RAD Secures £4.4 Million Funding to Enhance Autonomous Marine Technology and Electric Propulsion Systems
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RAD, a marine technology firm, has successfully raised £4.4 million in funding to accelerate the commercialization of its autonomous vessel technologies and expand its electric propulsion systems. This funding round, led by Mercia Ventures, comes after a year of significant product development and customer engagement, including the launch of the Axon open systems architecture for uncrewed vessels at the Combined Naval Event in May 2026.
The funding is crucial as RAD aims to capitalize on the growing demand for flexible and scalable marine solutions in both defense and commercial sectors. The Axon architecture allows for rapid development and integration of uncrewed vessel capabilities, which is expected to enhance operational efficiency and reduce vendor lock-in for operators. With this investment, RAD is positioned to lead the electrification shift in marine technology, similar to trends seen in road transport.
Looking ahead, RAD plans to utilize the funds for international expansion, including establishing a presence in the U.S. market, and further developing its electric propulsion systems and energy management technologies. The company is also focused on enhancing its engineering capabilities to meet the increasing demand from its diverse customer base. No further timeline was disclosed at the time of publication.
Original report
RAD Raises £4.4million to Accelerate Commercialisation of Autonomous Marine Technology and Expand its Electric Propulsion Systems Portfolio
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