Candela brings electric flying ferry to US shores after $40M raise

Quick Summary:

Candela is flying high — and across the Atlantic.  The Swedish startup has secured $14mn, marking the close of its Series C round at a cosy $40mn.

This puts its total funding at just shy of $90mn.  Candela has also sold its first P-12 ferry in the US, amid burgeoning demand for what is the world’s fastest and longest-range electric passenger vessel.  FlyTahoe, the company that will operate the service, will use the P-12 to shuttle tourists and locals across Lake Tahoe.

This massive freshwater lake straddles the border of California and Nevada and is best known for its clear blue waters and nearby world-class ski resorts.

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Article Details

Author / Journalist: Siôn Geschwindt

Category: Technology

Markets: NetherlandsNew ZealandSaudi ArabiaSouth Africa

Topics: Next Featured Startups and technology Sustainability Investors and funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 15:00:30 (19 hours ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 679 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 23739513

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