“Tesla of the Seas”: A new generation of electric motorboats take to the water”

In this week’s Science & Technology section, The Economist covers the revolutionary electric speedboat Candela Seven and it’s cutting-edge foiling technology.

This is probably the first time a leisure boat manufacturer is featured in The Economist, one of the world’s most prestigious business magazines. But then again, Candela Seven is no ordinary boat. It is the first electric boat with enough range and speed to compete with fossil fuel powerboats on equal terms – but also offers benefits not seen before in maritime history. The design uses 80 percent less energy at 20-plus knots compared to fossil fuel powered speedboats.

A zero-emission boat with built-in digital controller

But there are more advantages to Candela’s foiling technology. The boat’s built-in digital flight controller adjusts the foils up to 100 times per second, accounting for every environmental factor, including waves, wind, and even passengers moving around the boat. Candela Seven is the perfect zero-emission boat for outings or watersports. its efficient foils and electric motor make it 95 percent cheaper to run than traditional gas-guzzling motorboats the Swedish company has sold 30 boats and manufactured 20 of them in just over a year.