Marine technology company, RAD Propulsion, has successfully closed a £4.27m investment round led by One Planet Capital, Ocean Infinity, The FSE Group and High Growth Robotics, supported by Blake Morgan LLP, Fair Advisers and existing investors. The raise, comfortably exceeding the initial target of £2.5m, will ramp up the company’s operational scale up as its […]
Southampton-based RAD Propulsion has been chosen to partner with custom naval architecture Stephens Waring Design, which is based in Maine, US, on an exclusive project to produce a new 26ft electric commuter boat launching in autumn 2024. Stephens Waring’s client requires an electric powered vessel that has ‘plenty of utility, performance, and dependability’. Ease of […]
RAD Propulsion, a British firm developing sustainable outboards, has secured £1m investment from marine robotics firm Ocean Infinity. The investment is part of a funding round to facilitate RAD’s operational scale-up as its RAD 40 electric drive goes into mass production. This is a pivotal year for RAD, which sees its products become available to […]
Rich Daltry, RAD co-founder, doesn’t shy away from environmental challenges facing the maritime sector. He says: “The marine industry is a major emitter of CO2, and an average boat engine produces ten times the CO2 of a car per km.” That’s why his company launched its RAD 40 — electric drive — at METS 2022 […]
RS Electric Boats has announced that the new iteration of the Pulse 63, featuring a RAD40 (electric propulsion system) and increased battery capacity from 46kWh to 63kWh, will be on the market from August 2023. The company’s calculated that the integral RAD40 offers 45 per cent more efficiency than the previous configuration, which was already […]
A Hampshire-based tech start-up has successfully applied for £300,000 worth of funding from Innovate UK. RAD Propulsion manufactures bespoke electric propulsion systems for all types of marine applications, from kayaks to zero emission vessels. The funding is for two work streams in relation to sustainability and the electric revolution. RAD says it is developing the […]