RAD Propulsion Ltd
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RAD Propulsion Ltd - overview
Established
2018
Location
Hampshire, -, UK
Primary Industry
Automobiles, Other Vehicles & Parts
About
Founded in 2018 and based in Hampshire, UK, RAD Propulsion Ltd operates as a manufacturer of electric motors for marine transportation. Rich Daltry and Dan Hook (CEO) are the co-founders of the company. In June 2024, RAD Propulsion Ltd raised GBP 4. 27 million in venture funding co-led by OnePlanetCapital, Ocean Infinity Group, The FSE Group, and Britbots.
The company’s core offering is the RAD 40, a 40kW outboard motor designed for RIBs (Rigid Inflatable Boats) and powerboats. The firm’s product drive combines performance and portability, making it ideal for diverse marine applications. RAD Propulsion’s RAD batteries, compatible with both current and upcoming products, are integrated through RADBus, its proprietary drive-by-wire system architecture. This advanced technology simplifies the process of electrifying marine vessels while providing manufacturers with the necessary support and integration services.
RAD Propulsion empowers boat manufacturers to adopt eco-friendly solutions, reducing emissions by offering technology and support services. The organization plans to use the June 2024 funding to speed up the development of its product, marketing, and sales.
Current Investors
The FSE Group, Britbots, OnePlanetCapital
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Marine, Ship Building & Repair
Website
www.radpropulsion.com/
Verticals
Electric & Hybrid Vehicles, Manufacturing, Robotics
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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