Candela Closes $40M Funding Round to Meet Demand For Electric Foiling Ferries

Globally, waterborne transport accounts for 3% of greenhouse gas emissions—a challenge Candela aims to tackle with its revolutionary electric hydrofoil technology. This innovation enables operators to switch to sustainable electric vessels, providing shorter travel times, more frequent departures, enhanced comfort, and significantly reduced operational costs compared to traditional ships. The new $14 million (€13 million) […]