PROJECT

Projects

Summary of Investment Information

Project Number

51756

Company Name

Candela Technology AB

Date SPI Disclosed

Oct 27, 2025

Country

Poland

Region

Europe

Projected Board Date

Nov 26, 2025

Environmental Category

B - Limited

Status

Active

Last Updated Date

Mar 27, 2026

Department

Equity Portfolio Management

Industry

Manufacturing

Previous Events

Approved : Jan 12, 2026
Signed : Feb 26, 2026
Invested : Mar 12, 2026

Sector

Ship Building and Repairing

Additional Project Attributes

Blended Finance

Project Description

The project consists of an equity investment for a minority stake in Candela Technology AB (“Candela”, or the “Company”), a company that manufactures electric foiling vessels at the forefront of electrifying marine transport. Candela is a first-mover in the space and its ferry (P-12 model) is the first electric hydrofoil to receive regulatory approval and operates in Stockholm’s public transport system. IFC is proposing up to €8 million in equity financing to support the Company’s expansion into Emerging Markets.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation