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
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

Growth EquityGrowth EquityNov 2024
$54.0M

Investors

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