Close Menu
TechBrunchTechBrunch
  • Home
  • AI
  • Apps
  • Crypto
  • Security
  • Startups
  • TechCrunch
  • Venture

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

iOS 19: All the rumor changes that Apple could bring to the new operating system

June 8, 2025

Meta reportedly invests billions of dollars in scale AI

June 8, 2025

WWDC 2025: What to expect from this year's meeting

June 8, 2025
Facebook X (Twitter) Instagram
TechBrunchTechBrunch
  • Home
  • AI

    OpenAI seeks to extend human lifespans with the help of longevity startups

    January 17, 2025

    Farewell to the $200 million woolly mammoth and TikTok

    January 17, 2025

    Nord Security founder launches Nexos.ai to help enterprises move AI projects from pilot to production

    January 17, 2025

    Data proves it remains difficult for startups to raise capital, even though VCs invested $75 billion in the fourth quarter

    January 16, 2025

    Apple suspends AI notification summaries for news after generating false alerts

    January 16, 2025
  • Apps

    iOS 19: All the rumor changes that Apple could bring to the new operating system

    June 8, 2025

    WWDC 2025: What to expect from this year's meeting

    June 8, 2025

    How to watch Apple's WWDC 2025 Keynote

    June 8, 2025

    In WWDC 25, AI must compensate with developers after AI shortage and lawsuits

    June 8, 2025

    iOS 19: All the rumor changes that Apple could bring to the new operating system

    June 7, 2025
  • Crypto

    xNotify Polymarket as partner in the official forecast market

    June 6, 2025

    Circle IPOs are giving hope to more startups waiting to be published to more startups

    June 5, 2025

    GameStop bought $500 million in Bitcoin

    May 28, 2025

    Vote for the session you want to watch in 2025

    May 26, 2025

    Save $900 + 90% from 2 tickets to destroy 2025 in the last 24 hours

    May 25, 2025
  • Security

    The Trump administration is aiming for Biden and Obama's cybersecurity rules

    June 7, 2025

    After data is wiped out, Kiranapro co-founders cannot rule out external hacks

    June 7, 2025

    Humanity appoints national security experts to governing trusts

    June 6, 2025

    Italian lawmakers say Italy used spyware to target immigrant activists' mobile phones, but not for journalists

    June 6, 2025

    Humanity unveils custom AI models for US national security customers

    June 5, 2025
  • Startups

    7 days left: Founders and VCs save over $300 on all stage passes

    March 24, 2025

    AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

    March 24, 2025

    20 Hottest Open Source Startups of 2024

    March 22, 2025

    Andrill may build a weapons factory in the UK

    March 21, 2025

    Startup Weekly: Wiz bets paid off at M&A Rich Week

    March 21, 2025
  • TechCrunch

    OpenSea takes a long-term view with a focus on UX despite NFT sales remaining low

    February 8, 2024

    AI will save software companies' growth dreams

    February 8, 2024

    B2B and B2C are not about who buys, but how you sell

    February 5, 2024

    It's time for venture capital to break away from fast fashion

    February 3, 2024

    a16z's Chris Dixon believes it's time to focus on blockchain use cases rather than speculation

    February 2, 2024
  • Venture

    Meta reportedly invests billions of dollars in scale AI

    June 8, 2025

    Why investing in a growing AI startup is risky and more complicated

    June 6, 2025

    Startup Battlefield 200: Only 3 days left

    June 6, 2025

    Book all TC Stage Exhibitor Tables before ending today

    June 6, 2025

    Less than 48 hours left until display at TC at all stages

    June 5, 2025
TechBrunchTechBrunch

Candela electric ferry gets boost as startup raises $25 million in new funding

TechBrunchBy TechBrunchMarch 20, 20243 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Telegram Email


Electric boat maker Candela is nearing cruising speed with $25 million in new funding and the first commercial deployment of its new P-12 ferry in New Zealand. The company has global ambitions for high-efficiency boats and has completed and delivered dozens of boats to date. This is very common in this industry.

Candela has been gradually increasing the size of its containers over the years, starting with the much smaller C-7 and C-8 (note the lengths are in metres), and as of this week has totaled 70 pieces. It has produced. The P-12 is a ferry designed to carry up to 30 passengers and debuted late last year.

Just last week, the P-12 was given its first mission. The idea was to take a ferry around New Zealand's Lake Manapouri, a scenic destination and, more importantly, the site of the country's largest hydroelectric power plant. Now, staff at the station can travel to work by clean-running boat instead of by car, which the company estimates will reduce emissions by around 240 tonnes a year. It's a start, but it also helps keep the lake clean and quiet.

International interest in these boats is evidenced by Groupe Beneteau, a 100-year-old boat company that manufactures thousands of vessels a year, participating in the funding round. CEO Bruno Tivoillon said in a press release that the investment in Candela makes sense as part of the company's “ecological transition goal of expanding innovative solutions for more sustainable boating operations.” He said that

Many traditional boat companies are adopting electric engines and next-generation technology. I spoke to Dave Foulkes of Brunswick, another major manufacturer, about this at CES. He said the partnership is fruitful because growing small businesses need revenue and reach, while large enterprises need technology that can be deployed quickly. Like any industry, you need to know when to buy and when to build, and the big boat companies are willing to buy or invest.

Candela's boat uses a hydrofoil with an electric engine attached to the bottom, which effectively flies above the water above a certain speed, significantly reducing energy consumption. This makes sense historically, but it's also a sticking point for electric boats. This approach requires a strong autopilot to keep it balanced, and I wonder how they will handle log collisions despite their assurances, but overall The advantages seem to outweigh the disadvantages.

I drove this ferry in Seattle over the summer (watching carefully for logs, which is rather common in Elliott Bay), and it replaced the gas-guzzling high-speed passenger ferry with a P-12. I thought you would like it. Candela is not alone in pursuing this market. Navier is also seeking to attract people from coastal communities with quiet, energy-efficient transportation, currently shuttling Stripe employees within the Bay Area. Although Zin Boats has been quiet for a while, they are also securing a market for the next version of their vessels.

The $25 million round was led by Beneteau as mentioned above, with participation from EQT Ventures, Ocean Zero LLC, and Kan Dela.
AB.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025

Startup Weekly: Wiz bets paid off at M&A Rich Week

March 21, 2025

Wayve CEO shares his key elements for scaling autonomous driving technology

March 21, 2025

Leave A Reply Cancel Reply

Top Reviews
Editors Picks

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025
About Us
About Us

Welcome to Tech Brunch, your go-to destination for cutting-edge insights, news, and analysis in the fields of Artificial Intelligence (AI), Cryptocurrency, Technology, and Startups. At Tech Brunch, we are passionate about exploring the latest trends, innovations, and developments shaping the future of these dynamic industries.

Our Picks

iOS 19: All the rumor changes that Apple could bring to the new operating system

June 8, 2025

Meta reportedly invests billions of dollars in scale AI

June 8, 2025

WWDC 2025: What to expect from this year's meeting

June 8, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 TechBrunch. Designed by TechBrunch.
  • Home
  • About Tech Brunch
  • Advertise with Tech Brunch
  • Contact us
  • DMCA Notice
  • Privacy Policy
  • Terms of Use

Type above and press Enter to search. Press Esc to cancel.