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Sweden’s Tesla of the Sea Challenges Fossil-Fueled Speedboats

  • Candela’s hydrofoil boats solve marine electrification hurdle
  • Latest 28-foot model is designed for mass production
The Candela C-8 hydrofoil speedboat.
The Candela C-8 hydrofoil speedboat.

Sweden’s Candela Speed Boat AB is challenging the conventional combustion-engine leisure-craft industry with a new battery-powered speedboat, betting that flight can solve the main hurdle to marine electrification.

The C-8 unveiled Thursday succeeds the C-7, a hydrofoil craft that’s been delivered to around 30 customers worldwide. The new 8.5-meter (28-foot) boat with berths for two adults and two children is designed for volume production, and Candela is raising funds for a factory to make about 400 units a year initially. Gustav Hasselskog, the startup’s founder and chief executive officer, says it could sell more than a 1,000 a year and drive consolidation in the fragmented leisure-boat market.