Norsepower
Reduces the environmental impact of shipping by providing efficient, easy to use and reliable auxiliary wind propulsion for ships.
| Date | Investors | Amount | Round |
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| investor investor investor investor investor | €0.0 | round | |
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| investor investor investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
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| investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
* | N/A | €4.5m Valuation: €140m | Late VC |
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 903 % | (40 %) | 77 % | 399 % | (52 %) | 65 % | (51 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 2 % | (81 %) | (112 %) | (16 %) | (99 %) | (104 %) | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (81 %) | (230 %) | (252 %) | (45 %) | (160 %) | (130 %) | 11 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 203 % | 170 % | 96 % | 96 % | - | - | - |
Source: Company filings or news article
Related Content
Norsepower Oy Ltd. is a Finnish clean technology and engineering company that provides auxiliary wind propulsion systems for the global maritime industry. The company's main product is the Norsepower Rotor Sail™, a modernized version of the Flettner rotor. This technology uses rotating cylinders to harness wind power and generate thrust, which reduces the main engine load and, consequently, fuel consumption and emissions. By integrating this system, Norsepower aims to decarbonize the shipping industry, offering a solution that can be installed on new vessels or retrofitted onto existing ones.
The company serves a range of clients in the maritime sector, including cargo ship owners and operators who are looking to improve their operational efficiency and environmental performance. The business model is centered on the manufacturing and sale of these rotor sails. The market is the global shipping industry, which is under increasing pressure to reduce its carbon footprint. Norsepower generates revenue through the sale of its Rotor Sail™ units and related services.
Keywords: wind propulsion, rotor sail, maritime technology, fuel efficiency, decarbonization, shipping industry, clean technology, Flettner rotor, vessel efficiency, marine engineering
Tech stack
Investments by Norsepower
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