Candela
Candela is an Electric Marine company founded in 2014 and based in Stockholm, Sweden.
Candela develops and manufactures electric hydrofoiling boats and ships that use computer-controlled foils to lift the hull above the surface, cutting energy use by roughly 80% at speed versus conventional vessels. Founded in 2014 by engineer Gustav Hasselskog and headquartered in Stockholm, Sweden, the company has built a lineup spanning leisure craft and public transport. Its C-8 is a hydrofoiling electric day boat, while the P-12 hydrofoil ferry entered service in Stockholm's public transit system. Candela closed a €30 million growth round in March 2026, taking reported capital raised to €129 million, and appointed Sofia Graflund CEO in June 2026 as Hasselskog became executive chairman.
Candela's P-12 is among the first electric hydrofoil ferries in regular public-transit service, proving foiling can make electric marine transport fast, efficient, and commercially viable.
At a glance
Total raised
Undisclosed
Headcount
201-500
Headquarters
Stockholm
SwedenFounded
2014
Status
Private
Subsector
Where Candela ranks
Top 25 Mobility companies →Funding history
Total raised
—
Rounds tracked
3
Latest stage
Growth (€30M)
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Mar 19, 2026 | Growth (EUR 30M) | $32M | — | — |
| Nov 21, 2024 | Series C extension | $14M | — | SEB Private Equity |
