About Alsym Energy
Alsym Energy is a company based in Woburn (United States) founded in 2015 by Kripa Varanasi, Mukesh Chatter, and Rahul Mukherjee.. Alsym Energy has raised $103.57 million across 3 funding rounds from investors including Tata, General Catalyst and Thrive Capital. Alsym Energy offers products and services including Alsym Green and Energy Storage System. Alsym Energy operates in a competitive market with competitors including Fluence, Connected Energy, Younicos, Redback Technologies and Encell, among others.
- Headquarter Woburn, United States
- Founders Kripa Varanasi, Mukesh Chatter, Rahul Mukherjee
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Alsym 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
$103.57 M (USD)
in 3 rounds
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Latest Funding Round
$78 M (USD), Series B
Feb 07, 2024
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Investors
Tata
& 4 more
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Employee Count
Employee Count
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Products & Services of Alsym Energy
Alsym Energy offers a comprehensive portfolio of products and services, including Alsym Green and Energy Storage System. 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.
Offers high-performance, non-flammable energy storage for grid and industrial use.
Provides flexible, reliable backup power for data centers and defense applications.
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Funding Insights of Alsym Energy
Alsym Energy has successfully raised a total of $103.57M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $78 million completed in February 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 3
- Last Round Series B — $78.0M
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First Round
First Round
(10 Mar 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series B - Alsym Energy | Valuation | Tata , General Catalyst | |
| Dec, 2020 | Amount | Series B - Alsym Energy | Valuation |
investors |
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| Mar, 2020 | Amount | Series A - Alsym Energy | Valuation |
investors |
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| 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 |
Investors in Alsym Energy
Alsym Energy has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Tata, General Catalyst and Thrive Capital. 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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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Early-stage technology startups are invested in by Thrive Capital.
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Founded Year | Domain | Location | |
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Investments are directed toward fintech, cybersecurity, and martech sectors.
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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 Alsym 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 - Alsym 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 |
Alsym Energy Comparisons
Competitors of Alsym Energy
Alsym 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 Fluence, Connected Energy, Younicos, Redback Technologies and Encell, 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 |
Energy storage systems are supplied for industrial renewable applications.
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| domain | founded_year | HQ Location |
Battery energy storage systems are supplied to various industries.
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| domain | founded_year | HQ Location |
Battery parks and microgrid systems
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| domain | founded_year | HQ Location |
Developer of solar power packs for home
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| domain | founded_year | HQ Location |
Nickel-iron batteries are manufactured for stationary energy storage applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Alsym Energy
Frequently Asked Questions about Alsym Energy
When was Alsym Energy founded?
Alsym Energy was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Alsym Energy located?
Alsym Energy is headquartered in Woburn, United States. It is registered at Woburn, Massachusetts, United States.
Who is the current CEO of Alsym Energy?
Mukesh Chatter is the current CEO of Alsym Energy. They have also founded this company.
Is Alsym Energy a funded company?
Alsym Energy is a funded company, having raised a total of $103.57M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.72M, raised on Mar 10, 2020.
What does Alsym Energy do?
Alsym Energy was founded in 2015 and is based in Woburn, United States. Non-flammable battery solutions are developed for electric vehicles, marine vessels, two-wheelers, and stationary storage. Lithium and cobalt are avoided in the battery production process. Operations focus on alternative materials to enhance safety across these sectors, with the company accessible via alsym.com.
Who are the top competitors of Alsym Energy?
Alsym Energy's top competitors include Fluence, Encell and Connected Energy.
What products or services does Alsym Energy offer?
Alsym Energy offers Alsym Green and Energy Storage System.
Who are Alsym Energy's investors?
Alsym Energy has 5 investors. Key investors include Tata, General Catalyst, Thrive Capital, Thomvest Ventures, and DRADS Capital.