{"id":7610,"date":"2026-03-19T02:03:29","date_gmt":"2026-03-19T02:03:29","guid":{"rendered":"https:\/\/www.top25golfcourses.com\/indonesia\/global-travel-news\/flying-electric-vessel-maker-candela-raises-e30m-amid-soaring-oil-prices\/"},"modified":"2026-03-19T02:03:29","modified_gmt":"2026-03-19T02:03:29","slug":"flying-electric-vessel-maker-candela-raises-e30m-amid-soaring-oil-prices","status":"publish","type":"post","link":"https:\/\/www.top25golfcourses.com\/indonesia\/global-travel-news\/flying-electric-vessel-maker-candela-raises-e30m-amid-soaring-oil-prices\/","title":{"rendered":"Flying Electric Vessel Maker Candela Raises \u20ac30M Amid Soaring Oil Prices"},"content":{"rendered":"
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\"Flying<\/a>Stockholm, Sweden, March 19, 2026 \/ TRAVELINDEX \/ Candela\u2019s largest funding round to date, with the World Bank\u2019s IFC arm joining existing investors, will finance a second manufacturing facility to scale production of its groundbreaking hydrofoiling P-12 ferries and meet growing global demand.<\/p>\n

The round brings Candela\u2019s total capital raised to \u20ac129 million since its inception, making it the best-funded electric vessel manufacturer globally. It was backed by all existing shareholders\u2014EQT Ventures, SEB Private Equity, KanDela AB, and Ocean Zero LLC\u2014alongside new investor the International Finance Corporation (IFC), the private-sector arm of the World Bank Group, which contributed \u20ac8 million.<\/p>\n

The raise defies a broader downturn in climate-tech investment and follows the recent, successful real-world deployment of the P-12 in public transport across Stockholm, Gothenburg, Oslo, and Trondheim, where the vessel demonstrated strong technical performance, significantly reduced operating costs, and dramatically shorter travel times compared to traditional diesel ferries.<\/p>\n

A new category of vessel<\/strong>
\nNamed one of TIME magazine\u2019s most important inventions of 2025, the P-12 is the world\u2019s first electric hydrofoil ferry in scheduled commuter service. At its core is Candela\u2019s proprietary computer-controlled hydrofoil system and C-POD motors, which lift the vessel above the water and cut energy consumption by up to 80 percent versus conventional ships\u2014while producing zero wake.<\/p>\n

\u201cFrom a physics perspective, ships have been essentially the same for hundreds of years,\u201d says Gustav Hasselskog, founder and CEO. \u201cWe\u2019re redefining waterborne transport by effectively creating a new category of vessel. This allows cities and municipalities to finally take full advantage of waterways\u2014while escaping the fossil-fuel cost trap that has long prevented them from being used efficiently.\u201d<\/p>\n

The Candela P-12 has proven successful in Stockholm\u2019s public transport, significantly reducing travel times and operating costs.<\/p>\n

Global expansion underway<\/strong>
\nWith serial production now up and running and first customer deliveries starting in this month, more than 65 vessels are currently on order. From 2026, deployments are slated for Mumbai\u2014where a fleet of ten P-12s will cut travel times from Navi Mumbai Airport to the city centre from around two hours to 35 minutes\u2014as well as the Maldives, Saudi Arabia\u2019s NEOM project, Thailand, and additional markets.<\/p>\n

Candela is applying scalable, platform-based serial production to advanced carbon-fiber vessels, breaking from the maritime industry\u2019s traditional reliance on one-off construction. The second factory\u2014to be located in Poland\u2014will make zero-emission transport more accessible to emerging markets around the world.<\/p>\n

\u201cBy moving away from small-series production\u2014which inevitably drives high costs\u2014we\u2019ve built a platform that serves multiple markets,\u201d says Hasselskog. \u201cThis allows us to deliver technologically advanced carbon-fiber vessels with industry-leading operating costs at a competitive price point, freeing operators from the cost trap of fossil-fuel ships.<\/p>\n

\u201cIn a market where climate tech funding is down around 50 percent since 2021, raising our largest round ever sends a clear signal: the transition is moving beyond subsidies and green premiums. Our vessels win on cost and performance, and that\u2019s why investors are backing Candela. I\u2019m truly grateful for that trust.\u201d<\/p>\n

Quote from IFC:<\/strong>
\n\u201cThis investment reflects IFC\u2019s commitment to advancing innovative transportation solutions in emerging markets,\u201d said Farid Fezoua, IFC Director for Equity, Funds and Venture Capital. \u201cBy supporting Candela\u2019s expansion, we aim to accelerate the adoption and early deployment of breakthrough maritime technology in Emerging Markets, mobilize private capital, create high-value jobs, and enable more efficient water-based mobility.\u201d<\/p>\n

Quote from SEB Private Equity:<\/strong>
\n\u201cWe are thrilled to further support Candela on this next phase of growth, with strong progress in both technology deployment and commercial growth. The company has demonstrated global demand, with sales across the Nordics, the U.S., and key Asian markets. We have strong conviction in Candela and look forward to supporting the next phase of its global expansion and their commitment to a more sustainable future,\u201d says Simone Hirschvogl, Investment Director at SEB Private Equity.<\/p>\n

Quote from EQT Ventures:<\/strong>
\n\u201cRising fuel costs are fundamentally changing the economics of waterborne transport,\u201d said Marnix van der Ploeg, Managing Director at EQT Ventures. \u201cCandela\u2019s hydrofoil technology dramatically lowers operating costs, making electric vessels commercially superior to traditional ferries. That\u2019s why we backed the company early and are proud to continue supporting the team as they scale production globally.\u201d<\/p>\n

About Candela<\/strong>
\nCandela\u2019s mission is to accelerate the transition to zero-emission waterborne transport. Candela is a Swedish technology company developing electric hydrofoiling vessels for passenger transport and leisure. Founded in 2014 by Gustav Hasselskog, the company builds boats that fly above the water on computer-controlled hydrofoils, reducing energy consumption by up to 80 percent compared to conventional ships, allowing for long range at high speed and significant cost reductions over other ships. Candela produces the C-8 leisure boat and the P-12 electric hydrofoil ferry, now operating in public transport. The company has around 240 employees, with manufacturing in Stockholm and offices in Bangkok.<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stockholm, Sweden, March 19, 2026 \/ TRAVELINDEX \/ Candela\u2019s largest funding round to date, with the World Bank\u2019s IFC arm joining existing investors, will finance a second manufacturing facility to scale production of its groundbreaking hydrofoiling P-12 ferries and meet growing global demand. The round brings Candela\u2019s total capital raised to \u20ac129 million since its …<\/p>\n","protected":false},"author":3,"featured_media":7611,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[105],"tags":[2592,116,110,118],"class_list":["post-7610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-travel-news","tag-global-golf-news","tag-global-travel-news","tag-news","tag-travelindex"],"_links":{"self":[{"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/posts\/7610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/comments?post=7610"}],"version-history":[{"count":0,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/posts\/7610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/media\/7611"}],"wp:attachment":[{"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/media?parent=7610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/categories?post=7610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/tags?post=7610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}