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Radia

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Radia is building the world's largest aircraft, the WindRunner

Boulder, United StatesFounded 2016Defence
Valuation $1–2.5B Last recorded · 2024
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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About Radia

Radia is a Boulder, Colorado aerospace and energy company developing WindRunner, which it describes as the world's largest aircraft. Founded in 2016 by MIT-trained aerospace engineer and Rhodes Scholar Mark Lundstrom, the company worked in stealth for about seven years before launching publicly in March 2024.

WindRunner is a fixed-wing cargo aircraft designed to fly wind turbine blades longer than 100 meters directly to wind farm sites, landing on short, semi-prepared airstrips. According to Radia, it will have about 12 times the cargo volume of a Boeing 747. Road and rail limits cap onshore blades at about 70 meters. Radia argues that air delivery would allow offshore-scale "GigaWind" turbines on land, lowering energy costs and expanding the land viable for wind farms. Radia also plans to develop wind projects with partners. It is also positioning the aircraft for other outsize cargo, including military airlift, and the project is referenced in the US National Defense Authorization Act.

Radia says it has raised more than $150M from investors including LS Power, ConocoPhillips, Good Growth Capital, Capital Factory and Caruso Ventures. This includes a $65M Series B in 2022 at a reported $1B valuation and a $35M Series C in March 2024. In March 2024 the company said it was raising up to $300M, a round trade press later described as a Series C; as of mid-2026 it was still raising capital to move WindRunner into certification and production. It unveiled the aircraft at the 2025 Paris Air Show. Leonardo, Aernnova and AFuzion are partners on design, engineering and certification. Its Italian unit, Radia Italia, plans manufacturing and final assembly in Grottaglie, Italy. First flight is targeted for 2029, with commercial service expected in the early 2030s.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
Boulder, United States
Employees
83
Open positions
7
Dealroom signal
70.7/100
Industry
Transportation, Energy
Sub-industry
Clean Energy, Vehicle Production
Sector
Defence, Defence Applications, Renewable Energy, DT and LS, Wind Energy, Cargo, NIF freedom of operations and mobility, Climate Tech, Verified Unicorns and $1B Exits
Business model
Manufacturing
Client focus
B2B

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES C✓Equity / VC Mar 2024 $35M $1B Capital Factory · Caruso Ventures · ConocoPhillips · Good Growth Capital ↗
SERIES B✓Equity / VC May 2022 $65M $1B Caruso Ventures ↗
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Growth signals

Radia website traffic

Latest recorded traffic for Radia is 11K monthly website visits, down 50% over the last three months. Radia's team declined 5.7% over the past year.

Latest monthly visits11K 3-month web change-50% 1-year team growth-5.7%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Radia in the Boulder ecosystem

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Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Caruso Ventures

Series B and later6 investors entered at this stage

  • Capital Factory
  • ConocoPhillips
  • Good Growth Capital
  • Lauder Partners
  • Leo Lion
  • LS Power Equity Advisors
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Boulder HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Radia on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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