Candela

Candela is a Swedish company that designs and manufactures innovative electric hydrofoil vessels. Their groundbreaking technology allows the boats to fly above the water's surface, reducing energy consumption by 80% compared to traditional vessels. This remarkable efficiency enables Candela's boats to achieve long ranges and high speeds on battery power alone, a first in the marine industry.

Candela's flagship product is the P-12 Shuttle, the world's first electric hydrofoil ferry, which is set to revolutionize urban waterborne transportation. With a cruising speed of 27 knots and a range of 40-50 nautical miles on a single charge, the P-12 Shuttle offers a faster and more cost-effective alternative to land transport in many cities. Its advanced hydrofoil technology cuts lifetime emissions by 97.5% compared to diesel vessels, while reducing operating costs by 50% for operators.

The company's leisure boats, such as the C-8 and C-7, have also gained popularity, outselling most gas-powered speedboats in their size class. Candela's boats are equipped with a Flight Controller system that uses real-time sensor data to counteract waves, providing a smooth and comfortable ride without motion sickness or discomfort.

In March 2024, Candela closed a EUR 25 million funding round, with a key investment from Groupe Beneteau, the world's largest boat manufacturer. This investment will enable the company to scale up production of the P-12 Shuttle to meet the growing demand for sustainable and efficient waterborne transport solutions.