Candela aims to release one of the fastest electric boats that could cut traveling times across Stockholm's archipelago by as much as 50% starting 2023.

According to Business Green, the new agreement marks a historic first cooperation between the electric automotive industry and a marine company.

Company officials hope that the new collaboration will "propel the growth of sustainable electric mobility in society".

Candela's electric vessels use hydrofoils, which allow the boats to lift up when reaching high speeds, meaning that energy consumption is up to 80% lower compared to traditional boats.

Thomas Ingenlath, Polestar's CEO, said that "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."

Candela CEO Gustav Hasselskog said that "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", he added.

The collaboration doesn't stop to just supplying batteries and charging systems, as officials also specified that the two companies are "committed to exploring further opportunities for future collaboration".

Photo source: Candela