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$5.9M in new capital is heading to RAD Propulsion, the marine technology firm building smarter, more capable vessels through electric propulsion and autonomous control. The investment comes from Mercia Ventures.
RAD Propulsion specializes in integrating advanced drive systems with its AXON onboard autonomy and control platform, offering a unified solution for both crewed and uncrewed vessels in commercial and specialist applications.
A UK electric propulsion builder just raised £4.4m to bet on autonomous boats. Here's why that matters for every marina. RAD Propulsion, the UK-based maker of electric outboards and marine autonomy systems, has closed a £4.4 million funding round led by Mercia Ventures.
The money is earmarked for commercializing Axon, RAD's open-architecture platform for uncrewed vessels, and for expanding the electric propulsion portfolio that already powers commercial, leisure, and defence customers. It's a modest number by tech standards, but it lands at a telling moment: RAD only launched Axon two months ago at the Combined Naval Event, and investors moved fast. The bigger s
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Largest funding rounds in Robotics on Signalbase right now.
| # | Company | Round | Amount | Date |
|---|---|---|---|---|
| 1 |  AIDIN ROBOTICS China | Series b | $15.0B | 1y ago |
| 2 |  AGIBOT China | Seed | $6.0B | 6mo ago |
| 3 |  Figure United States | Unknown | $3.2B | 3mo ago |
| 4 |  Bedestrian United States | Pre-seed | $2.1B | 1y ago |
| 5 |  Lumentum United States | Unknown | $2.0B | 4mo ago |
Companies that recently closed a Unknown round.
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| 1 | Nscale United Kingdom | Unknown | $860.0M | today |
| 2 |  Wildfire Energy Australia | Unknown | $3.2M | today |
| 3 |  Partior Singapore | Unknown | $35.0M | today |
| 4 |  Hi-P Electronics Limited United States | Unknown | $74.1M | today |
| 5 |  Igloo Singapore | Unknown | $5.0M | today |
