Swedish electric car maker Polestar will provide battery and charging systems for Candela’s flying boats
The battery deal will enable Candela to scale up production swiftly, bringing mass-market electric boats one step closer to reality.
The two Swedish companies Polestar and Candela have ventured into an agreement where Polestar will supply the battery and charging systems for Candela’s revolutionary hydrofoiling speedboats.
The deal lets Candela tap into automotive battery technology and scale up the production of its best-selling electric boats.
“To make electric boats mainstream, we need to build thousands of boats every year. Working together with Polestar, we’re able to bring the scale of production and world-class engineering from the automotive industry to the marine sector,” says Gustav Hasselskog, Candela CEO and founder.
By combining Polestar’s batteries with Candela’s electric hydrofoil technology, both companies aim to propel the growth of sustainable electric mobility in society.
“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,” says Thomas Ingenlath, Polestar CEO.
“That 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.”
The deal is an attempt to overcome two major hurdles for electrifying boating. The first hurdle is the massive energy consumption of conventional powerboat hulls, which so far has resulted in poor performance of electric boats. This obstacle has been cleared by Candela’s hydrofoil technology that cuts energy usage of powerboats by up to 80%.
The second hurdle has been the prohibitively high cost of marine batteries for electric boats.
Electric boatbuilders typically have so far relied on smaller, boutique vendors of marine battery packs. Scarcity and high unit costs of these packs are two factors that have prevented electric boats from achieving parity with ICE vessels.
“Thanks to the partnership with Polestar, we’re able to secure state-of-the-art battery packs for our production ramp-up,” adds Gustav.
“As the number of electric vehicles increases worldwide, a steady battery supply will become increasingly important to hold a competitive edge and allow us to compete with combustion engine boats.”