# Norsepower

**Source:** https://www.startuphub.ai/startups/norsepower
**Profile type:** Startup

> Develops and manufactures rotor sails for wind-assisted propulsion on ships.

## About

Norsepower is a Finnish company that designs and produces innovative rotor sails, a modern version of the Flettner rotor, to provide wind-assisted propulsion for commercial vessels. Their technology aims to reduce fuel consumption and emissions for ships, contributing to a more sustainable maritime industry.

## Key facts

- **Slug:** norsepower
- **Website:** https://www.norsepower.com/
- **Location:** Helsinki, Finland
- **Founded:** 2012-01-01
- **Employees:** 73
- **Operating status:** Active
- **Total funding:** $498M
- **Sectors / tags:** Climate Tech, Clean Energy, Wind Energy, Maritime Technology, Sustainability, Industrial Automation, Energy Storage
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/norsepower-oy-ltd
  - Twitter: https://x.com/Norsepowerltd

## Frequently asked

### What does Norsepower do?

Norsepower is a Finnish company that designs and produces innovative rotor sails, a modern version of the Flettner rotor, to provide wind-assisted propulsion for commercial vessels. Their technology aims to reduce fuel consumption and emissions for ships, contributing to a more sustainable maritime industry.

### What is Norsepower's revenue?

StartupHub estimates Norsepower's annual revenue at $4.2M (range $2.8M to $12.6M, 62% confidence), based on comparable companies in the sector.

### What is Norsepower's valuation?

StartupHub estimates Norsepower's effective valuation at $2.0B (range $1.2B to $3.0B, 18% confidence), based on comparable companies in the sector.

### How much funding has Norsepower raised?

Norsepower has raised a total of $498M in funding.

### Where is Norsepower headquartered?

Norsepower is headquartered in Helsinki, Finland.

### When was Norsepower founded?

Norsepower was founded in 2012.

### What industry does Norsepower operate in?

Norsepower operates in Climate Tech, Clean Energy, Wind Energy, Maritime Technology, Sustainability, Industrial Automation.

### How many employees does Norsepower have?

Norsepower has approximately 73 people on record.

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