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Candela’s electric ferries multiply as the startup lines up $25M in new funding

Electric boat maker Candela is approaching cruising speed with $25 million in new funding and the first commercial deployment of its new P-12 ferry, in

Just last week, the P-12 was given its first assignment: ferry people around New Zealand’s Lake Manapōuri, a scenic destination but also, more importantly, the site of the country’s largest hydroelectric power station. CEO Bruno Thivoyon expressed in the press release that investing in Candela makes sense as part of the company’s “ecological transition objectives, scaling up innovative solutions for more sustainable boating.” Candela isn’t the only one pursuing this market, either; Navier is also attempting to woo coastal communities with the draw of quiet, energy-efficient transit and is currently shuttling Stripe employees around the Bay Area.

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