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Candela Secures $40M Funding Round with SEB Private Equity Leading the Investment

Dec 03, 2024•over 1 year ago

Contract Type

partnership

Norway

Description

Candela has closed a $40 million funding round, led by SEB Private Equity, to meet the demand for electric foiling ferries. This investment reflects confidence in Candela's technology to address the decarbonization of transport and its unique ability to bring cutting-edge innovation to serial production.

Company Information

Company

Candela

Location

Norway

About

The company raised SEK 210 million (around $20 million). The company says this has a huge benefit for the operators, in the form of cost-efficiency. The company is taking a big bet that bigger isn’t always better, in the hope that smaller can mean faster, greener and more serviceable.

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