The World Bank's International Finance Corp. is investing in Candela Technology to bring electric hydrofoiling ferries to developing countries, in contrast to the US's fossil-fuel-focused approach. The investment aims to reduce upfront costs for potential customers in Latin America and India, with a focus on boosting sales of eco-friendly ferries. The support from IFC could fund a leasing company or provide low-interest loans, with CEO Gustav Hasselskog praising the support as "massive." This move highlights a shift towards sustainable transportation solutions in emerging economies.
https://www.eenews.net/articles/world-bank-arm-bucks-trump-to-back-electric-ferries/