News

March 19, 2024

Candela raises €24.5m to solve sea commute with 'flying' boats

The startup, backed by EQT Ventures, hopes to make public transport by sea take off again


Mimi Billing

6 min read

Catch a glimpse from afar of Swedish startup Candela’s vessel and you’d be forgiven for thinking you were watching a flying boat. After reaching 16 knots — just above 18 mph — the company's electric boats lift about half a metre from the surface.

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Picture of Gustav Hasselskog, CEO and founder of electric boat manufacturer Candela
Gustav Hasselskog, CEO of Candela
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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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