Candela defies tough market to raise €30m – and adds new investor
18 mars 2026
13:22
Swedish electric hydrofoiling boat maker Candela has secured €30m in new funding, with the World Bank's private sector arm IFC among the investors.
The capital will be used to build a new factory in Poland for series production of the company's electric hydrofoil ferries.
The capital will be used to build a new factory in Poland for series production of the company's electric hydrofoil ferries.
Despite venture capital for European climate tech at a year-long low, electric boat maker Candela has managed to pull in its largest funding round to date – and a new investor.
IFC, the World Bank's private sector arm, has invested €8m in the Stockholm-based startup, joining existing backers EQT Ventures and SEB Private Equity for a total of €30m.