Cookie Consent by Free Privacy Policy website Electric watercraft maker Candela secures €24M investment from EQT Ventures to scale production of foiling vessels
dicembre 09, 2021 - Candela Speed Boat Ab

Electric watercraft maker Candela secures €24M investment from EQT Ventures to scale production of foiling vessels

Comunicato Stampa disponibile solo in lingua originale. 

  • Candela's Hydrofoiling Electric boats reduce energy consumption by 80% compared to conventional planing craft and are the first to attain long all-electric range at high speeds at sea
  • Candela is the leading electric boat maker and envisions to have a big impact on the sizable CO2 emissions caused by fast coastal shipping worldwide
  • The company complements their best-selling electric boat lineup with commercial vessels built on Candela's proprietary hydrofoil tech
  • Led by EQT Ventures, with participation from existing investor Chris Anderson, the Curator of TED talks
  • Funding will be used to triple R&D, invest in production automation, and scale up production of electric vessels

[2021-12-08], Stockholm, Sweden -- Today, Swedish tech firm Candela -- known for cracking the code for long-range electric crafts and topping electric boat sales -- has announced it's raised €24M, led by EQT Ventures, with participation from existing investor Chris Anderson, the Curator of TED. The new capital will boost the company's already substantial cash influx from sales and will be used to triple R&D, invest in production automation and scale up the sales organisation to meet demand for Candela's electric leisure and commercial vessels worldwide.

The shift to zero emission boats and ships has been hampered by the enormous energy consumption and correspondingly low range of conventional electric boats. Flying on computer-guided underwater wings -- known as hydrofoils -- that reduce energy consumption by 80% compared to conventional planing craft, Candela's vessels soar above the waves in silence with 2-3 times longer endurance than the best conventional electric powerboats. The active hydrofoil system stabilises the vessels in-flight using computer power and advanced software that accounts for waves and side winds, allowing for a wake-free and smoother ride than conventional boats.

Over the past three years, Candela's high-tech hydrofoil vessels have disrupted the global boating industry by being the first to offer the elusive combination of long all-electric range and high speed. Since 2019, Candela has led electric boat sales in Europe with its foiling C-7 sportsboat. Now, the company is building on this success with the mass market Candela C-8, a day cruiser that the company has close to 100 orders for, just three months after launch.

Further information in the press release to download

Ti potrebbe interessare anche

maggio 30, 2022
marzo 27, 2022
marzo 27, 2022

Comunicato Stampa disponibile solo in lingua originale. The next generation of electric passenger boats flies above the water at h...

Comunicato Stampa disponibile solo in lingua originale. The Swedish tech company Candela has racked up more than 60 orders for its...

Comunicato Stampa disponibile solo in lingua originale. As the Formula 1 of sailing returns to #sanfrancisco for the Mubadala Unit...