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Candela raised $40M in a funding round led by SEB Private Equity to meet demand for zero-emission electric ferries.

PRIVATENov 21, 2024•over 1 year ago

Amount Raised

$40 Million

Round Type

series c

Norway

Investors

Kan Dela AbEqt VenturesSeb Private Equity

Description

Candela has secured over $40 million in funding in 2024, with an additional $14M raised in its Series C round. This funding will support the growing demand for its innovative zero-emission vessels and help decarbonize waterborne transport.

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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