About Candela

Candela is a Swedish technology company founded in 2014 with the goal of revolutionizing waterborne transport through electrification and advanced hydrofoil technology. By combining electric propulsion systems with computer-controlled hydrofoils, Candela has created vessels that "fly" over the water, reducing energy consumption by up to 80% compared to traditional vessels. The company is headquartered in Stockholm and operates globally, with a strong presence in both the leisure and commercial segments.

Candela's technology and offerings

Electric hydrofoils for recreational use: Candela has developed several models of electric hydrofoils, including the C-7 and the newer C-8, which offer high performance, long range and a quiet, smooth ride. These boats have become popular with environmentally conscious boaters seeking a combination of innovation and sustainability.

Candela P-12 Shuttle: The company's most groundbreaking product is the P-12 Shuttle, the world's first electric hydrofoil ferry. With a service speed of 25 knots and the ability to halve commute times, the P-12 has the potential to replace traditional diesel-powered ferries in urban traffic, reducing emissions and improving the passenger experience. The P-12 has already been introduced in Stockholm's public transportation system and is planned to be used in other cities globally.

Market and business model

Candela operates a B2B and B2C model, offering its electric vessels both to private individuals and to commercial operators in public transport and tourism. By offering vessels with lower operating costs and minimal maintenance compared to traditional boats, Candela attracts customers who want to combine economy with sustainability.

Financial developments

2021: turnover increased to about 22 600 TSEK

2022: turnover increased to approximately 22 700 TSEK

2023: turnover increased to about 83 600 kSEK 

Candela shows negative results for the years 2021, 2022 and 2023. However, the company increased its turnover significantly between 2021 and 2022. In 2024, Candela secured over $40 million in funding to meet the increasing demand for its zero-emission vessels. The latest investment round of $14 million was led by SEB Private Equity, with participation from existing investors such as EQT Ventures and KanDela AB.

Sustainability and the future

Candela aims to drastically reduce CO2 emissions from waterborne transportation through its innovative electric hydrofoil vessels. By offering solutions that combine high performance with energy efficiency, the company contributes to a greener future for shipping. With a growing order book and plans for international expansion, Candela is well positioned to lead the transition to sustainable waterborne transportation.

How to buy shares in Candela Technology

1. Create an account on Eqvor.com
2. Click on the buy button at Candela in the OTC list.
3. Choose how many shares you want to buy and at what price.
4. Wait for the order to be matched.
5. Pay up and be entered in the share register - Done!

In addition to Candela, we have also helped investors buy and sell shares in other exciting unlisted companies in sectors such as 

Hbiotechnology and bioengineering, there are A3P Biomedical, BioCrine, Doktor.se, MEDS Pharmacy, Sigrid Therapeutics and Mindler. Under financial services there are Klarna, Mynt, Yabie and Billogram.

Within technology and innovation: Dirac Research, Exeger, Cascade Drives, Sana Labs, Quartr and Virtune. I the consumer and lifestyle segment: CDLP, Estrid and Marshall.

Under transport and vehicle technology there are Einride, Voi, XShore, Koenigsegg. Within energy and sustainability: Blykalla and Svea Solar.

In addition: Epidemic Sound (media), Kaunis Iron (industry),  GreenGold Group (forestry), and investment companies Röko, byWiT and Nicoya.

We can also help to implement deals in other unlisted companies - even if they are not listed on the platform. Contact us if you are looking for a specific case.