Ferrari announced its entry into the world of sailing on Wednesday with a Hypersail project led by Italian yachtsman Giovanni Soldini that it said would blend racing tradition with technological innovation. The world's first 100-foot monohull ocean racing yacht with a foil on the keel has been designed by French naval architect Guillaume Verdier and is being built at an undisclosed location in Italy with a launch scheduled for 2026.

"It perfectly aligns with Ferrari’s tradition, drawing inspiration from our Hypercar, three-time winner of the 24 Hours of Le Mans," said Ferrari Chairman John Elkann. "Designing a yacht for offshore racing is perhaps the ultimate expression of endurance.