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The Candela C-8 Polestar Edition electric boat has just crushed the previous record for distance sailed in 24 hours by an electric boat.

Swedish electric boat maker Candela’s C-8 electric hydrofoil boats are known for their extreme efficiency, soaring through the air with less than 1% of the boat actually touching the water. Flying on submerged hydrofoils, the Candela C-8 uses just 20% of the energy needed by other boats.

That means the boat can use significantly less on-board battery to go much farther than higher-power electric boats with much larger batteries than Candela’s. And since Candela partnered with Polestar to provide the batteries and charging system for the C-8, it can take advantage of DC fast charging for short recharge stops during a journey.

candela c-8

In this case, the team at Stockholm-based Candela wasn’t just trying to demonstrate how efficient a single charge could be, but also how important DC fast charging is for marine applications.

As the company explained:

The aim here was not to drive as far as possible on one charge, but really to see how far we could drive in a day, using DC charging to quickly top up the battery – something owners will do, as DC charging networks grow in the US, Norway and along the French/Italian riviera.

The Candela team traded off drivers throughout the day and night, and used a DC charger with a Voltpack mobile battery system from Northvolt. Together they managed to cover 420 nautical miles (483 miles or 778 km) in 24 hours. The previous record was held by the team at Voltari who traveled 79 nautical miles (91 miles or 146 km) from Florida to the Bahamas, performed all on a single charge.

To put Candela’s 420-nautical-mile trip into perspective, that’s like traveling from London to Amsterdam and back again. Or for our American audience, traveling from Tampa, Florida, to New Orleans, or from San Francisco to San Diego. Wow, I always forget how big California is.

“This feat shows that fast, electric waterborne transport over long distances is viable today, not a distant future,” said Gustav Hasselskog, Candela’s CEO and founder, who piloted the C-8 during the record attempt.

The total cost for electricity worked out to approximately €110 (US $117), with Candela saying that a conventional boat would have used at least €1,400 (US $1,490) of fuel for the same long-distance journey.

Perhaps more impressive than just the distance covered was the team’s speed, which averaged 17 knots (19.5 mph or 31.5 km/h) throughout the 24 hours, including time stopped to charge. By comparison, Voltari’s boat crawled along at just over trolling speeds of around 3.95 knots (4.5 mph or 7.3 km/h) to accomplish their feat, taking 18 hours to complete the Florida to Bahamas journey that most boats cover in two to three hours.

While underway, the Candela C-8 traveled at close to its maximum speed at around 27 knots (31 mph or 50 km/h). The route consisted of a loop between Stockholm and the island of Tynningö, stopping to DC fast charge after each loop.

candela c-8

Candela’s impressive feat was performed in collaboration with battery maker Northvolt and charging station supplier Plug, to showcase how future DC charging networks for boats could look. Instead of making heavy investments in upgrading the local grid, islands could deploy battery systems like Northvolt’s Voltpack to ensure that there’s enough power available for fast charging, which could be a more cost-effective and quicker solution.

In this case, Northvolt’s Voltpack stood on the dock outside Candela’s Frihamnen office. Connected to a DC charger from Plug, it recharged the Candela C-8 a total of 17 times over the 24-hour span.

“With a relatively modest investment, charging stations could be built to fully electrify marine transport in the Stockholm archipelago. For a few hundred million euros, a charging network covering Europe’s coastal passenger transports would become a reality,” stated Hasselskog.

Electrek’s Take

While the 420 nautical miles in 24 hours is the sexy part of this story, the true unsung hero is the DC fast charging that made all of this possible (and of course the whole “flying electric boat” thing, which is just more proof that we’re all living in the future).

The setup from Northvolt and Plug showed an interesting solution to provide DC fast charging facilities, even when the local grid isn’t set up to handle such power. Seeing these systems dropped on islands around popular boating destinations could immediately turn those areas into capable electric boat highways for long-distance travel.

Obviously, it helps if your boat can fly to go even farther on that charge, but even old-fashioned boats that have to touch the water can of course benefit from readily available marine DC fast charging.

Nice job, Candela!

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Trump’s first day, Hyundai lease deals, and Volvo’s EVs arrive in the US

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Trump's first day, Hyundai lease deals, and Volvo's EVs arrive in the US

On today’s episode of Quick Charge, President Trump has a wild first day in office, but it’s not ALL bad, either. Plus: Tesla gets diner integration, Hyundai keeps the deal train rolling, and it’s dad’s 80th birthday.

We also look ahead to some possible discounts for Tesla insurance customers, some news on the upcoming “cheap” Cybertruck, and wonder out loud if Puerto Rico’s billion dollar solar project is going to see the light of day. All this and more – enjoy!

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.

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Stripe cuts 300 jobs in product, engineering and operations

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Stripe cuts 300 jobs in product, engineering and operations

The Stripe logo on a smartphone with U.S. dollar banknotes in the background.

Budrul Chukrut | SOPA Images | LightRocket via Getty Images

Stripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed.

