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Candela: Producing Fleets of Electric Ferries that Reduce Energy Consumption

Image Credits: Candela
By: Headliners News / March 25, 2024

Meet Candela, the innovative electric boat manufacturer who is making waves in the maritime industry with its latest funding round of $25 million and the debut of its new P-12 ferry in New Zealand. With global aspirations and a commitment to sustainability, Candela is revolutionizing water transportation with its highly efficient electric vessels.

The startup‘s journey began with smaller vessels like the C-7 and C-8, but it has steadily expanded its lineup, culminating in the launch of the P-12 ferry capable of carrying up to 30 passengers. This expansion reflects Candela’s dedication to innovation and its mission to provide clean, efficient alternatives to traditional boats.

The recent deployment of the P-12 ferry on New Zealand’s Lake Manapōuri marks a significant milestone for Candela and its partners. By ferrying passengers to the country’s largest hydroelectric power station, the company is not only reducing emissions but also contributing to the preservation of the environment. The transition to electric boats represents a crucial step forward in the quest for cleaner, more sustainable transportation solutions.

The involvement of Groupe Beneteau in Candela’s funding round underscores the growing interest in electric boating among established industry players. With a legacy spanning over a century, Groupe Beneteau recognizes the importance of investing in innovative solutions for a more sustainable future. By supporting Candela, the company is aligning itself with the broader ecological transition objectives and positioning itself as a leader in sustainable boating practices.

Candela’s use of hydrofoils and electric engines sets it apart from traditional boat manufacturers. By harnessing the power of hydrofoils to lift the vessel above the water’s surface, Candela’s boats achieve remarkable energy efficiency, significantly reducing fuel consumption. While challenges remain, such as navigating log collisions, the overall benefits of electric boating far outweigh the drawbacks.

The electrification of the maritime industry is gaining momentum, with Candela leading the charge. As other companies like Navier and Zin Boats enter the market, the landscape for electric water transportation is rapidly evolving. With continued investment in technology and innovation, the future of boating looks cleaner, quieter, and more sustainable than ever before.

The $25 million funding round, led by Groupe Beneteau and supported by EQT Ventures, Ocean Zero LLC, and Kan Dela AB, signals confidence in Candela’s vision and its potential to transform the maritime industry. As the company continues to expand its presence globally, it is poised to play a significant role in shaping the future of electric boating.

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