Candela secures €30m to expand electric ferry manufacturing
IFC joins existing investors as Candela prepares a second factory for its hydrofoil vessels.
Candela secured €30 million in financing first reported on March 2, 2026 and confirmed by the company on March 18. International Finance Corporation contributed €8 million alongside existing shareholders EQT Ventures, SEB Private Equity, KanDela AB and Ocean Zero LLC.
The funding will support a second manufacturing facility in Poland to increase production of Candela’s P-12 electric ferries. The Swedish company is moving toward repeatable production as orders and international deployments grow.
Candela’s computer-controlled hydrofoils lift the hull above the water to reduce drag. That lower energy requirement helps electric ferries cover useful passenger routes while reducing running costs for transport operators.
Use of funds
Expand electric hydrofoil ferry production with a second factory in Poland