Polestar has signed a multi-year agreement to supply battery and charging systems to Swedish hydrofoil electric boat company, Candela.
The company said the agreement marks one of the world’s first direct battery technology collaborations between companies from the automotive and marine industries.
Using computer-guided hydrofoils which lift the hull above water, Candela’s electric boats ‘fly’ above the surface and use up to 80% less energy at high speeds compared to traditional motorboats.
Candela’s crafts produce zero emissions and minimal noise, combining a light environmental footprint with better passenger comfort and a smoother cruising experience compared to traditional boats. By combining Polestar’s batteries with Candela’s pioneering electric hydrofoil technology, both companies aim to propel the growth of sustainable electric mobility in society.
“I am fascinated by way Candela’s boats glide elegantly and efficient through, or better, over the water – amazing proof of the great aesthetics and experiences modern, sustainable technology can create. 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," said Polestar CEO Thomas Ingenlath.
The supply of battery and charging systems to a third party, a first for Polestar as an EV manufacturer, marks the start of a broader intended partnership between Polestar and Candela, with both companies committed to exploring further opportunities for future collaboration.