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1036 Swedish startup raises $40M to accelerate zero-emission waterborne transport revolution

ArcticStartup
Nurcin Metingil @ ArcticStartup · 11/26/2024 08:04 EDT

Swedish startup raises $40M to accelerate zero-emission waterborne transport revolution

Stockholm-based Candela has successfully closed its Series C funding round, raising a total of $40 million in 2024, including a fresh $14 million led by SEB Private Equity, with participation from EQT Ventures and KanDela AB. Renowned for its electric hydrofoil technology, Candela develops high-speed, zero-emission vessels like the P-12 ferry, which halves commute times […]

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