The innovative Swedish electric boat maker Candela has just announced its biggest funding round ever, reeling in €24.5M (US $26.6M). Fresh off the announcement of the first commercial user of the company’s new P-12 electric ferry, Candela is now flying closer to its goal of replacing combustion engine watercraft with efficient electric boats in both the recreational and commercial boating industries.
The company is well on its way to achieving that goal, using an innovative design with computer-controlled hydrofoils that help its boats fly above the surface of the water. The hydrofoils enable the boats to use 80% less energy than comparable vessels covering the same route.
That efficiency improvement is an even bigger achievement in the water than on land, since electric cars only have to consider aerodynamics when they push air out of the way. Boats dealing with the hydrodynamic issues of much heavier water result in significantly lower efficiencies. Electric boats thus typically require incredibly powerful motors and massive battery banks. But Candela’s high-tech hydrofoils mean the boats can be much more efficient and economical with smaller motors and batteries that still achieve longer range.
And major boatbuilders seem to agree with Candela’s approach. In fact, one of the key contributing members of Candela’s latest record funding round is Groupe Beneteau, a leading global boat maker with a turnover of €1.46B, 15 factories, 9 brands, and more than 8,000 yachts built annually.
As the company explained, the move correlates with its own goals.
“Our investment perfectly aligns with Groupe Beneteau‘s ecological transition objectives, scaling up innovative solutions for more sustainable boating and unparalleled navigation experiences. Candela’s technology, enabling significantly more efficient electric vessels, will transform waterborne transport into its next sustainable phase”, said Bruno Thivoyon, CEO at Groupe Beneteau.
A Candela P-12 ferry and C-8 speedboat fly in formation
It’s a major score for Candela, as the company’s CEO Gustav Hasselskog added:
“We couldn’t be more excited about having Groupe Beneteau on board. As the leading global boat company, their trust is a stamp of approval for our technology to transform waterborne transportation. We’re excited for the possibilities ahead.”
Candela expects the new investment round to help scale up production to meet demand for the recently launched Candela P-12, the world’s first electric hydrofoil ferry.
The P-12 marks a new chapter in waterborne transport, as it’s the first fast and long-range electric ferry on the market. Its efficient hydrofoil tech cuts lifetime emissions by an impressive 97.5% compared to diesel vessels, while simultaneously cutting operators’ costs in half.
Since it generates minimal wake, the P-12 has been granted exemptions from speed limits in many no-wake areas, such as on its maiden route in Stockholm, where in July it will begin cutting travel times in half compared to road transport and legacy diesel vessels.
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Three months after Uber, Lucid Motors, and Nuro announced a partnership that would enable Gravity SUV robotaxis, the rideshare network has shared where the public will first be able to hail one. Spoiler alert, it’s easy to guess if you give it half a thought.
As we reported in July, Uber Technologies committed to a $300 million investment in Lucid Group (parent company of American EV automaker Lucid Motors), to deploy at least 20,000 Lucid vehicles as robotaxis over the next six years.
Those Lucid vehicles, which will consist of the automaker’s flagship Gravity SUV to begin, will hit public roads equipped with a Level 4 autonomous system called Nuro Driver. Nuro, the third partner in this equation, is a robotics company specializing in zero-occupant delivery vehicles, which garnered an existing partnership with Uber Eats as well as a “hefty” (yet undisclosed) investment from Uber Technologies.
Last month, Lucid delivered its first Gravity SUV to Nuro to begin the retrofitting process of the Nuro Driver system to support Uber’s hopes for a luxe robotaxi fleet. While the partners continue to work toward building an exciting new fleet of Lucid Gravity Robotaxis, Uber has shared the location where they will first go into service… Casper, Wyoming.
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Just kidding!
It’s the San Francisco Bay Area, of course.
Lucid Gravity SUV fitted with Nuro’s self-driving tech (Source: Lucid)
Uber to deploy Lucid Gravity EVs in Bay Area in 2026
Today’s update from Uber expands upon the ongoing partnership with Lucid Group and Nuro. According to the companies, the San Francisco Bay Area will be the first market where riders will see this next-generation autonomous robotaxi program in operation. That milestone is expected sometime in 2026.
Uber has shared that it has been updating policymakers and regulators at every level on the progress of its exclusive Lucid Robotaxis and continues to meet the operational requirements. Notably, Uber has shared that on-road development with the Lucid Gravity robotaxi engineering fleet is already underway in the Bay Area.
