Candela, the Swedish builder of electric foiling boats, announced that it raised an additional $14 million in its Series C round. The new investment was led by SEB Private Equity with the participation of existing investors EQT Ventures and KanDela AB. This brings Candela’s total funding for 2024 to $40 million.
“This is the dawn of a zero-emission revival in waterborne transportation,” Gustav Hasselskog, Candela’s founder and CEO, said in a statement.
The company also announced the first U.S. sale of the P-12 shuttle ferry, which will operate on Lake Tahoe. The P-12 recently was introduced into Stockholm’s public transport system.
“This investment, made during a challenging time for many companies, is a testament to Candela’s technology and its unique ability to solve the pressing issue of decarbonizing transport,” Hasselskog said.
