Norsepower

Norsepower

Private
HelsinkiEnergy & Sustainabilityhttps://norsepower.com

Last Round

Series C

Extension

Jul 22, 2025

Total Funding Raised

$49.4M

Momentum Score

25 /100

Company Overview

Norsepower is a clean technology and engineering company that provides auxiliary wind propulsion systems for the global shipping industry.

Sector

Energy & Sustainability

Verticals

Maritime & Shipping, Clean Transportation, Renewable Energy, Energy Management

Business Model

B2B

Customer Profile

Hardware Sales, Services & Consulting, Hardware + Subscription, Government Contracts

AI Layer

Application

Keywords

rotor sailwind assisted propulsionFlettner rotorship decarbonizationfuel saving technologymaritime cleantechgreen shippingship retrofittingMagnus effectIMO complianceAI control systemmechanical sailsWASP

Historical Pricing

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Caplight Momentum Score

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Norsepower Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Norsepower Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series C ExtensionJul 22, 2025
Series CMar 28, 2023
DebtJan 30, 2023
VC RoundNov 15, 2018
GrantAug 24, 2016
VC Round
Jan 29, 2016

Key People

Founding team and executive leadership

Heikki Pöntynen

Chief Executive Officer

Executive Team

Minna Ilveskoski

Chief Financial Officer

Executive Team

Jarkko Väinämö

Chief Operating Officer, CTO

Executive Team

Norsepower Investors

Notable investors and investment history

InvestorRounds
The Finnish Climate FundSeries C Extension, Series C, Debt
TesiSeries C
KorkiaVC Round
Climate InvestmentSeries C
European CommissionGrant
MirovaSeries C
Lifeline VenturesVC Round

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 27, 2026

    Cooperation agreement signed with Cosco Shipping Heavy Industry Equipment.

  • Mar 19, 2026

    Launched third-generation rotor sail with aerodynamic improvements.

Norsepower Filings

SEC and related filings with document metadata.

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Norsepower Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Norsepower's valuation, stock price, and market status.

Firmographic Details

HeadquartersHelsinki
Employee Range78
Year Founded2012
Last FundingJul 22, 2025

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