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548 Swedish Candela raises €25 million to propel electric hydrofoil ferry production

ArcticStartup
Nurcin Metingil @ ArcticStartup 1 place · 03/29/2024 10:36 EDT

Candela, a Stockholm-based electric vessel manufacturer, has closed its largest funding round of €25 million, with key investment from Groupe Beneteau, a global boat maker, along with EQT Ventures, Ocean Zero LLC, and Kan Dela AB. Candela’s hydrofoil craft use 80% less energy than other ships, offering long range and high speed on battery power. […]

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