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Candela brings its P-12 electric ferry to Tahoe and adds another $14M to build more
Electric passenger boat startup Candela has topped off its most recent raise with another $14 million, the company announced Thursday, and has sold the
Electric passenger boat startup Candela has topped off its most recent raise with another $14 million, the company announced Thursday, and has sold the first of its ferries in the U.S. — bound for Lake Tahoe. Earlier this year, the Swedish company raised $25 million in a series C round intended to, among other things, bankroll the deployment of its P-12 (i.e. 12 meters, ~30 passengers) ferry to its first customers. The series C extension round (which technically brings it up to $40 million) was led by by SEB Private Equity, with participation by existing investors EQT Ventures and KanDela AB.
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