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Candela Secures €30 Million for Global Expansion Plans

3/19/2026

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Summary

Story summary

Candela, the Swedish electric hydrofoiling boat maker, raised €30 million, bringing total funding to €129 million with support from investors including the International Finance Corporation (IFC).
The funds will support expansion, including a Poland facility to build the P-12 electric hydrofoil ferry, which operates above water in Stockholm and is planned for Mumbai.
Candela and Canopy Power will install solar-powered charging stations for its vessels in the Asia-Pacific region.

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Story summary

Candela, the Swedish electric hydrofoiling boat maker, raised €30 million, bringing total funding to €129 million with support from investors including the International Finance Corporation (IFC).
The funds will support expansion, including a Poland facility to build the P-12 electric hydrofoil ferry, which operates above water in Stockholm and is planned for Mumbai.
Candela and Canopy Power will install solar-powered charging stations for its vessels in the Asia-Pacific region.