Transport Archives - Page 2 of 6 - Climate Global News

alternative rail propulsion systems hydrogen battery train at modern European station

Transport

New guidance highlights safety gaps in alternative rail...

March 24, 2026

Alternative rail propulsion systems such as battery and hydrogen trains are gaining momentum in...

Flying electric vessel maker Candela raises €30M amid soaring oil prices Candela’s largest funding round to date, with the World Bank’s IFC arm joining existing investors, will finance a second manufacturing facility to scale production of its groundbreaking hydrofoiling P-12 ferries and meet growing global demand. The round brings Candela's total capital raised to €129 million since its inception, making it the best-funded electric vessel manufacturer globally. It was backed by all existing shareholders—EQT Ventures, SEB Private Equity, KanDela AB, and Ocean Zero LLC—alongside new investor the International Finance Corporation (IFC), the private-sector arm of the World Bank Group, which contributed €8 million. The raise defies a broader downturn in climate-tech investment and follows the recent, successful real-world deployment of the P-12 in public transport across Stockholm, Gothenburg, Oslo, and Trondheim, where the vessel demonstrated strong technical performance, significantly reduced operating costs, and dramatically shorter travel times compared to traditional diesel ferries. A new category of vessel Named one of TIME magazine's most important inventions of 2025, the P-12 is the world's first electric hydrofoil ferry in scheduled commuter service. At its core is Candela's proprietary computer-controlled hydrofoil system and C-POD motors, which lift the vessel above the water and cut energy consumption by up to 80 percent versus conventional ships—while producing zero wake. "From a physics perspective, ships have been essentially the same for hundreds of years," says Gustav Hasselskog, founder and CEO. "We're redefining waterborne transport by effectively creating a new category of vessel. This allows cities and municipalities to finally take full advantage of waterways—while escaping the fossil-fuel cost trap that has long prevented them from being used efficiently." The Candela P-12 has proven successful in Stockholm’s public transport, significantly reducing travel times and operating costs. Global expansion underway With serial production now up and running and first customer deliveries starting in this month, more than 65 vessels are currently on order. From 2026, deployments are slated for Mumbai—where a fleet of ten P-12s will cut travel times from Navi Mumbai Airport to the city centre from around two hours to 35 minutes—as well as the Maldives, Saudi Arabia's NEOM project, Thailand, and additional markets. Candela is applying scalable, platform-based serial production to advanced carbon-fiber vessels, breaking from the maritime industry's traditional reliance on one-off construction. The second factory—to be located in Poland—will make zero-emission transport more accessible to emerging markets around the world. "By moving away from small-series production—which inevitably drives high costs—we've built a platform that serves multiple markets," says Hasselskog. "This allows us to deliver technologically advanced carbon-fiber vessels with industry-leading operating costs at a competitive price point, freeing operators from the cost trap of fossil-fuel ships. “In a market where climate tech funding is down around 50 percent since 2021, raising our largest round ever sends a clear signal: the transition is moving beyond subsidies and green premiums. Our vessels win on cost and performance, and that's why investors are backing Candela. I'm truly grateful for that trust." Quote from IFC: “This investment reflects IFC’s commitment to advancing innovative transportation solutions in emerging markets,” said Farid Fezoua, IFC Director for Equity, Funds and Venture Capital. “By supporting Candela’s expansion, we aim to accelerate the adoption and early deployment of breakthrough maritime technology in Emerging Markets, mobilize private capital, create high-value jobs, and enable more efficient water-based mobility.” Quote from SEB Private Equity: “We are thrilled to further support Candela on this next phase of growth, with strong progress in both technology deployment and commercial growth. The company has demonstrated global demand, with sales across the Nordics, the U.S., and key Asian markets. We have strong conviction in Candela and look forward to supporting the next phase of its global expansion and their commitment to a more sustainable future,” says Simone Hirschvogl, Investment Director at SEB Private Equity. Quote from EQT Ventures: “Rising fuel costs are fundamentally changing the economics of waterborne transport,” said Marnix van der Ploeg, Managing Director at EQT Ventures. “Candela’s hydrofoil technology dramatically lowers operating costs, making electric vessels commercially superior to traditional ferries. That’s why we backed the company early and are proud to continue supporting the team as they scale production globally.”

Transport

Electric hydrofoil ferry funding accelerates as Candela raises...

March 24, 2026

Electric hydrofoil ferry funding is gaining momentum as Swedish company Candela secures €30 million...

electric HGV charging UK using Voltempo HyperCharger infrastructure

Transport

Electric HGV charging record highlights rapid progress in UK...

