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The Business Magazine July 2024
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Red Funnel and Artemis Technologies move to delivery phase on electric ferry

The Business Magazine article image for: Red Funnel and Artemis Technologies move to delivery phase on electric ferry
27 February 2025

Work is progressing on a pioneering new zero-emissions electric ferry, built by Artemis Technologies on behalf of Southampton-based Red Funnel.

The programme has now entered the construction and delivery phase, with crew training set to begin this December at Artemis’s facilities in Belfast.

Together, the companies will stage a series of live demo events in May featuring a smaller prototype of the upcoming Artemis EF-24 Passenger vessel.

Fran Collins, CEO of Red Funnel, said: “We’re thrilled to have reached this exciting milestone in our partnership with Artemis Technologies.

“Moving into the delivery phase is the next step in updating our fleet to align with our long-term sustainability and decarbonisation goals while also providing a resilient lifeline service for our customers.”

Leanna Lakes, operations director at Red Funnel, added: “This is an incredibly exciting moment for the Isle of Wight and for Red Funnel, and I have no doubt that the team will carry this project over the line with the same passion and dedication that has brought us to this stage.

“The introduction of this cutting-edge technology presents a huge opportunity for Red Funnel to lead the way in sustainable ferry travel, setting new standards for the industry.”

Dr Iain Percy OBE, CEO of Artemis Technologies, added: “The development phase is where we bring our shared vision to reality, and we’re confident this vessel will mark a groundbreaking step in passenger transport.

“Our upcoming water taxi demonstration in May will give a glimpse into the future of ferry travel.

“We’re eager to showcase the advancements we’ve made.”

The Artemis EF-24 Passenger is set to save up to 3,700 tonnes of carbon emissions a year – or 4,150 if using electricity from renewable sources.


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Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL.

Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience.

Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.

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