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Candela secures €24.5M to scale up production of fast electric ferry

March 19, 2024


A key partner in the €24.5 million round is French boat maker Groupe Beneteau.

As explained, the new investment round will help to scale up production to meet demand for the recently launched Candela P-12, described as the world’s first electric hydrofoil ferry.

Globally, waterborne transport emits 3% of global GHG emissions. Still, electrification has been slow to take off across leisure and commercial vessels, due to conventional ships and boats being inefficient at high speed.

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