Polestar strikes deal to supply batteries for Candela’s hovering electric boats

Credit: Candela

Polestar announced this morning it has signed a multi-year agreement to supply battery and charging systems to Candela, a Swedish hydrofoil electric boat company.

For those unfamiliar with Candela, it is a company that manufactures zero-emissions boats with minimal noise. Utilizing computer-guided hydrofoils, which lift the hull from the water, the boats technically hover above the surface to use less energy at higher speeds. Studies have shown that Candela’s boats use up to 80 percent less energy at high speeds than traditional motorboats.

Candela’s high-speed electric boats offer a lighter environmental footprint and more passenger comfort because of the smooth cruising experience. The partnership aims to help both companies “propel the growth of sustainable electric mobility in society,” Polestar said.

“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,” Polestar CEO Thomas Ilgenlath said. “Polestar will be part of future projects with Candela by supplying an essential part for the innovative propulsion of their boats is awesome. As a battery supplier to Candela, we can help drive the transition to cleaner oceans and lakes and electrify waterborne transport.”

Polestar currently sources batteries from both LG Chem and CATL. Both companies are based in Asia. In the future, Polestar plans to use Northvolt batteries, which are manufactured in Sweden.

Candela CEO Gustav Hasselskog said the partnership should accelerate the adoption of sustainable boats:

“Polestar is a dream partner for us. 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.”

This partnership marks Polestar’s first supply of battery and charging systems as a third party. The collaboration between the two companies “marks the start of a broader intended partnership between Polestar and Candela, with both companies committed to exploring further opportunities for future collaboration.”

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Joey Klender: Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his time at TESLARATI, Joey has broken several big stories, including the first images of the Tesla Model S Plaid, the imminent release of the 4680 Model Y through EPA certification, and several expansions to the Lucid AMP-1 factory in Arizona, to name a few. His stories have been featured in several publications, including Yahoo! Finance, Fox News, CNET, and Seeking Alpha. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on Twitter @KlenderJoey.
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