Britain, meanwhile, still hasn't bounced back from its loss in 1851 to the schooner America.
But the physical demands of racing the power-hungry 50-foot America's Cup Class foiling catamarans, which have a crew of six, requires a new mix of strength, speed and stamina.
They advance to face the victor between Sweden's Artemis Racing and SoftBank Team Japan.
Artemis Racing skipper Nathan Outteridge was thrown overboard as Emirates Team New Zealand took a 2-1 lead on a dramatic first day of the America's Cup challenger final.
Artemis Racing skipper Nathan Outteridge feared for his safety when he was nearly run over by Team NZ on the Great Sound off Bermuda.
This is the first-to-five-point series to determine who will face Americas Cup defender Oracle Team USA in the Match starting next Saturday.
Outteridge was left stranded in the water, from where he was later picked up by a support boat. Full credit to the guys.
The Team Sweden helmsman slid off his ACC boat and ended up in the water during the third race of today's opening round of the America's Cup challenger final. Burling sailed ahead to a 47-second victory.
Burling said the capsize will be in the back of his mind for a long time. "It's a big family team here", Outteridge said. "The challenge continues, we will be back stronger". That's really powerful going into tomorrow.
At the finish, Ashby and grinder Blair Tuke shook hands with the other three grinders.
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"Eventually, we made eye contact and he missed me by about a boat width".
The Kiwis then saluted the British crew. They'll have to wait at least two more years to try again. "We knew we had the power and had to keep chipping away, we saw the opportunity and stole the victory", Outteridge said in televised comments on BT Sport.
"We felt the boat was going really fast today", Burling said.
"We didn't ultimately get that America's Cup home", he said.
"We're actually very, very proud of what this team has achieved given it was the last to enter and I think we're the smallest team here".
Ainslie is the most successful sailor in Olympic history, and he helped Oracle with its incredible rally to defend the Cup in 2013.
Emirates Team New Zealand struck first blood, coming from behind to beat Artemis Racing and take early control of this best-of-nine series. He also has a silver medal.
With Artemis ruling the start box in all three races, the Kiwis found themselves playing catch up all day.
In the first race, Artemis had the lead but Outteridge crossed the boundary for an unforced error and had to slow to two boat lengths behind the Kiwis.
Whether SoftBank Team Japan do return to fulfil their sponsor's aim of bringing the cup to Japan may depend on who triumphs in this month's competition. Outteridge had to do a hard turn to avoid a collision.
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