Porsche Design has unveiled its latest collaboration with yacht builder Royal Falcon Fleet, a 135 ft. catamaran.

The RFF135 is their first joint venture which has reached the first milestone of the construction.

The $58million craft features 472 square metres of interior space, accommodating 10 passengers and 10 crew members.

Porsche Design Group on Wednesday announced the signing of a design and marketing agreement with Singapore-based yacht builder, Royal Falcon Fleet.

Under this agreement Porsche Design will design luxury catamarans and mega-yachts for Royal Falcon Fleet on an exclusive basis in addition to developing a marketing concept for the yachts.

The first project is what you see in the photo above, a motor catamaran that is over 40 meters (135 feet) long. Porsche Design will design both the hull exterior and interior of the catamaran.