Rafnar
- Company typePrivate
- Founded2005
- HeadquartersKópavogur, Iceland
- Headcount11–50
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
Rafnar firmographics
Firmographics- Name
- Rafnar
- Legal name
- Rafnar ehf.
- Website
- https://rafnar.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Rafnar industry classification
Industry- Product category
- Marine Vessel Manufacturing
- NAICS
- Boat Building (336612), Ship Building and Repairing (336611), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)
- SIC
- Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Patrol, Interceptor & Law-Enforcement Craft (Coast Guard, Customs) (IMAJADAD)
- akta.pro secondary industries
- Day Cruiser, Bowrider & Runabout Manufacturing (IMAJAEAI), Landing Craft & Amphibious Workboats (LCM/LCT-style, Beaching Craft) (IMAJADAK)
Keywords
Where Rafnar is headquartered
LocationHeadquarters
- HQ city
- Kópavogur
- HQ country
- Iceland
- HQ region
- Europe
Offices8 records
Markets served
Rafnar business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Boat Sales: Direct sale of professional and leisure boats to end customers including coast guards, naval agencies, SAR teams, special forces, and recreational users. Both one-time capital purchases with various configurations and customization options.
- ÖK Hull Licensing: Rafnar licenses its unique and patented hull technology to builders who want the incredible foundation the ÖK Hull offers. Royalty-based licensing model for qualified manufacturing partners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom boat pricing based on model and configuration |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Rafnar product offering
Product offeringCore offering
Rafnar designs, manufactures, and sells professional and recreational boats built on its proprietary patented ÖK Hull-and-keel technology, offering a model range from 850 to 2000 in Open, Cabin, Cross, and T-top configurations. The company serves coast guards, naval agencies, SAR teams, and special forces through its Professional line, and recreational users and superyacht tenders through its Leisure line. Rafnar also licenses its patented ÖK Hull technology on a royalty basis to qualified boat builders internationally, and develops autonomous unmanned surface vehicle (USV) capabilities with defense technology partners.
Product overview
Rafnar is an Icelandic maritime technology and production company that manufactures boats built on its proprietary patented ÖK Hull technology. The company offers two main product lines: Professional (for coast guards, SAR teams, naval operations, and special forces) and Leisure (for recreation and passenger transport). The Professional range includes models 850, 900, 1100, 1200, 1500, and 2000 in various configurations (Open, Cabin, Cross, T-top). The Leisure range shares similar model numbers with configurations suited for comfort and recreation. All boats feature the ÖK Hull providing 95% reduction in slamming impact and exceptional seakeeping. Production facilities are located in Iceland, Greece, Turkey, and USA.
Differentiator
Problem solved
Functional benefit
Products and services
- Rafnar 850 Professional Compact professional-grade boat for security services, coast guard, SAR, and tactical users. Built on the ÖK Hull for 95% reduction in slamming impact and exceptional agility in demanding maritime conditions.
- Rafnar 900 Professional Professional Open-configuration boat designed for demanding maritime conditions, offering superior seakeeping and reduced slamming for coast guard and tactical operators.
- Rafnar 1100 Professional Mid-size professional boat available in Cabin, Open, and Cross configurations, used by coast guards, navies, and tactical teams operating in extreme conditions.
- Rafnar 1200 Professional Larger professional boat available in Cabin, Cross Cabin, and Open variants; the vessel class operated by the Icelandic Coast Guard in extreme North Atlantic conditions.
- Rafnar 1500 Professional Large professional vessel launched in autumn 2025, designed for extended maritime operations with excellent load carrying capabilities, suited to coast guard, naval, and tactical users.
- Rafnar 2000 Professional Flagship professional vessel launched in autumn 2025, built for the most demanding maritime professional applications requiring range, payload, and extreme-condition operability.
- Rafnar Leisure Range Recreational boats for day cruising, island hopping, and use as superyacht tenders, based on the same ÖK Hull technology as professional models and configured for passenger comfort with spacious cabins.
- ÖK Hull Technology Licensing Royalty-based licensing of Rafnar's patented ÖK Hull-and-keel technology to qualified boat builders who want to manufacture vessels on the same hull platform. Production partners include Rafnar Hellas in Greece (since 2018) and VN Yachts in Turkey (since 2022).
- Rafnar USV Platform (Autonomous / Remote-Controlled) Unmanned surface vehicle (USV) platform built on the ÖK Hull with advanced autonomous and remote-controlled capabilities for maritime surveillance, mine countermeasures, and tactical operations; lower operational costs and improved personnel safety versus manned patrols.
Quantifiable outcome
- 95% reduction in slamming impact compared to traditional Deep-V Hull designs
- +4 more outcomes
Companies that use Rafnar
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles4 records
Rafnar technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Rafnar partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- HavelsancoreTurkish technology firm collaborating with Rafnar on advanced autonomous and remote-controlled capabilities for unmanned surface vehicles (USVs). Havelsan developed the ADVENT ROTA C4ISR system used in the SANCAR MCM USV platform. The collaboration focuses on bringing autonomous maritime capabilities to Rafnar boats.
- VN MaritimecoreTurkish maritime company working with Rafnar on unmanned surface vehicle technology with advanced autonomous and remote-controlled capabilities. VN Maritime is part of the collaboration that resulted in vehicles attracting global customers for maritime surveillance operations.
