Move over, Uber and Lyft; a local company is launching a new ride-hailing app, but this one's for boaters.

The app's developers said it could turn your vessel into a cash machine by giving others a chance to take a ride.

The experience of being on the water attracts both tourists and locals alike to the Bay area.

Technology firm CEO Cliff Nees says his new ride-sharing app, Coastalyfe, will give more people that opportunity.

"A friend of mine, we were having a conversation about ride-sharing technology, on-demand services — and it came up: 'How do we get on the water?'" Nees said.

It's like Uber for boats, Nees explained. The app, set to launch May 15 but available now for iOS and Android, uses GPS technology to connect riders with drivers in the area who can pick them up in their personal boats.

"We think that a lot of the requests are just going to be a ride down the coast — a sunset ride, go out a mile and come back — or a destination to Shell Key or Egmont Key, or something like that," Nees said.

Customers will be able to pay for their rides right through the app on their phone, and the rates will be determined much like a traditional taxi.

"As soon as you start the ride, there's a $7 flat rate," Nees explained. "Then, for every mile you travel, it's $2.97, and for every minute it's 37 cents. So, that total is your fare."

Nees said drivers will keep 80 percent of the profit. They're looking for drivers with boats 18–25 feet, less then 20 years old and in good condition. Drivers will need valid registration, insurance and safety gear.

"Drivers do have to go through a background check — a DMV background check, a criminal background check — so it takes a few days to a week to get drivers approved," Nees said. "Then, once they're approved, they can get on the water and become available."

The app also includes a two-way rating system for both riders and drivers.

Rides will be on demand and not booked in advance — for now.

"It gives everybody who doesn't have a boat right now an opportunity to get on the water," Nees said.

He added he also wants to work with local ferries and tour boats to help them connect with riders.