Swedish electric car OEM Polestar (Nasdaq: PSNY) has signed a multiyear agreement to supply battery and charging systems to Candela, a Swedish maker of electric hydrofoil boats. The agreement to supply battery technology to a third party is a first for Polestar.
Candela says its electric boats “fly” above the surface, using computer-guided hydrofoils that lift the hull above water, and consume up to 80% less energy at high speeds compared to traditional motorboats, while delivering a smoother cruising experience and more passenger comfort.
Candela introduced its first production model, the C-7, which offered a range of 50 nautical miles at 20 knots, in 2019. In 2021, the company launched the C-8, which has space for eight passengers, a range of 50 nautical miles at 22 knots, and a top speed of 30 knots. It is powered by the Candela CPOD, an electric pod motor developed in-house. In 2022, Candela plans to launch the Candela P-8 Voyager taxi boat and the P-12 electric ferry.
“I am fascinated by the way Candela’s boats glide elegantly and efficiently through, or better, over the water—amazing proof of the great aesthetics and experiences modern, sustainable technology can create,” said Polestar CEO Thomas Ingenlath. “As a battery supplier to Candela, we can help drive the transition to cleaner oceans and lakes, and electrify waterborne transport.”
“Polestar is a dream partner for us,” said Candela CEO Gustav Hasselskog. “While electrification of cars has come a long way in the last few years, the marine sector has fallen behind. Marrying our efficient hydrofoil technology to high-capacity batteries from Polestar means we can speed up the mass-market adoption of electric boats together.”