RAD Propulsion, an innovative and sustainable marine technology company, has secured a £1,000,000 investment from Ocean Infinity, a robotic solutions marine technology business.
The investment is part of a raise round to facilitate RAD’s rapid operational scale up as the company’s RAD 40 electric drive goes into mass production and new product development accelerates.
RAD was established by a team of UK engineer and tech entrepreneurs. The team has extensive and varied experience in marine product development – from radars to remote controlled waterborne robots – with a proven track record of deploying cutting edge technology into the marine environment.
RAD Propulsion aims to cut carbon emissions in the maritime industry by producing top quality products that are quieter, smarter, easier to use and that people will be proud to own.
Oliver Plunkett, CEO Ocean Infinity said: “Ocean Infinity firmly believes that developing and deploying innovative technology is key to reducing environmental impacts of operations at sea. Our relationship with RAD Propulsion will accelerate the adoption of electric propulsion in the marine world – an important step in the transition away from reliance on fossil fuels. The opportunity for this rapidly growing business to have a major impact on the future environmental footprint of the marine industry is truly exciting.”
