Norsepower Oy: Funding, Investors & Team (Sep 2026)
Norsepower Oy is a Finnish company that specializes in creating renewable wind energy for the global maritime industry through clean technology and engineering. Their auxiliary wind propulsion systems are low-maintenance, software operated, and verified by data. They were established in November 2012 and have received over $6 million USD in funding to develop, test, and pilot their Rotor Sail Solution. Key investors include Power Fund III, Lifeline Ventures Oy, Finnvera Oyj, and Wate Oy, with additional funding from Tekes – the Finnish Funding Agency for Technology and Innovation.
Norsepower Oy has raised $30.3M across 1 funding round on record, the most recent a Series C of $30.3M announced in Mar 2023.
That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Norsepower Oy Company Profile and Key Stats
Latest funding round on record: Mar 2023.
Norsepower Oy Funding Rounds
Norsepower Oy Founders and Leadership Team
No contact details are on record for this team yet.
Norsepower Oy Funding Compared to Other Energy Startups
Norsepower Oy's latest round of $30.3M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Norsepower Oy Funding FAQs
What does Norsepower Oy do?
Norsepower Oy is a Finnish company that specializes in creating renewable wind energy for the global maritime industry through clean technology and engineering. Their auxiliary wind propulsion systems are low-maintenance, software operated, and verified by data. They were established in November 2012 and have received over $6 million USD in funding to develop, test, and pilot their Rotor Sail Solution. Key investors include Power Fund III, Lifeline Ventures Oy, Finnvera Oyj, and Wate Oy, with additional funding from Tekes – the Finnish Funding Agency for Technology and Innovation.
How much funding has Norsepower Oy raised?
Norsepower Oy has raised $30.3M across 1 round on record. The most recent is a Series C of $30.3M announced in Mar 2023.
When did Norsepower Oy last raise funding?
Norsepower Oy's most recent funding round on record is a Series C of $30.3M, announced in Mar 2023.
Who is the CEO of Norsepower Oy?
Tuomas Riski is listed as CEO at Norsepower Oy.
Where is Norsepower Oy headquartered?
Norsepower Oy is based in Helsinki, Southern Finland, Finland.
How many employees does Norsepower Oy have?
Norsepower Oy is in the 11-50 employee band.
How does Norsepower Oy's funding compare to other Energy startups?
Norsepower Oy's latest round of $30.3M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Norsepower Oy Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Norsepower Oy is left off this page rather than filled in.
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