About Apricus
Apricus is an Energy & Utilities company based in Boca Raton (United States) founded in 2023 by Ravi Thuraisingham and Gautam Chandra. Developer of solar energy projects. Apricus has raised $28 million across 3 funding rounds from investors including Atlantic Union Bank, Blue Marlin Partners and CYWP Fund. Apricus has completed 1 acquisition, including Nexus Renewables. Its chief executive, as recorded, is Ravi Thuraisingham. Apricus offers products and services including Solar Development Platform and Battery Energy Storage Systems. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its competitors include Enel X, Recurrent Energy and Longroad Energy; 3 of its 3 listed competitors have raised funding.
Company details
Apricus was founded in 2023 and is headquartered in Boca Raton, United States. Solar energy projects are developed by the company within the renewable energy sector. Operations focus on project initiation, design, and implementation to support sustainable power generation. Services encompass site assessment, engineering, and deployment of solar installations. Leadership is provided by co-founders Ravi Thuraisingham as CEO and Gautam Chandra.
- Headquarters Boca Raton, United States
- Founders Ravi Thuraisingham, Gautam Chandra
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website apricus.energy
- Social LinkedIn
- Total Equity Funding$28M (USD)
in 3 rounds
- Latest Funding Round$30M (USD), Debt – Conventional
Mar 2025
- InvestorsAtlantic Union Bank
& 2 more
- Investments & Acquisitions
Products & Services of Apricus
Apricus offers a comprehensive portfolio of products and services, including Solar Development Platform and Battery Energy Storage Systems.
Platform for advancing distributed solar projects with expertise and capital.
Systems that store energy from renewables for flexible power availability.
Funding Insights of Apricus
Apricus has successfully raised a total of $28M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $30 million completed in March 2025. 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 $28M
- Total Rounds 3
- Last Round Debt – Conventional — $30M
- First Round $28M
(Mar 2024)
- Investors Count 3
All 3 funding rounds of Apricus 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 |
|---|---|---|---|---|---|
| Mar 2025 | $30M | Debt – Conventional | – | – | |
| Aug 2024 | Series A | – | Blue Marlin Partners, CYwP Funds | – | |
| Mar 2024 | $28M | Series A | – | – | – |
3 investors in total: 3 institutional.
Investors in Apricus
Apricus has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Atlantic Union Bank, Blue Marlin Partners and CYWP Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| bluemarpartners.com | ||||
Flexible growth capital is provided by CYWP Fund. | cywpfund.com | |||
Commercial banking services are provided throughout the United States. | 1902 | atlanticunionbank.com | Richmond, United States |
Investor details for Apricus
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People of Apricus
2 people are tracked at Apricus (2 in leadership).
| Name | Role | Group |
|---|---|---|
Ravi Thuraisingham | Co-Founder & CEO | Leadership |
Gautam Chandra | Co-Founder | Leadership |
Complete people profiles for Apricus
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Investments & Acquisitions by Apricus
Apricus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nexus Renewables.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Developer of solar and wind energy projects | nexusrenewables.ca | Toronto, Canada | 2020 | May 2024 | •••• |
Complete acquisition details for Apricus
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Timeline of Apricus
4 dated milestones of Apricus across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Apricus is founded.
- Funding First funding round of $28.0M.
- Acquisition Acquires Nexus Renewables.
- Funding Latest funding round, Debt – Conventional, of $30.0M.
Competitors of Apricus
Apricus has 3 listed competitors in our database, 3 of them funded. They include Enel X, Recurrent Energy and Longroad Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| enelx.com | 2001 | Boston, United States | $168M | 513 | Utility-scale renewable energy projects are developed by Enel X. | |
| recurrentenergy.com | 2006 | San Francisco, United States | $585M | Utility-scale solar projects are developed and owned by Recurrent Energy. | ||
| longroadenergy.com | 2016 | San Francisco, United States | $500M | 153 | Utility-scale wind and solar power projects are developed. |
Detailed competitors of Apricus
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Web traffic of Apricus
The website of Apricus (apricus.energy) receives about 2.4K visits a month.
- Monthly visits2.4K
▲ 36.9% vs previous month
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Apricus (Renewable & Sustainable Energy) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | 1,276 | ||
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Related news about Apricus
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Frequently Asked Questions about Apricus
Apricus was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Apricus is headquartered in Boca Raton, United States. It is registered at Boca Raton, Florida, United States.
Ravi Thuraisingham is the CEO of Apricus, as recorded in our data. They have also founded this company.
Apricus is a funded company, having raised a total of $28M across 3 funding rounds to date. The company's 1st funding round was a Series A of $28M, raised on Mar 2024.
Apricus was founded in 2023 and is headquartered in Boca Raton, United States. Solar energy projects are developed by the company within the renewable energy sector. Operations focus on project initiation, design, and implementation to support sustainable power generation. Services encompass site assessment, engineering, and deployment of solar installations. Leadership is provided by co-founders Ravi Thuraisingham as CEO and Gautam Chandra.
Apricus's top competitors include Enel X, Longroad Energy and Recurrent Energy.
Apricus offers Solar Development Platform and Battery Energy Storage Systems.
Apricus has made 1 acquisition, including Nexus Renewables.
Apricus has 3 investors. Key investors include Atlantic Union Bank, Blue Marlin Partners, and CYWP Fund.