Candela isn't building boats; they're building aircraft for the water. By replacing traditional hulls with computer-controlled hydrofoils, they've turned the choppy ocean into a smooth runway, achieving ranges and speeds that pure-electric propulsion was never supposed to achieve.

"They aren't selling electric boats; they are selling the physics of flight applied to water."

While the electric car market is crowded, the electric boat market is fragmented. Candela’s moat isn't just the battery; it's the Flight Controller. Their software actively adjusts the foils 100 times per second to counteract waves, creating a ride that is eerily stable. This technology stack—built on years of R&D—is why they can command premium pricing while scaling to 370 employees and $122M in revenue.

• The 'Flight Controller': A proprietary stabilization system that makes foiling accessible to anyone, not just professional sailors.
• Dual Market Strategy: Simultaneously targeting the high-margin leisure market (C-8) and the mass-transit commercial sector (P-12 ferry).
• Silence as a Feature: At cruising speed, the only sound is wind, eliminating noise pollution in coastal areas.