The payments company, valued at about $70 billion in the private markets, still expects to increase headcount by 10,000 by the end of the year, which would be a 17% increase, and is “not slowing down hiring,” according to a memo to staff from Chief People Office Rob McIntosh. Business Insider reported earlier on the cuts and the memo.

A Stripe spokesperson also confirmed to CNBC that a cartoon image of a duck with text that read, “US-Non-California Duck,” was accidentally attached as a PDF to emails sent to some of the employees who were laid off. Some of the emails mistakenly provided affected employees with an incorrect termination date, the spokesperson said.

McIntosh sent a follow-up email to staffers apologizing for the “notification error” and “any confusion it caused.”

“Corrected and full notifications have since been sent to all impacted Stripes,” he wrote.

In 2022, Stripe cut roughly 1,100 jobs, or 14% of its workers, downsizing alongside most of the tech industry, as soaring inflation and rising interest rates forced companies to focus on profits over growth. The Information reported that Stripe had a few dozen layoffs in its recruiting department in 2023.

Stripe’s valuation sank from a peak of $95 billion in 2021 to $50 billion in 2023, before reportedly rebounding to $70 billion last year as part of a secondary share sale. The company ranked third on last year’s CNBC Disruptor 50 list.

In October, Stripe agreed to pay $1.1 billion for crypto startup Bridge Network, whose technology is focused on making it easy for businesses to transact using digital currencies. 

Brothers Patrick and John Collison, who founded Stripe in 2010, have intentionally steered clear of the public markets and have given no indication that an offering is on the near-term horizon. Total payment volume at the company surpassed $1 trillion in 2023.

WATCH: Early Bridge investor weighs in on $1.1 billion Stripe deal

Early Bridge investor weighs in on $1.1 billion Stripe deal

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Rivian is offering up to $6,000 to upgrade your R1S or R1T

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Rivian is offering up to ,000 to upgrade your R1S or R1T

Thinking about upgrading your EV? Rivian (RIVN) launched a new promo on Tuesday, offering up to $6,000 to upgrade your R1S or R1T. Here’s how you can snag some savings.

Rivian R1S and R1T upgrade deal offers up to $6,000

Rivian delivered over 51,500 vehicles last year as the EV maker gains momentum. Although it was only slightly higher than the ~50,100 delivered in 2023, Rivian is expected to see even more growth this year.

After shutting down its Normal, IL manufacturing plant last April and renegotiating supplier contracts, Rivian has seen “significant cost improvements,” according to CEO RJ Scaringe.

Rivian also began delivering its next-gen R1S and R1T models last year. The new Large and Max battery packs have redesigned modules and more efficient packaging, “making them easier to manufacture and service.” For example, Rivian’s new EVs use seven ECUs, down from 17 in the first-generation R1T and R1S.

With new plant upgrades, reworked supplier contracts, and more efficient vehicles, Rivian is now passing the savings on to customers.

Rivian-EV-upgrade-$6,000
Rivian R1T (left) and R1S (right) electric vehicles (Source: Rivian)

Rivian introduced a new promo on Tuesday, offering up to $6,000 to upgrade your R1T or R1S. The bonus amount varies by trim:

  • Tri with Max battery: $6,000 USD / CAD 8,600
  • Dual with Max battery and Performance upgrade: $4,500 USD / CAD 6,500
  • Dual with Max battery: $3,000 USD / CAD 4,300

The offer is for current R1T or R1S owners or lessees in the US and Canada. Rivian launched the new promo on January 21, and it runs through March 31, 2025.

After you purchase or lease a qualifying vehicle, Rivian will apply a discount toward the MSRP. You must take delivery by March 31, 2025. In the fine print, Rivian stated, “You must request a trade-in estimate to qualify for this offer, but trade-in of a vehicle is not required.”

Rivian-EV-upgrade-$6,000
Rivian R1S (Source: Rivian)

Any other models are excluded from the offer. These include Dual Standard configurations, Dual with Large battery configurations, custom builds, demo vehicles, and pre-owned vehicles.

The new offer follows Rivian’s previous upgrade promo introduced last October, giving qualifying gas-powered vehicle owners or lessees up to $3,000.

Check out the Rivian R1 Shop to view eligible models. You can see eligible Rivian R1S here and R1T models here.

Electrek’s Take

Rivian’s R1S was already the tenth best-selling electric vehicle in the US last year, with nearly 27,000 models sold. With more driving range and power at a lower cost, the electric SUV could see even more demand in 2025.

Then again, with the arrival of new luxury electric SUVs, like the Jeep Wagoneer S and Volvo EX90, Rivian will face more competition in the US.

Rivian’s latest promo comes as the Company looks to carry the momentum from the end of 2024 into the new year. The EV maker is offering other deals, including 1.99% APR for 60 months on the R1 Dual with a Max Battery and Performance upgrade.

Even if you are not eligible for the promo, we can still help you find deals on Rivian’s electric SUV in your area. You can use our links below to view offers on the Rivian R1S and R1T near you today.

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