Other backers include EQT Ventures, Ocean Zero LLC, and Kan Dela AB. With this new investment, Candela has received over €70 million in funding since its start.
Electricity-powered vessels emit far fewer greenhouse gases compared to traditional ships, but electrification in the maritime industry has been slow. Candela's cutting-edge hydrofoil crafts, however, are changing that. These vessels use computer-stabilized hydrofoils to glide above water, consuming 80% less energy than conventional boats, allowing for long-range, high-speed travel using battery power.
Gustav Hasselskog, Candela's CEO, expressed excitement about Groupe Beneteau's involvement, seeing it as a validation of their technology's potential to revolutionize water transportation.
Candela's vessels offer superior performance in rough seas and delicate waterways. Equipped with onboard Flight controllers, they counteract waves in real-time, reducing motion sickness. Plus, they produce minimal wake, enabling faster travel without speed restrictions.
Bruno Thivoyon, CEO of Groupe Beneteau, highlighted the alignment of their investment with the company's ecological goals, emphasizing the importance of Candela's technology in advancing sustainable boating.
The new funding will support the production of the Candela P-12, the world's first electric hydrofoil ferry. This innovative vessel cuts lifetime emissions by 97.5% compared to diesel ferries, while reducing operational costs. Its minimal wake has even earned it exemptions from speed limits.
The electric vessel market is expected to grow significantly, driven by incentives to reduce shipping emissions. Candela believes its technology puts it in a strong position to lead this shift towards fossil fuel-free waterways.
