Candela Secures Record Funding for Revolutionary Electric Hydrofoil Ferries

With over $25 million raised, Candela aims to lead the sustainable transformation of global ferry transportation.

Candela, a pioneer in electric hydrofoil technology, has successfully closed its largest funding round, securing over $25 million to expand production of its P-12 ferry.
Groupe Beneteau, the world's largest boat manufacturer, partners with Candela, endorsing its innovative, sustainable technology for the future of waterborne transport.
The Candela P-12 ferry, the world's first electric hydrofoil ferry, promises to cut lifetime emissions by 97.5% compared to diesel vessels, while reducing operating costs by up to 50%.
Candela's technology not only addresses the efficiency and environmental challenges of traditional boats but also paves the way for faster, greener public transportation solutions.
The company's rapid growth and technological advancements signal a significant shift towards fossil fuel-free lakes and oceans, with potential impacts on recreational and commercial boating industries.