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Swedish startup is literally taking boat commuting to new heights

Is it a boat or is it a plane? Put on your glasses! This is clearly an electrically powered hydrofoil passenger ferry.

The brainchild of the Swedish startup Candelathe P-12 shuttle will become the fastest electric passenger ship with the longest range in the world when launched this summer.

Founded in 2014, Candela has spent years perfecting design on recreational craft, and now, fueled by a $20 million cash injectionwants to scale up production and make hydrofoil passenger boats mainstream.

The startup is currently building the first two ships at its new factory in Stockholm is in conversations with 180 potential operators around the world, it told TNW in a written statement.

Hydrofoils work similarly to airplane wings. As the water flows over the surface of the foil, an upward force is created, lifting the boat out of the water. Not only does this look cool, it also reduces drag and makes the boat go faster. It also makes the craft more energy efficient.

However, electric hydrofoils are inherently unstable. To solve this problem, Candela spent five years developing computer-controlled hydrofoils that adjust 100 times per second using data from sensors that measure wave height and wind speed. This Bbalances the boat and reduces seasickness — the unsavory side of many sea voyages.