FERRARI is building a 100ft yacht that is able to “fly” over the water with no engine.

The Hypersail project – designed by French naval architect Guillaume Verdier – uses foils to stay afloat rather than fuel.

Underwater wings are installed in the stunning design to lift the boat out of the water, reducing drag and increasing speed and allowing it to “fly”.

The monohull yacht Hypersail of Ferrari – while sailing – is able to balance itself on three points.

One is a foil attached to a special canting keel – a moving part under the yacht that helps it keep upright whilst adding speed at the same time.

The second component is a foil attached to the rudder that aids in steering the remarkable vessel, while the third component is one of the pair of side foils, activated based on the boat’s turning direction.

The Ferrari boat is to measure 98ft in length, 65.5ft in width and 131ft height – making it the biggest fully foiling monohull to ever exist.

And Ferrari has even said it is st to be the first of its size in the world to be entirely energy self-sufficient.

The vessel will not use any fuel or combustion engines; instead, it will depend on renewable energy sources such as solar power, wind power, and kinetic energy, including the energy generated by the vessel’s movement due to the foils.

Architect Verdier is the mastermind behind the vessel’s impressive design and has crafted the concept to stabilize the boat’s flight through three points of contact.

Ferrari is yet to decide what kind of events the Hypersail would be entered for when it’s ready, according to Yachting World.

The company’s chairman John Elkann said: “[The] America’s Cup is regulated and this boat is thought to go beyond rules.

“This project gives us the chance to experiment in new areas.”

The Hypersail is currently being built in Italy.

Ferrari is hoping to finish the prototype by some point of 2026,

After that, it will be taken out on the water for sea trials.

These tests will be crucial in understanding how the yacht behaves and how the systems work together.

They will also show just how well the vessel can handle long trips using just renewable energy and its foils.