After an intensive R&D and product development period, the company launched the first prototype in 2018, garnering 350+ million views on social media. Half-bike, half-plane, the ‘Hydrofoiler’ replicates the cycling experience on water using carbon fiber foils not unlike America’s Cup sailboats.
“We’ve been able to make an immediate splash within a few booming market verticals. The opportunity now lies in fueling the growth of this new sport” said Founder, Guy Howard-Willis – “This completely new leisure craft category is now riding the wave of “holiday at home” and ”wellness” trends proving demand for this new sports category – ‘foil cycling’. We are delighted to be able to offer this great innovation to US consumers today.”
The first bike off the shelf is the XE-1 (X= all ‘water terrain, E= Electric assist, 1- first edition), an electric assist pedal model where users can change the level of motor assistance. Riders looking to put in maximum physical effort can reach speeds of 11 knots and get up to 4 hours ride time.
The hydrofoil bikes are made from strong carbon fiber and aircraft-grade aluminum, making them buoyant and light enough to carry.
One of New Zealand’s fasting growing companies
Backed by the New Zealand Trade and Enterprise (NZTE) Manta5 has now set up its new US base of operations in Florida.
“New Zealanders have a strong affinity and love of the water; we see the same connection in US culture. It’s the right place to begin building hydrofoil cycling communities across Europe’ Mark Robotham, CEO
Taking inspiration from the many different disciplines within cycling industry, the company are planning to hit $100 million revenue in 2023 by releasing a range of water bikes designed to highlight unique riding experiences. With public listing aspirations in the next two years Manta5 are actively engaging with distributors and are eager to speak with other interested parties now.
The possibility of uses for this Hydrofoil Bike is infinite: from aquatic leisure to training for cyclists and athletes who wish to diversify their exercises while enjoying a nautical activity.
During Outdoor Retailer and The Big Gear Show (August) Manta5 will officially present their Hydrofoil Bike to distributors, and the media the during a show. For media, there is the possibility to preview and test the Hydrofoiler XE-1 model at before or during the show.
“It's an exciting time for us at Manta5, a young New Zealand company entering the US market with a unique offering that promises to revolutionise the cycling and nautical sectors. We have experienced huge growth since 2018 and our US growth will provide the catalyst to achieve our goal of becoming a new global sport”, says Annabelle Joy, Manta5 Business Development Manager.
Full Pressroom with imagery and information, available here
CEO Mark Robotham, Founder Guy Howard-Willis, Annabelle Joy Business Development Manager are available for interview.
Follow Manta5 on social media via @manta5.nz on Instagram, @Manta5NZ on Facebook and @Manta5_NZ on Twitter.
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