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  • Rovindu Ambagolla

Triple Bottom Tuesdays >>> Meet the Tesla of the Sea

Updated: Aug 31, 2021

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Fossil fuel-based engines have been in contest with electric based motors for years, and now the battle has finally been taken to sea. Sweden’s Candela speed boat is challenging the conventional V6 and V8 engines found on boats by offering a new battery powered speedboat.

The fresh model released by Candela, the C-8, is an 8.5-meter-long boat which boasts a 50-mile range and a top speed of 30 knots (around 56 kmph). The company is currently raising funds for a factory that will initially create 400 units a year. CEO and founder of Candela, Gustav Hasselskog, hopes to sell more than 1000 a year.

However, the electric leisure boat market is still at its early stages. One of the biggest challenges that they face is the technology itself. Due to water resistance or the drag force, many of the electric fueled boats have a much lower range in comparison to their fuel-based alternatives. So, Candela came up with a new design which allows their boats to seemingly “fly” over water, this is called a hydrofoil craft and it allows much more efficient use of energy and thus a more compact and smaller battery can be used.

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Hydrofoil technology is not a new concept. It was invented in the 19th century and uses similar principals as the wings of an airplane. The concept of hydrofoil technology on electric boats gives customers an exciting twist when purchasing them and promises customers a unique experience.

The C-8 comes equipped with an underwater motor, front cabin, seats for eight passengers, a sun bed and even a 15.4-inch high resolution touchscreen dashboard. The C-8 provides a silent ride and lifts from the surface at 16 knots. All this comes at a hefty price tag however of $340,000.

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Electric leisure boats are just the peak of the iceberg for Candela. They are already working with 45 cities to provide hydrofoil passenger boats, such as the 30-seat hydrofoil ferry that they plan to test in Stockholm’s waterways in 2023.

Tesla’s Model S has outsold all other combustion-engine luxury sedans, and CEO Gustav Hasselskog hopes that Candela can have the same effect in the boating industry, pivoting the use of electrically powered modes of transport to new heights.

August 31st | 11.00 AM

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