# Candela: Maritime, Stockholm, Sweden

> Candela: Candela is a Swedish technology company founded in 2014 by Gustav Hasselskog. Based in Stockholm, Sweden. Founded 2014.

Source: https://millionrounds.com/startup/candela-2 (Millionrounds; every figure on the page links to its filing or article)

Sweden · [Maritime startup](https://millionrounds.com/companies)

# Candela

Candela is a Swedish technology company founded in 2014 by Gustav Hasselskog.

Funding reported Last round: Undisclosed round

Maritime Stockholm, Sweden

Company summary

- **Founded:** 2014 12 years old
- **Team:** 360 201 to 1,000 people
- **Funding reported:** 74.1M as listed, currency not stated
- **Last round:** Undisclosed round Mar 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Candela has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Candela

Candela is a Swedish technology company founded in 2014 by Gustav Hasselskog.

The company designs and builds electric hydrofoil boats and ferries, focusing on eliminating fossil fuels from water transport. Candela combines advanced hydrofoil technology with Scandinavian design to create vessels that are faster, more efficient, and zero-emission. The company offers two main categories of vessels: professional and leisure. The leisure segment includes the Candela C-7, an electric hydrofoil sports craft, and the Candela C-8, a production daycruiser designed for comfort and performance. In the professional category, the Candela P-12 is the world's first long-range electric hydrofoil ferry, while the Candela P-8 Voyager serves as a sustainable alternative to traditional water taxis. Candela also provides customer support and ongoing improvements based on usage data, ensuring efficient operation of their vessels. The company operates from Stockholm and is actively involved in transforming urban waterways for sustainable transport solutions.

## What company datasets say Candela raised

Funding, as reported

Reported in all **74.1M** in the source's currency

Rounds **3**

Last round **Undisclosed round**

Last round size **33M**

Last round date **Mar 2024**

Investors listed **6**

## On a portfolio page

Investors who name them

- [Draper Associates](https://millionrounds.com/fund/draper-associates)

Each firm lists Candela on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

marine environmental impact maritime innovation clean energy & technology foiling system electric ferries boating industry environmentally friendly distribution manufacturing low maintenance shoreline preservation long-range electric boat efficiency battery technology wave management charging infrastructure

Built with from their website

Yoast SEO Docker Google Tag Manager ADP Applicant Tracking System Amazon Elastic Container Registry Less WordPress.org HREF Lang Atlassian Posit

+8 more

Font Awesome Apache Elementor C++ YouTube Cloudflare DNS CloudFlare Max Mega Menu

- **Sector:** Maritime
- **Industry code:** NAICS 336611, SIC 3731
- **Region:** Stockholm County
- **Revenue:** 7.4M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/candela-d7e4d5af15)

## Maritime in Sweden

Startups like it

- [**Echandia** Stockholm · founded 2018](https://millionrounds.com/startup/echandia-2)
- [**Qtagg** Västerås · founded 1997](https://millionrounds.com/startup/qtagg)
- [**Zparq AB** Stockholm · founded 2020](https://millionrounds.com/startup/zparq-ab)
- [**Bowter** Arvika · founded 2020](https://millionrounds.com/startup/bowter)
- [**Agapi Boat Club** Stockholm · founded 2006](https://millionrounds.com/startup/agapi-boat-club)
- [**Dolprop Industries AB** Spanga · founded 2009](https://millionrounds.com/startup/dolprop-industries-ab)
- [**TBS Group AB** Karlskrona · founded 2011](https://millionrounds.com/startup/tbs-group-ab)

## Is this your company?

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