Rad Propulsion

Rad Propulsion

Innovative electric marine propulsion systems enhancing performance and usability for commercial and leisure vessels. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€20—31m (Dealroom.co estimates Jun 2024.)
Company register number 11700102
United Kingdom (HQ)
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DateInvestorsAmountRound

£320k

Grant
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N/A

Seed

£240k

Grant

£190k

Grant
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N/A

Early VC
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N/A

Seed
*

£1.0m

Seed
*

£4.3m

Early VC
Total Funding€7.2m

Recent News about Rad Propulsion

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RAD Propulsion, founded in 2018 by Richard Daltry and Dan Hook, is a pioneering company in the marine propulsion industry, leveraging advanced electric technology, computing power, and connectivity to revolutionize marine propulsion systems. The company serves both commercial and leisure clients, providing bespoke design, detailed engineering, installation, and lifelong support. RAD Propulsion operates in the maritime market, focusing on high-spec boats and sustainable water travel solutions. Its business model revolves around the development and sale of cutting-edge electric propulsion systems, such as the RAD 40, which offer superior performance and usability. Revenue is generated through direct sales, partnerships, and long-term service agreements. Key partnerships, like the one with Stephens Waring Design, enhance RAD Propulsion's capabilities in naval architecture and engineering, further solidifying its market position.

Keywords: electric propulsion, marine technology, bespoke design, commercial vessels, leisure boats, sustainable travel, advanced engineering, RAD 40, maritime market, lifelong support.

Tech stack

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