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Polestar Signs Multi-Year Battery Deal With Electric Boat Company Candela

Electric car maker, Polestar, has revealed this morning that it has signed a multi-year deal to a Swedish hydrofoil electric boat company, Candela, to supply the batteries.Candela produces boats that produce very little noise and zero emissions. The boats actually hover above the water surface using hydrofoils. This means the boats use less energy at higher speeds. In fact, some studies have proven that Candela’s boats are 80% more energy efficient than regular motorboats.

– Candela Press Image

The batteries that Polestar currently source are from Asia-based companies, LG Chem and CATL. However, Polestar are planning to use Northvolt batteries in the future and those are produced in Sweden.

Polestar said that the collaboration is hoping to “propel the growth of sustainable electric mobility in society.”

Thomas Ilgenlath, Polestar CEO, explained:

“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 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, has said the following about the new partnership:

“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.”