About Alight
Alight is a company based in Stockholm (Sweden) founded in 2013 by Richard Nicolin was acquired by DIF in November 2022. It operates as a Green Energy-as-a-Service. Alight has raised $14 million across 2 funding rounds from investors including CVC DIF, Infranode and Gullspång Invest. Alight offers products and services including Onsite Solar and Offsite Solar. Alight operates in a competitive market with competitors including Turn Energy, Dalenbergs, Prosumenten, Takrekond and Kalema E-Mobility AB, among others.
- Headquarter Stockholm, Sweden
- Founders Richard Nicolin
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Alight Ab
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Products & Services of Alight
Alight offers a comprehensive portfolio of products and services, including Onsite Solar and Offsite Solar. 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.
Solar panels are installed onsite for direct power consumption.
Electricity is sourced from offsite solar parks for operations.
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Funding Insights of Alight
Alight has successfully raised a total of $14M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $11.3 million completed in May 2017. 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 2
- Last Round Series B — $11.3M
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First Round
First Round
(19 Oct 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2017 | Amount | Series B - Alight | Valuation | Infranode |
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| Oct, 2015 | Amount | Series A - Alight | Valuation | Gullspang Invest |
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| 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 |
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Investors in Alight
Alight has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include CVC DIF, Infranode and Gullspång Invest. 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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Nordic infrastructure investments are managed by Infranode with responsibility.
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Investment partnerships are formed with entrepreneurs for global progress.
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Investments in infrastructure assets are managed by DIF firm.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Alight
| 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 - Alight
| 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 |
Alight Comparisons
Competitors of Alight
Alight 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 Turn Energy, Dalenbergs, Prosumenten, Takrekond and Kalema E-Mobility AB, 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 |
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| domain | founded_year | HQ Location |
Renewable energy company that develops, operates, and owns independent solar parks, generating clean energy on leased land
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Solar panel installation services are provided in Sweden.
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Solar panel installation services are provided in Hedemora, Sweden.
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Solar panel installation services are provided by the company.
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Provider of solar panel installation services
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Alight
Frequently Asked Questions about Alight
When was Alight founded?
Alight was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Alight located?
Alight is headquartered in Stockholm, Sweden.
Is Alight a funded company?
Alight is a funded company, having raised a total of $14M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2.7M, raised on Oct 19, 2015.
What does Alight do?
Solar energy projects are developed, owned, and operated by Alight across Europe. Onsite and offsite solar solutions are offered to energy-intensive businesses at low, fixed costs through power purchase agreements (PPAs). The focus is placed on accelerating the transition to sustainable energy, independent of government funding or subsidies. A target of 5 GW installed capacity is set to be achieved by 2030. Operations span multiple European countries, supporting corporations in reducing carbon footprints.
Who are the top competitors of Alight?
Alight's top competitors include SolarFuture, Energihem and Prosumenten.
What products or services does Alight offer?
Alight offers Onsite Solar and Offsite Solar.
Who are Alight's investors?
Alight has 3 investors. Key investors include CVC DIF, Infranode, and Gullspång Invest.
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