Radinn AB

Radinn AB is a Swedish company specializing in the design and manufacturing of electric jetboards, offering innovative watercraft for thrill-seekers and adventure enthusiasts. Founded in 2013 in Malmö, Sweden, Radinn AB focuses on electric watercraft production. The company has secured SEK 20 million in funding from Danir AB and other investors, reflecting its growth strategy in the electric water sports market. The company has conducted 2 notable funding deals, with the latest round occurring on March 25, 2019.

CEO Mathias Werntoft leads the company, although no specific prior ventures by him are mentioned. Radinn specializes in the design and manufacturing of electric watercraft, specifically electric jetboards. These jetboards feature advanced propulsion systems that enable riders to glide across water at impressive speeds while minimizing environmental impact. Radinn offers various models to cater to recreational enthusiasts and professional riders, with customizable options for different skill levels.

The company primarily targets consumers in Europe, North America, and select regions in Asia, including water sports enthusiasts and adventure-seekers, with products available through retailers and direct-to-consumer sales via their online platform. In 2022, Radinn generated revenue of SEK 10,464,471. 4, with an EBITDA of -SEK 9,796,052. 3.

The revenue is derived from the direct sale of electric jetboards, accessories, and related services, leveraging both B2B partnerships and direct sales to consumers. Radinn AB plans to expand its product line with upcoming new models of electric jetboards, although specific release dates have yet to be announced. The company intends to explore new markets, particularly targeting regions in Asia by 2025. The SEK 20 million raised in March 2019 will support these initiatives, enabling Radinn to enhance its product offerings and expand its geographic presence.