic alliance, we can scale our technology, expand globally, and bring zero-emission water transport to both private and urban markets faster than ever before," said Dr. Christoph Ballin, CEO of TYDE GmbH.
TYDE's proprietary hydrofoil technology reduces energy consumption by up to 80%, decreases greenhouse gas emissions by over 90%, and delivers a superior passenger experience through silent, smooth, high-speed flight above the water.
The partnership will also support urban water-mobility initiatives in Qatar and the wider MENA region, including potential deployment in Lusail, The Pearl, and Doha Corniche corridors.