Candela Secures Order for 20 Hydrofoiling Electric Ferries from Boreal
Swedish maritime technology firm Candela has received a significant order for 20 P-12 hydrofoiling electric ferries from Norwegian public transport operator Boreal. The vessels, designed to carry 25 passengers each, utilize advanced hydrofoil technology to lift the hull out of the water, reducing energy consumption by up to 80% compared to conventional ships. These boats can travel approximately 40 nautical miles at 25 knots and are compatible with existing car-charging infrastructure, such as Tesla Superchargers. Deliveries are scheduled to begin in 2027, with the full fleet arriving by 2030. This order adds to Candela's growing backlog of over 65 vessels globally. To support this expansion, the company is establishing new manufacturing facilities in Poland and the U.S. East Coast following a recent €30 million fundraising round. Additionally, founder Gustav Hasselskog will transition from CEO to chairman, handing leadership to Sofia Graflund as the company prepares for a potential IPO within two to three years.
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Candela Secures Order for 20 Hydrofoiling Electric Ferries from Boreal
Swedish maritime technology firm Candela has received a significant order for 20 P-12 hydrofoiling electric ferries from Norwegian public transport operator Boreal. The vessels, designed to carry 25 passengers each, utilize advanced hydrofoil technology to lift the hull out of the water, reducing energy consumption by up to 80% compared to conventional ships. These boats can travel approximately 40 nautical miles at 25 knots and are compatible with existing car-charging infrastructure, such as Tesla Superchargers. Deliveries are scheduled to begin in 2027, with the full fleet arriving by 2030. This order adds to Candela's growing backlog of over 65 vessels globally. To support this expansion, the company is establishing new manufacturing facilities in Poland and the U.S. East Coast following a recent €30 million fundraising round. Additionally, founder Gustav Hasselskog will transition from CEO to chairman, handing leadership to Sofia Graflund as the company prepares for a potential IPO within two to three years.
WSJ.com: US Business