About Candela
Candela is a company based in Stockholm (Sweden) founded in 2014 by Gustav Hasselskog was acquired by Stantec in February 2015. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). Candela has raised $116.12 million across 6 funding rounds from investors including SEB, Stantec and Groupe Beneteau. Candela offers products and services including Candela P-12, Candela C-8, and Candela C-7. Candela operates in a competitive market with competitors including Navier, Artemis Technologies, SeaBubbles, Quadrofoil and Foilchemy, among others.
- Headquarter Stockholm, Sweden
- Founders Gustav Hasselskog
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Candela Technology Ab
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Products & Services of Candela
Candela offers a comprehensive portfolio of products and services, including Candela P-12, Candela C-8, and Candela C-7. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electric hydrofoiling ferries are designed for urban commuting.
Electric leisure boats are built for superior experiences.
Innovative electric boats are crafted for unique performance.
Funding Insights of Candela
Candela has successfully raised a total of $116.12M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $8.08 million completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $8.1M
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First Round
First Round
(08 Dec 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2025 | Amount | Series C - Candela | Valuation |
investors |
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| Nov, 2024 | Amount | Series C - Candela | Valuation | SEB | |
| Mar, 2024 | Amount | Series C - Candela | Valuation | Groupe Beneteau |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Candela
Candela has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SEB, Stantec and Groupe Beneteau. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and innovation sectors.
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EQT is recognized as a global investment organization focused on value creation.
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SEB is recognized as a leading Nordic corporate bank.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Candela
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Candela
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Candela Comparisons
Competitors of Candela
Candela operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Navier, Artemis Technologies, SeaBubbles, Quadrofoil and Foilchemy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Navier is focused on developing sustainable electric hydrofoiling vessels.
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A company focused on clean maritime transport technologies.
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| domain | founded_year | HQ Location |
Manufacturer of electric hydrofoil boats
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| domain | founded_year | HQ Location |
All-electric personal hydrofoiling watercraft are developed for recreational use.
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| domain | founded_year | HQ Location |
Electric hydrofoils are manufactured and custom-designed for maritime transport.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Candela
Frequently Asked Questions about Candela
When was Candela founded?
Candela was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Where is Candela located?
Candela is headquartered in Stockholm, Sweden.
Who is the current CEO of Candela?
Gustav Hasselskog is the current CEO of Candela. They have also founded this company.
Is Candela a funded company?
Candela is a funded company, having raised a total of $116.12M across 6 funding rounds to date. The company's 1st funding round was a Series C of $26.67M, raised on Dec 08, 2021.
What does Candela do?
Candela is engaged in the development and production of hydrofoiling electric boats and ferries, aimed at revolutionizing sustainable water travel. The company operates in the maritime transport sector, offering zero-emission vessels for urban commuting and leisure. Innovative hydrofoil technology is utilized to reduce energy consumption by 80, ensuring silent, fast, and efficient travel. Solutions are provided for public transport, shuttle services, and private clients, with operations spanning cities like Stockholm, Gothenburg, Mumbai, and beyond. Environmental benefits and cost reductions for operators are prioritized, contributing to fossil fuel-free transport systems.
Who are the top competitors of Candela?
Candela's top competitors include Artemis Technologies, Navier and SeaBubbles.
What products or services does Candela offer?
Candela offers Candela P-12, Candela C-8, and Candela C-7.
Who are Candela's investors?
Candela has 8 investors. Key investors include SEB, Stantec, Groupe Beneteau, EQT Ventures, and Joel Eklund.
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