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The first model, Raketa-1, was built by Krasnoye Sormovo (Красное Сормово) shipbuilding plant in Sormovo, Nizhny Novgorod (Нижний Новгород). On its maiden voyage, on 25 August 1957, it carried 30 passengers from Nizhny Novgorod to Kazan (420 km) in seven hours.
Raketa boats were soon in wide commercial service on the Volga River and elsewhere in the Soviet Union. To this day, the name is often used generically in Russian for all hydrofoil river boats. Later designs include the Meteor and Kometa types, among many others.