The follow-on funding round was led by OnePlanetCapital to support operational expansion and the rollout of the RAD 40 electric drive.
"RAD Propulsion is building momentum quickly with sought after products. The industry buy-in is snowballing and with an experienced team at the helm in Dan Hook and Richard Daltry the business is on an upward trajectory that we are thrilled to be part of"
The funding round was led by Pale blue dot with participation from Nucleus Capital and Intercalation.
"The new EU Batteries Regulation is necessary to ensure the sustainability of an industry that is essential to transitioning our economy away from fossil fuels. We invested in Infyos because they have the perfect blend of innovation and expertise to guide battery players through this complicated landscape."
The pre-seed round features backing from technology executives Jim Hodgkins and Mark Khoury ahead of the platform launch.
"It’s clear the smart money is on companies that not only help consumers live their values, but provide investors with long-term sustainable returns. I’m pleased to be welcoming Jim Hodgkins and Mark Khoury as investors at a hugely exciting time for the company. Canopey is the only platform that rigorously verifies green claims and provides customers data on their shopping in this way."