About Aspen Power
Aspen Power is a company based in Dallas (United States) founded in 2020 was acquired by The Carlyle Group in November 2022.. Aspen Power has raised $120 million across 5 funding rounds from investors including MUFG Bank, J P Morgan and First Citizens Bank. Aspen Power has completed 1 acquisition, including Safari Energy. Aspen Power offers products and services including Solar Development, Project Financing, O&M and Project Optimization, Battery Storage, and EV Charging. Aspen Power operates in a competitive market with competitors including Enel X, Recurrent Energy, Longroad Energy, Origis Energy and Hillman Group, among others.
- Headquarter Dallas, United States
-
Sectors
Energy & Utilities
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$120 M (USD)
in 5 rounds
-
Latest Funding Round
$200 M (USD), Debt – Conventional
Jan 12, 2026
-
Investors
MUFG Bank
& 7 more
-
Employee Count
Employee Count
- Investments & Acquisitions
-
Acquired by
The Carlyle Group
(Nov 09, 2022)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Aspen Power
Aspen Power offers a comprehensive portfolio of products and services, including Solar Development, Project Financing, O&M and Project Optimization, Battery Storage, and EV Charging. 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.
Develops solar projects for businesses and communities
Provides funding for renewable energy initiatives
Optimizes and maintains solar energy systems
Offers solutions to store and manage energy
Provides solar-powered electric vehicle charging
Unlock access to complete
Funding Insights of Aspen Power
Aspen Power has successfully raised a total of $120M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $200 million completed in January 2026. 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 5
- Last Round Debt – Conventional — $200.0M
-
First Round
First Round
(24 Feb 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Debt – Conventional - Aspen Power | Valuation |
investors |
|
| Feb, 2025 | Amount | Series D - Aspen Power | Valuation |
investors |
|
| Jan, 2024 | Amount | Debt – Conventional - Aspen Power | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aspen Power
Aspen Power has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include MUFG Bank, J P Morgan and First Citizens Bank. 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 |
|---|---|---|---|---|
|
Private equity investments are directed toward multiple sectors.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location | |
|
Comprehensive financial services are provided to corporations and individuals.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Aspen Power
Aspen Power has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Safari Energy. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Turnkey solar solutions are provided for commercial applications.
|
2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Aspen Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aspen Power Comparisons
Competitors of Aspen Power
Aspen Power 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.
|
|
| domain | founded_year | HQ Location |
Utility-scale solar projects are developed and owned by Recurrent Energy.
|
|
| domain | founded_year | HQ Location |
Utility-scale wind and solar power projects are developed.
|
|
| domain | founded_year | HQ Location |
Utility-scale and commercial solar projects are developed worldwide.
|
|
| domain | founded_year | HQ Location |
Hardware and home improvement products are supplied to retail markets.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Aspen Power
Frequently Asked Questions about Aspen Power
When was Aspen Power founded?
Aspen Power was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Aspen Power located?
Aspen Power is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Is Aspen Power a funded company?
Aspen Power is a funded company, having raised a total of $120M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $241M, raised on Feb 24, 2022.
What does Aspen Power do?
Provider of renewable energy asset development, construction, and operation services. It partners with businesses and communities to develop, construct, and operate renewable energy assets and storage. It specializes in project finance, solar development, and operations and maintenance and project optimization. It offers solutions for community solar, commercial and industrial solar, public sector, multifamily, and landowners, utilizing technologies like photovoltaics, battery storage, EV charging, and artificial intelligence.
Who are the top competitors of Aspen Power?
Aspen Power's top competitors include Enel X, Longroad Energy and Recurrent Energy.
What products or services does Aspen Power offer?
Aspen Power offers Solar Development, Project Financing, O&M and Project Optimization, Battery Storage, and EV Charging.
How many acquisitions has Aspen Power made?
Aspen Power has made 1 acquisition, including Safari Energy.
Who are Aspen Power's investors?
Aspen Power has 8 investors. Key investors include MUFG Bank, J P Morgan, First Citizens Bank, The Carlyle Group, and Lombard Odier.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.