Italian water transportation company, Jet Capsule has released pictures of its latest concept - a two storey floating house/yacht called UFO.

The UFO, which stands for unidentified floating object, is environmentally friendly and entirely self-sufficient, according to the designers at Jet Capsule. It can be powered either via the sun, wind or waves.

The company, which is based at the Port of Naples, Italy,  is currently looking for investors to develop a working UFO prototype. The vessel is made up of two shells, each with an interior measuring 2.2 metres high. The two-storey floating house/yacht has a disc-shaped outer deck which measures 12.5 metres in diametre.

See photos of the UFO below

Inside, there is a living room and kitchen area on the main level. A ladder connects to the sub-level which features a bathroom and an underwater viewing area. Pictures of the design were released on the company’s Facebook page recently.

This is not the first futuristic watercraft coming from the company. One of its directors, Pierpaolo Lazzarini, who is in change of design and product development, has previously launched the Jet Capsule.

This “mini yacht” prototype was unveiled in 2013, before a smaller, faster version, called the Reptile, was launched in early 2015.

Lazzarini wanted to create a boat that was spacious enough for an evening’s entertainment but small enough to handle easily.

He developed his project with the CEO of S3, Luca Solla, eventually forming the Jet Capsule company in 2011.

Powered by a 325hp Yanmar diesel engine and a Hamilton waterjet, the original Jet Capsule had a maximum speed of 25 knots. It can seat four people inside, and has a self-draining interior cockpit.

A 2016 version of the Jet Capsule has since been launched with room for up to 12 passengers and one pilot. It is 7.6 metres long, 3.5 metres wide and 2.3 metres tall. It has a cruising speed of 32 knots and costs US$150,000.