POLESTAR AND CANDELA JOIN FORCES

The battery deal will enable Candela to scale up production swiftly, bringing mass-market electric boats one step closer to reality.

In a watershed moment for electrification at sea, the two Swedish companies Polestar and Candela have ventured into an agreement where Polestar will supply the battery and charging systems for Candela’s revolutionary hydrofoiling speedboats.

The deal lets Candela tap into state-of-the-art automotive battery technology and scale up the production of its best-selling electric boats.

– To make electric boats mainstream, we need to build thousands of boats every year. Working together with Polestar, we’re able to bring the scale of production and world-class engineering from the automotive industry to the marine sector, says Gustav Hasselskog, Candela CEO and founder.

By combining Polestar’s batteries with Candela’s pioneering electric hydrofoil technology, both companies aim to propel the growth of sustainable electric mobility in society.

Candela’s hydrofoil craft are the fastest and longest-range electric boat on the market. Flying above the water’s surface at 30 knots, the Candela C-8 and P-8 Voyager use up to 80% less energy than conventional boats of the same size, thanks to much-reduced water friction. The computer-actuated foils also give them “superpowers”, such as superior seakeeping, zero wakes, and a silent ride.

After launching the high-volume sales Candela C-8 leisure boat during the fall 2021 and shortly after raising €24 million from EQT Ventures, the Swedish boat maker is now moving into a new production plant where the P-series commercial vessels and C-series leisure boats will be produced.

The battery supply agreement is just the beginning of a broader intended partnership between Polestar and Candela, with both companies committed to exploring further opportunities for future collaboration.