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- Radia
Radia Valuation, Funding & Investors
Radia is valued at $1B as of December 2022.
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
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$1B (Dec 2022)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Dec 2022 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2024 | Series C | ConocoPhillips; Good Growth Capital; LS Power; Capital Factory; Caruso Ventures; Lauder Partners; Leo Lion | $35M | - | - |
| Dec 2022 | Series B | Caruso Ventures | $65M | $1B | Radia 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Dec 2022 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Mar 2024 | ||
This data is available for Pro users. Sign up to see all 7 Radia investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialRadia Competitors
Radia competitors include listed companies like Greencoat Renewables and SP New Energy, and private ones like Ample, Gradiant, Hero Future Energies and Ohmium.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | $130M | $45M | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | ($45M) | ($8M) | $978M | 24.4x | ||
| Publicly listed | $25M | ($46M) | $958M | - |
Radia Public Comps
Radia is still privately-owned, but its public comps include Greencoat Renewables, SP New Energy, XPLR Infrastructure, Jiangsu Zongyi Co, Reliance Power, Banpu Power, Waaree RTL, Alerion CleanPower, Engie Energia Peru and EnergyVision.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| ($45M) | ($8M) | (51.9x) | 24.4x | (278.9x) | 24.6x | |||
| $25M | ($46M) | 103.1x | - | (55.4x) | - | |||
| $1.2B | $607M | 11.8x | 10.7x | 23.0x | - | |||
| $70M | $41M | 16.0x | - | 27.6x | - | |||
| $751M | $278M | 3.2x | - | 8.6x | - | |||
| - | - | - | - | - | - | |||
| $347M | $66M | 2.5x | 1.9x | 13.3x | 10.8x | |||
| $146M | $115M | 14.5x | 6.3x | 18.4x | 8.7x | |||
This data is available for Pro users. Sign up to see all Radia competitors and their valuation data. Start Free Trial | ||||||||
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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