EQT Ventures led a $20m financing round in Candela.

EQT Ventures, a provider of support and capital to bold and ambitious founders, led a $20m financing round in Candela, a provider of sustainable electric hydrofoil vessels that deliver shorter travel times and more comfort than traditional ships. The capital will see the company shift into high gear and begin mass production of its 30-passenger electric ferry in the company’s Stockholm factory. Founded in 2014, Candela has gone on record raising approximately $45.5m since 2021.