Qatari investment firm Al Masdar Investment W.L.L, has acquired a 63% majority stake in TYDE GmbH, German zero-emission hydrofoil company and creator of The Icon, co-developed with BMW.
The acquisition marks a 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 a global marketing strategy across luxury, commercial, and urban marine mobility sectors.
“Partnering with Al Masdar Investment allows TYDE to accelerate its mission to redefine marine mobility through sustainability and innovation,” said Dr Christoph Ballin, CEO of TYDE.
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.
Dr Christoph Ballin
“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.”
TYDE’s proprietary hydrofoil technology has been developed to reduce energy consumption by up to 80%, delivering a silent, smooth, high-speed flight above the water.
The partnership will also support urban water-mobility initiatives in Qatar and the wider Middle East and North Africa region, including potential deployment in Lusail, The Pearl, and Doha Corniche corridors.
The agreement was signed in Munich, Germany, with Dr Henrik Christiansen, group CEO of Al Masdar Investment W.L.L, and Malte Liedtke, group CTO, representing Al Masdar Investment, alongside Dr Christoph Ballin, CEO and co-founder of TYDE GmbH, representing TYDE.
