Candela’s mission is to transform the economics and environmental impact of waterborne transport by replacing fossil fuel vessels with high-performance, electric hydrofoiling boats. The company targets both commercial and private sectors, delivering products like the C-7 leisure boat and the P-12 electric ferry designed to meet the operational demands of urban transit agencies, ferry operators, and premium leisure customers.Core technology—patented hydrofoils that lift the hull above the water—reduces drag and energy use by up to 80% compared to conventional boats. This enables longer range and faster charging cycles, unlocking cost efficiencies for fleet operators through lower fuel, maintenance, and lifecycle expenses. Candela’s direct-drive electric motors eliminate common mechanical failures, further minimizing downtime.