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Norsepower logo — On a mission to reduce the environmental impact of the shipp...

Norsepower

On a mission to reduce the environmental impact of the shipping industry.

Founded 2012 Finland Finland 87 employees Series C Total: $46.78M Energy, Clean Energy +1

General Information

Company Name Norsepower
Founded Year 2012
Location Finland Finland
Employees 87
Industries Energy, Clean Energy, Energy Efficiency
Funding Stage Series C
Social

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About Norsepower

Norsepower, founded in 2012, is a Finnish company at the forefront of reducing the environmental impact of the shipping industry. By leveraging its expertise in naval architecture and marine engineering, Norsepower aims to decarbonize maritime transportation through innovative wind propulsion solutions.

The company's flagship product, the Norsepower Rotor Sail™, utilizes the power of wind to enhance ship efficiency, leading to significant reductions in global CO2 emissions. This technology, augmented by AI-based systems, underscores Norsepower's commitment to sustainability and the transition to clean energy across the shipping sector.

In its recent financial maneuvers, Norsepower secured a €28.00M Series C investment on 28 March 2023, backed by prominent investors, including Tesi, Mirova, VNT Management, Climate Investment (CI), Ilmastorahasto - The Finnish Climate Fund, and Nefco. This influx of capital highlights the growing confidence in Norsepower's potential to reshape the industry and drive sustainable shipping solutions globally.

Business keywords: environmental sustainability, shipping industry, marine engineering, wind propulsion, sail technology, Norsepower Rotor Sail, decarbonization, clean technology, auxiliary propulsion systems, AI-based technology, CO2 emissions reduction, naval architecture, software-operated systems, green shipping

Services & Products

Norsepower Rotor Sail™ installation
Performance optimization
Global maintenance services
Product delivery and support
Request for case studies
Performance simulation

Target Customers

Tankers Bulk carriers Gas Carriers RoRo Ships Passenger Ships Shipping companies

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Series C €28.00M 6
Tesi Mirova VNT Management
Tesi, Mirova +4
28 Mar 2023
Venture Round €8.00M 1
Climate Investment (CI)
Climate Investment (CI)
23 Sep 2019
Venture Round €3.60M 2
Valve Ventures Cork
Valve Ventures, Cork
19 Nov 2018
Grant €1.58M 1
EASME
01 Jan 2017
Venture Round $2.60M 2
Business Finland
Business Finland, European Commission
24 Aug 2016
Seed Round €3.00M 2
Valve Ventures VNT Management
Valve Ventures, VNT Management
31 Jan 2016

Latest News

View All
Norsepower secures €4.53M to accelerate global scale-up — Tech
Norsepower secures €4.53M to accelerate global scale-up
Tech Jul 22, 2025

Norsepower Alternatives & Competitors

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Norsepower vs
Oklo Inc
Oklo Inc United States

Emission free, always on.

Venture round
143 employees
Energy, Manufacturing
Compare Norsepower vs Oklo Inc
Norsepower vs
Baltic Power
Baltic Power Poland

www.balticpower.pl

110 employees
Energy, Renewable Energy
Compare Norsepower vs Baltic Power
Norsepower vs
Kitemill
Kitemill Norway

Kitemill develop AWE, reducing 90% of materials in a turbine and enables unused wind resources. The...

Equity Crowdfunding
19 employees
Energy, Renewable Energy
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FAQ About Norsepower

On a mission to reduce the environmental impact of the shipping industry.
Norsepower was founded in 2012.
Norsepower is headquartered in Finland.
Norsepower operates in Energy, Clean Energy and Energy Efficiency. Its work centres on environmental sustainability, shipping industry, marine engineering and wind propulsion. Its customers include Tankers, Bulk carriers and Gas Carriers.
Norsepower has approximately 87 employees.
Norsepower has completed 6 funding rounds, raising a total of $46.78M. The latest funding stage is Series C.
Norsepower offers: Norsepower Rotor Sail™ installation, Performance optimization, Global maintenance services, Product delivery and support, Request for case studies, Performance simulation.
Top alternatives and competitors to Norsepower include Oklo Inc, Baltic Power, Kitemill, inewa, Zero Emission Industries. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Norsepower and Oklo Inc are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Norsepower, https://bouncewatch.com/company/norsepower, updated 18 August 2025. When citing, please name BounceWatch and link this page.

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