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Electric rider boat startup Candela has topped off its most late raise with another $ 14 million , the company announce Thursday , and has sell the first of its ferries in the U.S. — bound for Lake Tahoe .
Candelamakes a serial of all - electric hydrofoiling vessel , meaning the body of the boat rises above the surface of the water on Little Phoebe as it gets up to stop number . This looks a small precarious but is actually quite stable ( I ’ve piloted one myself ) and aid reduce water resistance , bring up range and smoothen out the ride .
Earlier this year , the Swedish companyraised $ 25 million in a Series C roundintended to , among other things , bankroll the deployment of its P-12 ( i.e. 12 meters , ~30 rider ) ferry to its first customers . The first P-12s were understandably put to work in Stockholm , but they have since made deals of vary instancy in New Zealand , Saudi Arabia , Berlin , and now , Tahoe .
This first U.S.-based gravy boat ( just the one for now ) will travel a Union - south itinerary to countenance citizenry living near and confab the picturesque lake to trip without driving . Tahoe ’s road can get clogged with traffic and Baron Snow of Leicester , calculate on the time of year , so more options for commuters and tourists will for certain be welcome . Candela sell the watercraft to be operated byFlyTahoe.com , in case you need to reserve a trip .
Although the company has only built and actively deployed a handful of boats , it is now build up at plate : Candela latterly celebrate the 100th vas built ( this includes the smaller C-7 and C-8 speedboats ) . The novel funding will go toward scaling up production for the P-12 in Stockholm .
Other electric gravy holder companies , like Zin and Navier , are also making motion — Zin is take the top - down approachexemplified by Tesla , focalise on in high spirits - end secret vessels first and bringing the damage down , while Navier is close to Candela ingoing after lowly - scale rider markets like the Bay Area .
The Series C prolongation round ( which technically brings it up to $ 40 million ) was lead by SEB Private Equity , with participation by existing investor EQT Ventures and KanDela AB .