March 23, 2026

Electric HGV charging UK capabilities have reached a new milestone following a high-power charging...

Ryan Long Head of LCV at Zenith discussing electric van transition

Transport

Electric vans lag behind car EV adoption in UK transition

March 16, 2026

The transition to electric vehicles is progressing more slowly for vans and other light commercial...

Transport

Industry leaders defend ZEV mandate amid UK EV transition debate

March 12, 2026

Senior figures from the UK electric vehicle sector have defended the country’s transition to zero...

Electric vehicle charging on a residential street using a public EV charger

Technology & Innovation • Transport

EV Running Costs: £20 of Electricity Powers Car Further Than...

March 11, 2026

Electric vehicles can travel significantly further than petrol cars for the same energy cost...

Easee One electric vehicle charger used in partnership with ScottishPower smart EV charging tariff

Energy • Technology & Innovation • Transport

Smart EV Charging Tariffs Aim to Cut Home Charging Costs

March 5, 2026

Smart EV charging tariffs are becoming an increasingly important part of the electric vehicle...

electric vehicle charging on residential street in London showing EV adoption growth in England

Technology & Innovation • Transport

EV Adoption Growth in England Spreads Beyond Affluent Early...

March 4, 2026

EV adoption growth England is becoming increasingly broad-based, according to new analysis showing...

sewage sustainable aviation fuel production facility with industrial tanks and aircraft illustrating waste-to-SAF technology

Energy • Technology & Innovation • Transport

UK Firm Developing Sewage-Based Sustainable Aviation Fuel...

March 4, 2026

Sewage sustainable aviation fuel technology is being developed in the United Kingdom as part of...

1500V relay for energy storage systems shown alongside high-voltage power electronics assembly

Energy • Technology & Innovation • Transport

1500V Relay for Energy Storage and EV Fast Charging Introduced...

March 4, 2026

A new 1500V relay for energy storage and electric vehicle fast-charging applications has been...

EV signage showing electric vehicle charging symbol on roadside sign against blue sky

Transport

EV Signage Reform Urged as Industry Responds to Government Review

February 27, 2026

EV signage across the UK road network is under review following a call for evidence from the Office...

Octopus Fleet EV charging platform interface inside electric vehicle

Energy • Transport

Octopus Fleet EV Charging Platform Launches for UK Businesses

February 18, 2026

The Octopus Fleet electrification brand has been launched as a single point of access for...

EV charging savings for taxi drivers using public electric vehicle charging station

Energy • Transport

Octopus Electroverse and Freenow by Lyft Partner to Offer EV...

February 10, 2026

EV charging savings for taxi drivers are being expanded through a new partnership between Octopus...

Transport

Women hold nearly half of UK driving licences – but the EV...

February 4, 2026

Women account for 49% of UK driving licence holders, yet the electric vehicle (EV) transition...

BYD electric car parked by the coast with St Michael’s Mount in the background

Transport

BYD joins Electric Vehicles UK to support consumer understanding...

January 29, 2026

Electric vehicle manufacturer BYD has become a partner of Electric Vehicles UK (EVUK), an industry...

Public support for hydrogen fuel cell heavy-duty vehicles in South Korea illustrated by emission reduction data

Transport

Public support for hydrogen trucks in South Korea outweighs...

January 28, 2026

Public support for hydrogen fuel cell heavy-duty vehicles in South Korea could play a decisive role...

Infographic showing public support for hydrogen fuel cell heavy-duty trucks in South Korea

Transport

South Korean households show strong support for hydrogen fuel...

January 20, 2026

Public support for expanding hydrogen fuel cell heavy-duty trucks in South Korea is strong enough...

Greg Jackson, Founder and CEO of Octopus Energy, standing with a Forest electric bike outside Number 11 Downing Street in London

Transport

Forest and Octopus Energy announce partnership to supply zero...

December 15, 2025

London-based e-bike operator Forest has announced a new partnership with Octopus Energy, under...

Illustration of an electric vehicle charging outside a home, with stylised energy lines and branding for EDF and Kraken.

Energy • Technology & Innovation • Transport

EDF and Kraken partnership to deliver household energy savings...

November 17, 2025

EDF and Kraken have launched a new phase of their flexibility partnership, enabling millions of...

A fleet of electric vehicles lined up outdoors in front of a large event venue, including models from multiple manufacturers in various colours.

Transport

Octopus EV surpasses £2bn in electric vehicle funding to expand...

November 14, 2025

Octopus Electric Vehicles (Octopus EV) has secured additional backing from Lloyds Banking Group...

Category - Transport