About Applied Energy
Applied Energy is a company based in India founded in 2008. It operates as a B2B and SaaS. Applied Energy has raised $82.79 million across 4 funding rounds from investors including Bessemer Venture Partners, International Finance Corporation and Capricorn Investment Group. Applied Energy offers products and services including Energy Software Platform and Integrated Energy Solutions. Applied Energy operates in a competitive market with competitors including SolarSquare, Oorja, ZunRoof, Oorjan and MinionLabs, among others.
- Headquarter India
- Stage Minicorn
- SectorsTechnologyEnergy & Utilities
- Email••••••••
- Website appliedenergytechnologies.com
- Legal Name Applied Energy Technologies P Limited
- Annual Revenue$77.72 M (USD)0as on Mar 31, 2023
- Total Equity Funding$82.79M (USD)
in 4 rounds
- Latest Funding Round$40M (USD), Series D
May 2015
- InvestorsBessemer Venture Partners
& 3 more
Associated legal entities of Applied Energy
Applied Energy is associated with 4 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ast Telecom Solar Private Limited CIN U74900DL2013PTC248470 | Active | 19 Feb 2013 | New Delhi, Delhi | ₹625 Cr | 146 | 3 | View details |
| Applied Solar Projects Private Limited CIN U40106DL2011PTC223918 | Active | 19 Aug 2011 | New Delhi, Delhi | – | – | 2 | View details |
| Applied Solar Power Management Private Limited CIN U40106DL2011PTC224287 | Active | 29 Aug 2011 | New Delhi, Delhi | ₹1.0 Cr | 25 | 4 | View details |
| Applied Energy Technologies Private Limited CIN U70102DL2008PTC226945 | Active | 29 Dec 2008 | New Delhi, Delhi | ₹702 Cr | 33 | 5 | View details |
Products & Services of Applied Energy
Applied Energy offers a comprehensive portfolio of products and services, including Energy Software Platform and Integrated Energy Solutions.
AI/ML platform for optimizing renewable energy solutions
End-to-end services from design to maintenance for sustainability
Funding Insights of Applied Energy
Applied Energy has successfully raised a total of $82.79M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $40 million completed in May 2015. 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 $82.79M
- Total Rounds 4
- Last Round Series D — $40M
- First Round $5M
(Oct 2009)
- Investors Count 4
All 4 funding rounds of Applied Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2015 | $40M | Series D | $203.46M | Future Fund | |
| Jan 2012 | $25.54M | Series C | $96.96M | Capricorn | |
| May 2010 | $12.26M | Series B | $••••• | IFC | |
| Oct 2009 | $5M | Series A | $••••• | Bessemer Venture Partners | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2015 | $203.46M | •••••••• |
| Jan 2012 | $96.96M | •••••••• |
| May 2010 | $••••• | •••••••• |
| Oct 2009 | $••••• | •••••••• |
Full valuation and stage history of Applied Energy
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
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Verified entity values are shown only after access is granted.
Last known valuation $203.46M (May 2015). 4 investors in total: 4 institutional.
Investors in Applied Energy
Applied Energy has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, International Finance Corporation and Capricorn Investment Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | - | |
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Sustainable investment solutions are provided by Capricorn Investment Group. | – | capricornllc.com | Palo Alto, United States | |
Sovereign Wealth Fund of Government of Australia | – | futurefund.gov.au | Melbourne, Australia |
Investor details for Applied Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Applied Energy
The boards of the 4 registered companies of Applied Energy currently have 7 directors; the longest-serving is Dipender Saluja, appointed in 2010. 32 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dipender Saluja DIN 03272554 | Nominee Director | 08 Dec 2010 | 15 yrs 10 mo | Applied Energy Technologies Private Limited |
| Kapil Kumar Kathpalia DIN 02567813 | Director | 19 Aug 2011 | 15 yrs 1 mo | Applied Solar Projects Private Limited, Applied Energy Technologies Private Limited, Ast Telecom Solar Private Limited |
| Vinod Kumar Agarwal DIN 02103176 | Director | 19 Aug 2011 | 15 yrs 1 mo | Applied Solar Projects Private Limited, Applied Energy Technologies Private Limited, Ast Telecom Solar Private Limited |
| Nithin Krishna Kaimal DIN 05253046 | Nominee Director | 28 Sep 2022 | 4 yrs | Applied Energy Technologies Private Limited |
| Sanah Kamal DIN 08355560 | Director | 18 Sep 2023 | 3 yrs | Applied Solar Power Management Private Limited |
| Syed Fahad DIN 01865406 | Director | 21 Sep 2023 | 3 yrs | Applied Solar Power Management Private Limited |
| Himanshu Raj DIN 10731260 | Director | 07 Aug 2024 | 2 yrs 2 mo | Applied Solar Power Management Private Limited |
Financials of Applied Energy
Figures of Applied Solar Power Management Private Limited, the primary company behind Applied Energy, for FY 2025. Revenue was ₹96.4 Lakh (-7% year on year). Net profit was ₹61.1 Lakh (63% margin). EBITDA was ₹87.2 Lakh (90% margin). Revenue has grown at a compounded annual rate of -3% over three years and -4% over five years.
