Ferretti Group staged the world premiere of the Riva El-Iseo at Boot Dusseldorf, where the Italian boat-building giant also debuted Wally’s new wallypower50 and announced other upcoming models.

Riva displayed a prototype of the of the El-Iseo at previous boat shows including the 2022 Cannes Yachting Festival, but the stunning blue version on show at Messe Dusseldorf was an example of the official, production version of the first full-electric model in Ferretti Group’s new E-Luxury segment.

Based on the design of the Iseo, Riva’s smallest model, the 27ft El-Iseo has a full-electric Parker GVM310 motor from Parker Hannifin, “offering unprecedented performance in terms of speed and acceleration”, according to the Group.

Certified by RINA, the El-Iseo also contains a high-energy-density lithium battery pack by Podium Advanced Technologies, which offers an efficient, lightweight solution with a capacity of 150 kWh and a voltage of 800V. Otherwise, the yacht retains Riva’s classic use of polished mahogany and stainless-steel detailing as seen on the Iseo.

Alberto Galassi, Ferretti Group’s CEO, said: “Ferretti Group’s 2024 kicks off under the banner of innovation and sustainability, the two main coordinates for the future of yachting. El-Iseo, Riva’s first full-electric powerboat, is proof that the world’s most highly renowned shipyard is also the one that rises to and wins the challenges of today.”

The Group’s upcoming models include two Wally sailing yachts, the wallywind110 cruiser-racer and the wallyrocket51, while the wallywhy100 presented at a private preview in Venice last December will be presented at boat shows later this year. The Ferretti Yachts Infynito 80 and Pershing GTX80 are both expected to premiere at the Cannes Yachting Festival (September 10-15).

Ferretti Group also revealed financial figures including revenues of €856.4 million and adjusted EBITDA of €124.8 million for the first nine months of last year, up 9.8 per cent and 17.7 per cent respectively on the corresponding period in 2022.

The company launched new offices at its Ferretti Group Superyacht Yard in Ancona in December and continues to develop its new 70,000sqm production hub in Ravenna. Ferretti Group is a public company, with over 50 per cent of its share capital traded on the market, having listed on the Hong Kong Stock Exchange in 2022 and Euronext Milan in 2023.

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