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 $148.12 million across 7 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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- 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.
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 $148.12M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $32 million completed in March 2026. 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.
Investors in Candela
Candela has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SEB, Stantec and Groupe Beneteau.
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EQT is recognized as a global investment organization focused on value creation.
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Investor details for Candela
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Investments & Acquisitions by Candela
Investment portfolio details for Candela
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Financial Statements - Candela
Detailed financials for Candela
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Candela Comparisons
Peer comparison for Candela
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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.
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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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Manufacturer of electric hydrofoil boats
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All-electric personal hydrofoiling watercraft are developed for recreational use.
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Electric hydrofoils are manufactured and custom-designed for maritime transport.
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Detailed competitors of Candela
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Latest news on Candela
Complete news archive for Candela
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Frequently Asked Questions about Candela
Candela was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Candela is headquartered in Stockholm, Sweden.
Gustav Hasselskog is the current CEO of Candela. They have also founded this company.
Candela is a funded company, having raised a total of $148.12M across 7 funding rounds to date.
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.
Candela's top competitors include Artemis Technologies, Navier and SeaBubbles.
Candela offers Candela P-12, Candela C-8, and Candela C-7.
Candela has 9 investors. Key investors include SEB, Stantec, Groupe Beneteau, EQT Ventures, and Joel Eklund.