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Candela Raises SEK 77.6 Million in Directed Share Issue, EQT Ventures Increases Investment
ByAinvest
Wednesday, Aug 13, 2025 1:18 am ET1min read
EQT Ventures has invested SEK 77.6 million in Candela, an electric boat manufacturer, in a directed share issue. The company's valuation remains at SEK 2.17 billion, unchanged from its previous funding round. Candela's CEO stated that the investment is part of the company's strategy to capture the electric vessel market, with new deals in the pipeline.
Swedish electric boat manufacturer Candela has secured a significant investment from EQT Ventures, with the latter contributing SEK 77.6 million through a directed share issue [1]. This funding round, announced on July 2, 2025, brings the company's valuation to approximately SEK 2.17 billion, unchanged from its previous funding round last autumn.The investment is part of Candela's strategy to capture the growing market for electric vessels. According to Candela CEO Gustav Hasselskog, the newly raised SEK 80 million will support the company's market expansion plans. "The SEK 80 million we have now raised is part of our deliberate strategy to capture the market for electric vessels, and we have many exciting new deals of the same caliber as the one we have already announced in Mumbai," Hasselskog commented in an email to Breakit.
The company's latest funding round follows a trend of increased investment in the electric vehicle and marine sectors, driven by growing demand for sustainable transportation solutions. Candela's focus on electric boats positions it as a leader in the emerging market for electric marine propulsion.
Meanwhile, another significant funding round was announced by Belgian spacetech startup EDGX, which closed a €2.3 million seed funding round to accelerate the commercialization of its EDGX Sterna, the next-generation edge AI computer for satellites [2]. This funding will enable EDGX to deliver the world's fastest AI-powered edge computers for satellite constellations, addressing a fundamental bottleneck in the space industry by allowing satellites to analyze and act on data in real-time.
References:
[1] https://www.marketscreener.com/news/eqt-ventures-increases-investment-in-electric-boat-manufacturer-candela-ce7c51dad08cf721
[2] https://www.morningstar.com/news/pr-newswire/20250811ln47510/edgx-closes-a-23m-funding-round-to-boost-onboard-ai-compute-for-satellites
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