About Apricus
Apricus is a company based in Boca Raton (United States) founded in 2023 by Ravi Thuraisingham and Gautam Chandra.. 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. Apricus offers products and services including Solar Development Platform and Battery Energy Storage Systems. Apricus operates in a competitive market with competitors including Enel X, Recurrent Energy, Longroad Energy, Origis Energy and Hillman Group, among others.
- Headquarter Boca Raton, United States
- Founders Ravi Thuraisingham, Gautam Chandra
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Debt – Conventional
Mar 25, 2025
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Investors
Atlantic Union Bank
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Apricus
Apricus offers a comprehensive portfolio of products and services, including Solar Development Platform and Battery Energy Storage Systems. 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.
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 Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $30.0M
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First Round
First Round
(27 Mar 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Debt – Conventional - Apricus | Valuation |
investors |
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| Aug, 2024 | Amount | Series A - Apricus | Valuation | Blue Marlin Partners , CYwP Funds |
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| Mar, 2024 | Amount | Series A - Apricus | 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 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. 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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Flexible growth capital is provided by CYWP Fund.
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Founded Year | Domain | Location | |
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Commercial banking services are provided throughout the United States.
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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 Apricus
Apricus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nexus Renewables. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Developer of solar and wind energy projects
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Apricus
| 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 |
Apricus Comparisons
Competitors of Apricus
Apricus 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 Enel X, Recurrent Energy, Longroad Energy, Origis Energy and Hillman Group, 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 |
Utility-scale renewable energy projects are developed by Enel X.
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| domain | founded_year | HQ Location |
Utility-scale solar projects are developed and owned by Recurrent Energy.
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| domain | founded_year | HQ Location |
Utility-scale wind and solar power projects are developed.
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| domain | founded_year | HQ Location |
Utility-scale and commercial solar projects are developed worldwide.
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| domain | founded_year | HQ Location |
Hardware and home improvement products are supplied to retail markets.
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| domain | founded_year | HQ Location |
Provider of renewable energy asset development, construction, and operation services
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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 Apricus
Frequently Asked Questions about Apricus
When was Apricus founded?
Apricus was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Apricus located?
Apricus is headquartered in Boca Raton, United States. It is registered at Boca Raton, Florida, United States.
Who is the current CEO of Apricus?
Ravi Thuraisingham is the current CEO of Apricus. They have also founded this company.
Is Apricus a funded 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 27, 2024.
What does Apricus do?
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.
Who are the top competitors of Apricus?
Apricus's top competitors include Enel X, Longroad Energy and Recurrent Energy.
What products or services does Apricus offer?
Apricus offers Solar Development Platform and Battery Energy Storage Systems.
How many acquisitions has Apricus made?
Apricus has made 1 acquisition, including Nexus Renewables.
Who are Apricus's investors?
Apricus has 3 investors. Key investors include Atlantic Union Bank, Blue Marlin Partners, and CYWP Fund.