- ₹96.4 LakhRevenue · FY 2025 · -7% YoY
- ₹61.1 LakhNet profit · 63% margin
- ₹87.2 LakhEBITDA · 90% margin
- ₹12.40 CrPaid-up capital
- 25Employees (provident fund records)
- -3%Revenue CAGR, 3 years
- -4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Applied Solar Power Management Private Limited are on its company page.
Detailed financial statements for Applied Energy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of Applied Energy
4 dated milestones of Applied Energy across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Applied Energy is founded.
- Funding First funding round of $5.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series D, of $40.0M.
Competitors of Applied Energy
Applied 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 SolarSquare, Oorja, ZunRoof, Oorjan and MinionLabs, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| solarsquare.in | 2015 | Mumbai, India | $61.07M | 1,463 | Provider of solar panel installation services | |
| oorjasolutions.org | 2016 | Delhi, India | $2.51M | – | Solar-powered irrigation and tech services for farmers are provided. | |
| zunroof.com | 2016 | Gurugram, India | $17.97M | 73 | Provider of solar panel installation and O&M services | |
| oorjan.com | 2014 | Mumbai, India | $655,037 | 85 | Solar project financing and development | |
| minionlabs.tech | 2016 | Bengaluru, India | $330,310 | 2 | Energy monitoring sensing devices are provided for real-time consumption insights. | |
| securemeters.com | 1987 | Udaipur, India | – | – | Smart metering products for electricity and gas sectors are provided. | |
| streamlabswater.com | 2011 | Atlanta, United States | – | – | Provider of water leak detection solution | |
| energyly.com | 2014 | Chennai, India | $268,578 | – | Cloud-based energy monitoring software is provided for commercial spaces. | |
| enlog.co.in | 2017 | Gurugram, India | $341,752 | 27 | AI-powered energy management solution |
Detailed competitors of Applied Energy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Latest news on Applied Energy
Complete news archive for Applied Energy
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Applied Energy
10 companies that operate in the same segment as Applied Energy (AI in Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
IoT and AI SaaS platform for energy management, facility automation, and workplace optimization. | 2011 | Bengaluru, Karnataka, India | USD 3.45 M | USD 906.18 K | 33 | |
Delivers AI-driven software solutions for the renewable energy sector. | 2014 | Bengaluru, Karnataka, India | – | – | – | |
AI platform for energy management, forecasting, and optimization in utilities sector. | 2015 | Mumbai, Maharashtra, India | – | USD 315.66 K | 1 | |
Experimental platform developing AI applications for climate initiatives globally. | 2007 | Chennai, Tamil Nadu, India | – | USD 5.3 K | 1 | |
Offers AI agents for interactions, document compliance, and data analysis. | 2024 | Sydney, New South Wales, Australia | – | – | – | |
Provides AI-driven solutions tailored for the oil and gas industry. | 2017 | Gurugram, Haryana, India | – | – | – | |
Offers digital solutions and UI/UX design for healthcare, education, and sustainability. | 2020 | Bengaluru, Karnataka, India | – | – | 1 | |
Offers computer vision tools for defense and energy sectors using synthetic data. | 2023 | New York, New York, United States | – | – | – | |
Offers AI platforms for optimizing industrial processes and materials development. | 2022 | Bengaluru, Karnataka, India | – | – | 1 | |
AI-driven platform for low-cost carbon capture and industrial decarbonization. | 2022 | Delhi, Delhi, India | – | – | 1 |
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Frequently Asked Questions about Applied Energy
Applied Energy was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Applied Energy is headquartered in India.
Applied Energy is a funded company, having raised a total of $82.79M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Oct 2009.
Annual revenue of Applied Energy is $77.72M as on Mar 31, 2023.
Applied Energy Technologies delivers integrated renewable energy solutions for homes and businesses, focusing on cost-efficient and distributed systems. They handle everything from design and installation to operation and maintenance, optimized by an AIML-backed software platform for long-term reliability. Based in Gurugram, India, they serve customers seeking sustainable energy options, ensuring peace of mind through comprehensive services.
Applied Energy's top competitors include SolarSquare, Oorjan and ZunRoof.
Applied Energy offers Energy Software Platform and Integrated Energy Solutions.
Applied Energy has 4 investors. Key investors include Bessemer Venture Partners, International Finance Corporation, Capricorn Investment Group, and Future Fund.
The valuation of Applied Energy is $203.46M as of May 2015.
Applied Energy is associated with 4 legal entities: Applied Solar Projects Private Limited, Applied Solar Power Management Private Limited, Applied Energy Technologies Private Limited and others.
The legal entities of Applied Energy currently have 9 directors, including Kapil Kumar Kathpalia, Vinod Kumar Agarwal, Syed Fahad and others.