EV Maker Polestar to Supply Batteries for Candela’s ‘Flying’ Electric Boats

Anurag Sharma
Anurag Sharma

Updated · Sep 29, 2022


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After the two Swedish companies agreed to sign a multi-year contract, Polestar, a luxury EV maker, will deliver battery and charging systems to Candela, an electric boat firm.

On the 23rd of August, Polestar stated that the deal with Candela showed signs of starting their partnership with a broader prospect. It further said that both firms are collectively committed and agreed on future collaborations in order to explore new opportunities coming their way.

Candela, which has workplaces in Sausalito and Stockholm County, California, said in its announcement that this settlement would permit the company to gain access to state-of-the-art automotive battery technology and to strengthen the production of its electric boats.

Candela, established in 2014, uses hydrofoils in its electric boat, which is a part of a kit. It is basically a foil that is used to lift the hull of the ship from the water’s surface when in operation. The firm represents its C-8 and P-8 Voyager with promising zero carbon emissions, while “flying” above water at 30 knots, or around 34.5 miles per hour.

Additionally, the electric boat company says that hydrofoil technology can ultimately result in reducing energy usage by up to 80%.

Candela said that the legal agreement with Polestar represented an initiative towards dealing with challenges regarding the electrification of boating. One of these challenges included the excessively highly-priced marine batteries that are presently used in electric boats.

The company further added that all electric boat manufacturers were, till now, dependent on smaller retailers of marine battery packs. Major factors that have hindered these electric boats from accomplishing an equivalence with ICE vessels are high unit costs and component scarcity.

Polestar’s founders, Zhejiang Geely Holding Group Co. Ltd., and Volvo are hoping that this hurdle can be overcome after partnering with Polestar and gaining access to its resources.

Gustav Hasselskog, the CEO at Candela, said that in order to make these electric boats mainstream, the firms need to focus on manufacturing thousands of boats every single year.

According to Hasselskog, working together with Polestar ended up bringing the scale of production and world-class engineering from the automotive industry to the marine industry.

Marine-based transport is not in any way different from other types of mobility because it has a significant environmental footprint. To address this issue, companies have been making several efforts.

For example, Brittany Ferries in June said that a ship is designed and all ready to carry passengers routed between the UK and France in the coming years, which will be known as the biggest hybrid vessel ever built.

The company mentioned in an announcement that the Saint-Malo vessel would come up with a battery capacity of 11.5-megawatt hours. This was roughly double in capacity than the one typically used for hybrid propulsion in marine vessels, it added.

A prime objective behind manufacturing these hybrid ships is that they will be able to operate on fossil fuel, liquefied natural gas or battery power, or a combination of all.

Anurag Sharma

Anurag Sharma

He has been helping in business of varied scales, with key strategic decisions. He is a specialist in healthcare, medical devices, and life-science, and has accurately predicted the trends in the market. Anurag is a fervent traveller, and is passionate in exploring untouched places and locations. In his free time, he loves to introspect and plan ahead.