Furthermore, Nuro and Lucid intend to be operating over 100 Gravity robotaxis as part of the test fleet “in the coming months.” Lucid interim CEO, Marc Winterhoff, spoke about today’s announcement:
Lucid has always celebrated its California roots, and we’re thrilled to make the San Francisco Bay Area the first market for our new robotaxi on the Uber platform, powered by the Nuro Driver. Beginning next year, riders will experience a level of convenience, safety, and comfort unlike anything else on the road. We can’t wait to bring this service to life and expand it to communities across the country.
To build this fleet of Uber-exclusive robotaxis, the required hardware will be integrated into Lucid Gravity SUVS while they are still on Lucid’s assembly line in Arizona. Those builds will then be integrated with Nuro’s proprietary software when Uber officially commissions them.
All eyes on 2026 as we now know that residents around the Bay Area will be able to hail a driverless Lucid Gravity through the Uber platform. I’m very much looking forward to seeing this fleet in action.
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With its new EA line of variable speed industrial air compressors and superior energy efficiency from their advanced electric motors, industrial equipment Bobcat is setting a new standard for job site performance.
Designed for top-tier flow rates and maximum energy efficiency, Bobcat says its new EA lineup of variable speed compressors – the EA30VS, EA50VS, EA75VS, and EA100VS – is built to meet the demanding needs of modern industrial operations. But, crucially, the new EA line is about more than efficient motors, quiet running, and precise speed variation. It’s about tech.
To that end, the EA Series is equipped with a full range of “smart” operational features controlled through a 7″, full color LED controller display for intuitive operation. This system allows connection to, and intelligent optimization of, up to three additional compressors, ensuring the entire compressed air system operates at peak performance based on demand so perators can easily customize performance with programmable scheduling by date, time and pressure bands – delivering precision control with minimal effort.
And, of course, the whole system is backed by Bobcat’s global warranties, international parts and dealer networks, and commitment to durability and service.
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“The new EA Series represents a leap forward in industrial air compression technology for Bobcat,” said Cody Blythe, Bobcat product manager. “These machines offer exceptional flow rates paired with peak energy efficiency, providing our customers with a powerful solution that lowers their total cost of ownership through reduced electricity usage.”
Bobcat says its new EA line of variable speed compressors are available now at select Bobcat distributors, contact your local dealer for pricing.
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LiveWire, the electric motorcycle brand spun out of Harley-Davidson, has just given us a closer look than ever at its upcoming lower-cost, smaller-format electric motorcycles ahead of their larger unveiling at the Milan Motorcycle Show (EICMA) next week.
While we got our first glimpse of the new machines earlier this summer, spotting a street and trail version of the smaller electric motorbikes, now we have a name for the models and a few more details.
Officially called the S4 Honcho, the new model will be a 125-cc equivalent that will be available in both a street-legal version capable of being operated by riders who possess a moped/light motorcycle license in Europe or a motorcycle license in the US, and a license-free off-road version.
“The S4 Honcho Street will qualify for A1 licenses in Europe and the UK and M-endorsement in the U.S., offering lightweight, urban-friendly electric mobility with intuitive performance and removable batteries,” explained the company.
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The bikes appear to be powered by a centrally-mounted, chain-driving electric motor and a pair of removable batteries accessed by flipping up the seat.
LiveWire has remained fairly tight-lipped regarding the major tech specs for the bikes, as well as the price, but we do get a look at the dual removable batteries thanks to a new image posted to the company’s website.
There, we can see what appears suspiciously similar to a pair of KYMCO Ionex batteries, which would make sense given LiveWire’s close partnership with the Taiwanese scooter giant.
A couple years ago at EICMA I had the chance to check out KYMCO’s new Ionex batteries and e-scooter platform firsthand, which you can see in the video below.
While excitement has been building for LiveWire’s smaller electric motorcycles, the full unveiling of the bikes’ performance figures as well as the price tag will prove critical for gauging whether or not the mini-bikes could be a major turning point for LiveWire’s elusive profitability.
But the company isn’t betting it all on one horse, or one Honcho. Also in attendance at the show will be LiveWire’s full-scale concept of an electric maxiscooter built on the same S2 architecture that powers the company’s currently best-selling models, the S2 Del Mar, S2 Mulholland, and S2 Alpinista.
That scooter, built in partnership with KYMCO, will leverage the company’s fully developed S2 platform to create a more comfortable, high-performance urban and suburban-oriented model.
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