About Rad Propulsion
Rad Propulsion is a company based in Fareham (United Kingdom) founded in 2018 by Daniel Hook and Richard Daltry.. Rad Propulsion has raised $6.72 million across 2 funding rounds from investors including Ocean Infinity, OnePlanetCapital and The FSE Group. Rad Propulsion offers products and services including RAD 40 System and RAD Batteries.
- Headquarter Fareham, United Kingdom
- Founders Daniel Hook, Richard Daltry
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Sectors
Aerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Rad Propulsion
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.72 M (USD)
in 2 rounds
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Latest Funding Round
$5.46 M (USD), Series A
Jun 07, 2024
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Investors
Ocean Infinity
& 3 more
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Employee Count
Employee Count
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Products & Services of Rad Propulsion
Rad Propulsion offers a comprehensive portfolio of products and services, including RAD 40 System and RAD Batteries. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
An electric outboard motor is supplied for leisure and commercial boats, featuring compact design and integrated steering to optimize space and docking.
Fast-charging batteries are offered in sizes like 21 kWh and 61 kWh, designed to fit boat configurations and provide reliable power solutions.
Funding Insights of Rad Propulsion
Rad Propulsion has successfully raised a total of $6.72M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.46 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $5.5M
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First Round
First Round
(12 Feb 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - Rad Propulsion | Valuation | OnePlanetCapital , Ocean Infinity | |
| Feb, 2024 | Amount | Seed - Rad Propulsion | Valuation | Ocean Infinity |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rad Propulsion
Rad Propulsion has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Ocean Infinity, OnePlanetCapital and The FSE Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Funding solutions are provided by The FSE Group for businesses.
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Founded Year | Domain | Location | |
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Robotic ships are provided for ocean data acquisition and analysis.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rad Propulsion
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rad Propulsion
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rad Propulsion Comparisons
Competitors of Rad Propulsion
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Rad Propulsion
When was Rad Propulsion founded?
Rad Propulsion was founded in 2018 and raised its 1st funding round 6 years after it was founded.
Where is Rad Propulsion located?
Rad Propulsion is headquartered in Fareham, United Kingdom. It is registered at Fareham, Hampshire, United Kingdom.
Is Rad Propulsion a funded company?
Rad Propulsion is a funded company, having raised a total of $6.72M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.26M, raised on Feb 12, 2024.
What does Rad Propulsion do?
Rad Propulsion was founded in 2018 by co-founders Daniel Hook and Richard Daltry. The company operates from Fareham, United Kingdom, focusing on the marine sector through boat design and manufacturing processes. Operations include engineering and production of watercraft, with services centered on custom and standard vessel development. The firms domain, radpropulsion.com, supports its activities in the boating industry across the region.
What products or services does Rad Propulsion offer?
Rad Propulsion offers RAD 40 System and RAD Batteries.
Who are Rad Propulsion's investors?
Rad Propulsion has 4 investors. Key investors include Ocean Infinity, OnePlanetCapital, The FSE Group, and unknown.