- VN YachtscoreRafnar's manufacturing partner in Turkey. VN Yachts started production of Rafnar boats in Istanbul in cooperation with Rafnar Iceland in 2022. Also serves as dealer (VN Yachts Istanbul, Turkey) in the partner network.
- Rafnar HellascoreRafnar's Greek subsidiary and manufacturing partner. Greece became the first country to have its own Rafnar production facility when Rafnar Hellas was founded in 2018. Located in Keratea, Greece.
- Icelandic Coast GuardcoreCollaboration with the Icelandic Coast Guard during the 10-year development of the ÖK Hull technology. This partnership with elite maritime professionals ensured every aspect of the design was tested and refined under the most demanding real-world conditions in Iceland's extreme North Atlantic environment.
- ICE-SAR (Icelandic Search and Rescue Association)coreLong-standing collaboration with ICE-SAR during the development phase of Rafnar boats. Ice-SAR is the Icelandic Search and Rescue Association. Extensive cooperation helped ensure boats were tested in real-world search and rescue operations.
- LHGminorCollaboration beginning in 2011 with long and fruitful cooperation with LHG (possibly Landhelgisgæsla Íslands / Icelandic Coast Guard Service). Part of the early development ecosystem.
Scale indicators4 records
Recent moves8 records
Expansion highlights5 records
Rafnar competitors and assessment
Company assessmentDirect peers
- SAFE Boats International: US-based manufacturer of patrol and law-enforcement boats supplied to coast guards, police and special operations units — a direct competitor in the professional patrol craft segment Rafnar targets.
- Fassmer: German shipyard producing fast patrol boats, SAR vessels and special-purpose craft for coast guards and navies — directly comparable professional/government segment with strong European footprint.
- Umoe Mandal: Norwegian builder of high-speed patrol and crew-transfer vessels, often in aluminum, for offshore, defense and coast guard customers — comparable product category in demanding northern-sea conditions.
Broad incumbents
- Damen Shipyards Group: Major European shipbuilder with a large portfolio of patrol vessels, interceptors and fast crew suppliers for coast guards and navies; competes with Rafnar on government contracts but at much greater scale and breadth.
- Brunswick Corporation: Diversified recreational and marine-products conglomerate whose Boston Whaler brand competes in the patrol/leisure crossover segment; broader portfolio and significantly greater scale.
- Sunseeker International: UK luxury yacht builder with a superyacht-tender presence; comparable to Rafnar's Leisure product line in the premium recreational segment, though much larger and brand-driven.
- Hatteras Yachts: Long-established US builder of recreational and convertible motor yachts; comparable leisure/cabin-cruiser segment with similar premium positioning but significantly higher volume.
- Viking Yachts: US sportfishing and luxury motor yacht builder; competes in the high-end recreational segment that overlaps with Rafnar's Leisure range for demanding conditions.
Emerging players
- Sealegs International: New Zealand maker of amphibious boats; smaller-scale niche player pursuing recreational and tactical amphibious use cases — adjacent technology positioning with some segment overlap.
Others
- Havelsan: Turkish defense software and systems integrator with which Rafnar has a strategic USV partnership; included as an ecosystem peer reflecting the autonomous maritime defense integration that increasingly defines Rafnar's defense value proposition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Rafnar social profiles
Digital presenceRafnar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rafnar leadership team
Management profileNumber of profiles
Profiles1 record
Rafnar subsidiaries and ownership
Company hierarchySubsidiaries1 record
Rafnar funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rafnar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rafnar
What does Rafnar do?
Rafnar designs, manufactures, and sells professional and recreational boats built on its proprietary patented ÖK Hull-and-keel technology, offering a model range from 850 to 2000 in Open, Cabin, Cross, and T-top configurations. The company serves coast guards, naval agencies, SAR teams, and special forces through its Professional line, and recreational users and superyacht tenders through its Leisure line. Rafnar also licenses its patented ÖK Hull technology on a royalty basis to qualified boat builders internationally, and develops autonomous unmanned surface vehicle (USV) capabilities with defense technology partners.
Is Rafnar a public or private company?
Rafnar is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Rafnar founded?
Rafnar was founded in 2005. It employs 11 to 50 people.
Where is Rafnar based?
Rafnar is headquartered in Kópavogur, Iceland, in the Europe region.
How does Rafnar make money?
Two revenue lines are on record. Boat Sales are the primary driver. The others are ÖK Hull Licensing.
Who are Rafnar's main competitors?
Direct peers on record are SAFE Boats International, Fassmer and Umoe Mandal. Broad incumbents are Damen Shipyards Group, Brunswick Corporation, Sunseeker International, Hatteras Yachts and Viking Yachts. Sealegs International is listed as an emerging player. Havelsan is listed as an others.
Does Rafnar have an API?
No public API is recorded for Rafnar.
What industry is Rafnar in?
Rafnar's product category is Marine Vessel Manufacturing. Its primary akta.pro industry code is IMAJADAD, Patrol, Interceptor & Law-Enforcement Craft (Coast Guard, Customs), with a secondary code of IMAJAEAI, Day Cruiser, Bowrider & Runabout Manufacturing. Its NAICS code is 336612 and its SIC code is 3730.