About Adden Energy
Adden Energy is a company based in Waltham (United States) founded in 2021 by William Fitzhugh. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). Adden Energy has raised $20.15 million across 4 funding rounds from investors including Harvard University, Primavera Capital Group and At One Ventures. Adden Energy offers products and services including Dynamically-Stable Battery and AI-Driven Mobility Solutions. Adden Energy operates in a competitive market with competitors including Ampcera, Safire Technology Group, Ionic Materials, Silatronix and Feon Energy, among others.
- Headquarter Waltham, United States
- Founders William Fitzhugh
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Adden Energy, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20.15 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series A
Aug 30, 2024
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Investors
Harvard University
& 5 more
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Employee Count
Employee Count
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Products & Services of Adden Energy
Adden Energy offers a comprehensive portfolio of products and services, including Dynamically-Stable Battery and AI-Driven Mobility Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Innovative battery technology is developed for electric vehicles.
AI solutions are provided for advanced mobility applications.
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Leadership Team
2 people
Software Development Team
1 people
Co Team
1 people
Product Management Team
1 people
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Funding Insights of Adden Energy
Adden Energy has successfully raised a total of $20.15M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $15.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Adden Energy | Valuation | At One Ventures | |
| Apr, 2024 | Amount | Grant - Adden Energy | Valuation |
investors |
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| Sep, 2022 | Amount | Grant - Adden Energy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adden Energy
Adden Energy has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Harvard University, Primavera Capital Group and At One Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Private equity investments in China are managed by Primavera.
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Founded Year | Domain | Location | |
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Early-stage tech & life sciences focused VC firm investing in geographies such as the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adden Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Adden Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adden Energy Comparisons
Competitors of Adden Energy
Adden Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ampcera, Safire Technology Group, Ionic Materials, Silatronix and Feon Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solid-state electrolyte materials for lithium batteries are developed.
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| domain | founded_year | HQ Location |
Hybrid-state shear thickening battery safety technology is developed.
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| domain | founded_year | HQ Location |
Solid polymer electrolytes for solid-state batteries are developed.
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| domain | founded_year | HQ Location |
Nanostructured electrodes are developed for energy storage applications.
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| domain | founded_year | HQ Location |
Molecule-based liquid electrolytes for lithium batteries are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Adden Energy
Frequently Asked Questions about Adden Energy
When was Adden Energy founded?
Adden Energy was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Adden Energy located?
Adden Energy is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Who is the current CEO of Adden Energy?
William Fitzhugh is the current CEO of Adden Energy. They have also founded this company.
Is Adden Energy a funded company?
Adden Energy is a funded company, having raised a total of $20.15M across 4 funding rounds to date.
What does Adden Energy do?
Adden Energy is engaged in the development of dynamically-stable, self-healing battery technology primarily for electric vehicles. The companys innovations are rooted in discoveries made at Harvard, focusing on solid-state separators and advanced battery components. Solutions are extended to sectors like drones, data centers, and robotics. Emphasis is placed on safety with non-flammable materials, longer driving ranges, and rapid charging capabilities. The technology is aimed at surpassing traditional combustion engines and enabling AI-driven mobility applications.
Who are the top competitors of Adden Energy?
Adden Energy's top competitors include Ampcera, Safire Technology Group and Ionic Materials.
What products or services does Adden Energy offer?
Adden Energy offers Dynamically-Stable Battery and AI-Driven Mobility Solutions.
Who are Adden Energy's investors?
Adden Energy has 6 investors. Key investors include Harvard University, Primavera Capital Group, At One Ventures, Rhapsody Venture Partners, and MassVentures.
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