Candela
The fastest, most efficient electric boats on the planet
Stockholm, Sweden · Founded 2014 · $54.0M raised
- Headquarters
- Stockholm
- Employees
- 201–500
- Founded
- 2014
- Business Model
- B2B
- Website
- candela.com
- Total Funding
- $54.0M
- Last Round
- $54.0M Growth EquityNov 2024
- Rounds
- 1
About
Candela is a Swedish electric boat manufacturer pioneering hydrofoil technology for zero-emission water transport. The company designs and builds electric hydrofoil vessels — including leisure boats (C-7, C-8) and commercial ferries (P-12) — that use computer-controlled underwater wings to lift the hull above the water surface, reducing hydrodynamic drag by up to 80% compared to conventional vessels. This efficiency breakthrough enables significantly longer range, higher speed, and lower operating costs than traditional electric boats. Candela's P-12 is the world's first electric hydrofoil ferry, operating passenger routes in Stockholm. The company's mission is to decarbonize water transport and make electric boats economically viable for both consumers and public transit operators.
Summary
Candela is a Clean Tech company based in Stockholm, Sweden, founded in 2014. It has raised $54.0M in total across 1 round, most recently a $54.0M Growth Equity round in Nov 2024. Investors include Kinnevik.
Tech & App Stack
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Funding History
Nov 2024
Investors
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