Candela raised $40M in a funding round led by SEB Private Equity to meet demand for zero-emission electric ferries.
Candela raised $40M in a funding round led by SEB Private Equity to meet demand for zero-emission electric ferries.
11/21/24, 3:40 PM
Location
norwayMoney raised
$40 million
Round Type
series c
Investors
Kan Dela Ab, Eqt Ventures, Seb Private Equity
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 Info
Location
norway
Additional Info
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.