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Candela Boats
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Short description

Developer of an all-electric hydrofoil speed boat

Founded in 2014
Founded in

Company type Private Public ()
Company type

Industry Group transportation & logistics

Sector maritime

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Sweden Lidingo, Sweden
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Updated by Sunena Gupta at on 03/19/2024

Edited by Cleantech Group on 01/20/2025

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03/30/2021
Swedish Transport Administration Swedish Transport Administration
Candela and the Swedish Transport Administration have worked together to develop the world's fastest all-electric passenger ferry, set to launch in 2022.
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Confirmed by Swedish Transport Administration
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Date Investors Type Amount
11/21/2024 SEB Private Equity SEB Private Equity , EQT Ventures EQT Ventures , Kan Dela AB Kan Dela AB (3)
Post-money valuation of
Funding will be used to increase production and expand into global electric vessel market
 Growth Equity $14,000,000
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