The follow-on funding round was led by OnePlanetCapital to support operational expansion and the rollout of the RAD 40 electric drive.
RAD Propulsion
RAD Propulsion builds next generation electric drives and smart marine technology for watercraft.
RAD Propulsion develops advanced marine electrification products, including electric outboard drives built on scalable digital architecture.
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Cash at bank
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Net current assets
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Total assets less current liabilities
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Net assets
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Shareholders' funds
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Fixed assets
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Cash, assets and headcount from RAD Propulsion's latest Companies House filing — with year-on-year movement, free with a Winfred account.
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Team
Dan Hook
CEO
Dan brings marine and ocean technology experience, having served as chief executive of RAD Propulsion and managing director and chief technology officer at Ocean Infinity. He also holds directorships at RAD Propulsion and the National Oceanography Centre.
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Richard Daltry
Richard brings maritime engineering and technical leadership experience from roles at Ocean Infinity, RAD Propulsion, and ASV Global.
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