Polestar to supply batteries to electric boat company Candela

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

The agreement marks one of the world’s first direct battery technology collaborations between companies from the automotive and marine industries.

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.

Thomas Ingenlath, Polestar CEO, said: “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.”

Gustav Hasselskog, CEO of Candela, added: “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.”

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.