Candela, a Stockholm, Sweden-based firm that designs and manufactures electrical boats and ferries that use hydrofoil know-how, raised $14M and closed its Collection C funding at $40M.
The spherical was led by SEB Personal Fairness, with participation from earlier traders EQT Ventures and KanDela AB.
The corporate intends to make use of the funds to scale up P-12 manufacturing at its Stockholm facility.
Led by CEO and Founder Gustav Hasselskog, Candela makes hydrofoiling electrical boats and ferries that mix lengthy vary with excessive pace. Its hydrofoil know-how (C-Foil) is a computer-guided hydrofoil system with underwater wings that raise the hull above the water, lowering power consumption by 80% in comparison with different high-speed vessels. This allows the uncommon mixture of excessive pace and prolonged electrical vary. Not too long ago, the corporate launched a foiling electrical ferry, the Candela P-12, into Stockholm’s public transport system. Right here, the P-12 has already demonstrated its skill to halve commute occasions and showcase the potential to eradicate fossil gasoline reliance in metropolis transport.
FinSMEs
26/11/2024
