- Swedish tech company Candela has successfully raised €30 million in financing to advance its electric flying ferry technology. This substantial funding round, which includes backing from the World Bank, will allow Candela to transition from small-scale production to a larger rollout of its innovative hydrofoil vessels. The company aims to implement its technology in urban areas worldwide, enhancing water transportation efficiency.
- Candela’s electric ferries utilize cutting-edge hydrofoil technology, which allows the vessels to lift above the water’s surface, significantly reducing drag and increasing energy efficiency. This advancement not only supports the company’s mission to provide a greener alternative to traditional ferry services but also aligns with global efforts to reduce carbon emissions in maritime transport.
- The funding will facilitate the expansion of production capabilities, enabling Candela to meet the growing demand for sustainable transportation solutions. With this investment, the company is poised to establish a strong presence in key international markets, promoting the adoption of its electric flying ferries as a viable mode of urban transportation.
Source: Swedish Tech News
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