Radia Valuation, Funding & Investors

Radia is valued at $1B as of December 2022.

See full Radia profile

Last Radia valuation

$1B

Series B · Dec 2022

Last Radia funding round

$35M

Series C · Mar 2024

Cumulative funding Radia raised

$100M

across 2 funding rounds

Key investors in Radia

  • Caruso Ventures
  • Capital Factory
  • Good Growth Capital
  • Lauder Partners
  • ConocoPhillips
  • LS Power

Radia Overview

About Radia

Radia develops aerial transportation technology for onshore wind energy maintenance. The company's drone systems enable faster inspections and repairs of turbine blades, reducing downtime and costs compared to crane-based methods. Radia operates from the United States, targeting wind farm operators in North America and Europe to deliver greener electrons through efficient turbine uptime.


Founded

2016

HQ

United StatesBoulder, CO

Website

radia.com

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$1B (Dec 2022)

Radia Valuation

Radia is currently valued at $1B, based on its Series B in December 2022.

The $65M round included Caruso Ventures.

Radia valuation by funding round

Radia valuation by funding round
DateStageValuation
Dec 2022Series B$1B

Radia Funding History

Radia has raised a total of $100M across 2 funding rounds.

Radia's first fundraising round was a $65M Series B in December 2022. The most recent completed round was a $35M Series C in March 2024.

Radia funding rounds

Radia funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2024Series CConocoPhillips; Good Growth Capital; LS Power; Capital Factory; Caruso Ventures; Lauder Partners; Leo Lion$35M--
Dec 2022Series BCaruso Ventures$65M$1BRadia is a developer of clean-energy infrastructure. The company raised $65 million in May 2022 from Caruso Ventures at a post-money valuation of $1 billion.

Who has invested in Radia?

7 investors have backed Radia across its funding rounds, including Caruso Ventures, Capital Factory, Good Growth Capital, Lauder Partners, ConocoPhillips and LS Power.


Radia Investors

Investors in Radia by funding rounds participated
InvestorHQRoundsRoleFirst check
Caruso VenturesUnited StatesBoulder, CO2ParticipantDec 2022
ConocoPhillipsUnited StatesHouston, TX1ParticipantMar 2024
Good Growth CapitalUnited StatesCharleston, SC1ParticipantMar 2024
LS PowerUnited StatesNew York City, NY1ParticipantMar 2024
Capital FactoryUnited StatesAustin, TX1ParticipantMar 2024

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Radia Competitors

Radia competitors include listed companies like Greencoat Renewables and SP New Energy, and private ones like Ample, Gradiant, Hero Future Energies and Ohmium.

Public and private companies comparable to Radia
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AmpleUnited StatesSan Francisco, CAPrivate--$1B-
GradiantUnited StatesBoston, MAPrivate--$1B-
Hero Future EnergiesIndiaNew DelhiPrivate$130M$45M$1B-
OhmiumUnited StatesLake Tahoe, NVPrivate--$1B-
Greencoat RenewablesIrelandIrelandPublicly listed($45M)($8M)$978M24.4x
SP New EnergyPhilippinesPhilippinesPublicly listed$25M($46M)$958M-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Greencoat Renewables($45M)($8M)(51.9x)24.4x(278.9x)24.6x
SP New Energy$25M($46M)103.1x-(55.4x)-
XPLR Infrastructure$1.2B$607M11.8x10.7x23.0x-
Jiangsu Zongyi Co$70M$41M16.0x-27.6x-
Reliance Power$751M$278M3.2x-8.6x-
Banpu Power------
Waaree RTL$347M$66M2.5x1.9x13.3x10.8x
Alerion CleanPower$146M$115M14.5x6.3x18.4x8.7x

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Common questions about Radia

When was Radia founded?Radia was founded in 2016.
Where is Radia headquartered?Radia is headquartered in Boulder, CO, United States.
Is Radia publicly listed?No, Radia is a private, VC-backed company.
What is Radia's valuation?Radia was last valued at $1B in its Series B in December 2022.
How much funding has Radia raised?Radia has raised $100M across 2 funding rounds.
What was Radia's last funding round?Radia's last funding round was a $35M Series C in March 2024.
Who are Radia's investors?Radia's investors include Caruso Ventures, ConocoPhillips, Good Growth Capital, LS Power, Capital Factory, Lauder Partners and Leo Lion.
Which companies are comparable to Radia?Companies comparable to Radia include Ample, Gradiant, Hero Future Energies, Ohmium, Greencoat Renewables and SP New Energy.

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