ENATA, the UAE builder behind the Foiler flying yacht, has taken a minority stake in Dubai eFoil brand Manta Foils, formalising a composites partnership that's been running for years.
ENATA Group, the UAE composites and marine technology outfit behind the Foiler flying yacht, has acquired a minority stake in Manta Foils, a Dubai based hydrofoil brand with roots in kitefoiling that's since moved through wingfoil, eFoil and Foil Assist gear. (Not to be confused with Manta5, the Hamilton made electric hydrofoil bike, despite the near identical name.)
ENATA has been building carbon composite boards for Manta Foils since 2023. The new investment turns that supply arrangement into equity, with ENATA continuing to supply components and stepping up its engineering and R&D involvement, while Manta Foils gains access to ENATA's expanding R&D capability in Abu Dhabi.
ENATA Group CEO Alois Vieujot called Manta Foils' technology platform impressive and said the investment "reflects our confidence in the company's vision."
Its Foiler, a 9.8m carbon flying yacht that raises its hull 1.5m above the water and reaches 40 knots, was first unveiled in 2018, built on America's Cup derived foiling technology. ENATA is also sinking USD20 million into a new 100,000 square metre manufacturing and R&D complex in Abu Dhabi, under construction from mid-2026 and due for completion in 2027.
Manta Foils was already a customer before this deal. The timing lines up with ENATA's own expansion in Abu Dhabi, and gives the company a further stake in electric foiling.
https://foiler.com/
https://www.mantafoils.com/
