Candela

About Candela

Candela designs and manufactures hydrofoiling electric boats and ferries that achieve high speeds and long ranges while reducing energy consumption by 80%. Their vessels provide zero-emission transport solutions that are faster, quieter, and more cost-effective than traditional fossil fuel-powered boats.

```xml <problem> Conventional boats and ferries consume significant amounts of fossil fuels, resulting in high operating costs, noise pollution, and harmful emissions that contribute to climate change. Traditional waterborne transportation often suffers from inefficiencies, limiting speed and range while compromising passenger comfort. </problem> <solution> Candela designs and manufactures hydrofoiling electric boats and ferries that dramatically reduce energy consumption and environmental impact. By lifting the hull above the water, Candela's hydrofoil technology minimizes drag, enabling long-range, high-speed operation with 80% less energy compared to traditional vessels. These electric boats offer a silent, comfortable, and cost-effective alternative for both commercial and recreational use, revolutionizing sustainable water travel. </solution> <features> - Hydrofoil technology that reduces energy consumption by 80% compared to conventional boats - Electric propulsion system for zero-emission operation and reduced noise pollution - Candela C-POD, a quiet and power-dense marine motor - High-speed capabilities for faster commuting and reduced travel times - Long-range performance, making electric boats viable for various applications - Applications for public transport, shuttle services, and private leisure </features> <target_audience> The primary target audience includes public transportation operators, shuttle service providers, private clients seeking bespoke transport solutions, and individuals interested in high-performance electric leisure boats. </target_audience> ```

What does Candela do?

Candela designs and manufactures hydrofoiling electric boats and ferries that achieve high speeds and long ranges while reducing energy consumption by 80%. Their vessels provide zero-emission transport solutions that are faster, quieter, and more cost-effective than traditional fossil fuel-powered boats.

Where is Candela located?

Candela is based in Stockholm, Sweden.

When was Candela founded?

Candela was founded in 2014.

How much funding has Candela raised?

Candela has raised 14000000.

Location
Stockholm, Sweden
Founded
2014
Funding
14000000
Employees
269 employees
Major Investors
SEB Private Equity

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Candela

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Executive Summary

Candela designs and manufactures hydrofoiling electric boats and ferries that achieve high speeds and long ranges while reducing energy consumption by 80%. Their vessels provide zero-emission transport solutions that are faster, quieter, and more cost-effective than traditional fossil fuel-powered boats.

candela.com30K+
cb
Crunchbase
Founded 2014Stockholm, Sweden

Funding

$

Estimated Funding

$10M+

Major Investors

SEB Private Equity

Team (250+)

No team information available.

Company Description

Problem

Conventional boats and ferries consume significant amounts of fossil fuels, resulting in high operating costs, noise pollution, and harmful emissions that contribute to climate change. Traditional waterborne transportation often suffers from inefficiencies, limiting speed and range while compromising passenger comfort.

Solution

Candela designs and manufactures hydrofoiling electric boats and ferries that dramatically reduce energy consumption and environmental impact. By lifting the hull above the water, Candela's hydrofoil technology minimizes drag, enabling long-range, high-speed operation with 80% less energy compared to traditional vessels. These electric boats offer a silent, comfortable, and cost-effective alternative for both commercial and recreational use, revolutionizing sustainable water travel.

Features

Hydrofoil technology that reduces energy consumption by 80% compared to conventional boats

Electric propulsion system for zero-emission operation and reduced noise pollution

Candela C-POD, a quiet and power-dense marine motor

High-speed capabilities for faster commuting and reduced travel times

Long-range performance, making electric boats viable for various applications

Applications for public transport, shuttle services, and private leisure

Target Audience

The primary target audience includes public transportation operators, shuttle service providers, private clients seeking bespoke transport solutions, and individuals interested in high-performance electric leisure boats.

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