Defense collaboration Ricardo is actively pursuing military vehicle programs in the UK, including LMV and Ranger-based platforms, with partners such as Ford and General Dynamics Land Systems UK. This indicates a growing opportunity for defense-focused engineering, propulsion, power electronics, and system integration services.

GaN and AI The company is developing high-efficiency GaN traction inverters and AI-enhanced control strategies, signaling capabilities in advanced power electronics, propulsion efficiency, and smart control—areas ripe for sales in automotive, defense, and integrated energy systems.

Modular battery Ricardo leads AMBERS, a modular battery platform program with Volklec and Hyperbat, targeting demanding automotive and defense applications. This presents opportunities for battery systems engineering, integration, thermal management, and safety certification services.

Testing partnerships Recent collaboration with Isotta Fraschini Motori for combustion optimization and hardware testing suggests demand for performance optimization, emissions analysis, and reliability testing services for propulsion and powertrain components.

Strategic client footprint With a client base spanning major OEMs, energy firms, financial institutions, and government agencies, Ricardo’s ecosystem supports upsell of cross-disciplinary engineering services, digital analytics, and environmental consultancy to existing large customers seeking end-to-end solutions.