About Autogrid
Autogrid is a company based in Redwood City (United States) founded in 2011 was acquired by Uplight in December 2023.. Autogrid has raised $158.75 million across 9 funding rounds from investors including Microsoft, SolarEdge and Schneider Electric. The company has 50 employees as of March 29, 2024. Autogrid operates in a competitive market with competitors including Franklin Energy, Voltus, GridBeyond, Virtual Peaker and Energy Web, among others.
- Headquarter Redwood City, United States
- Employees 50 as on 29 Mar, 2024
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Uplight Technologies India Private Limited
- Date of Incorporation 19 Dec, 2016
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$2.47 M (USD)41.49as on Mar 31, 2023
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Net Profit
$274.34 K (USD)39.7as on Mar 31, 2023
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EBITDA
$377.12 K (USD)-10.39as on Mar 31, 2023
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Total Equity Funding
$158.75 M (USD)
in 9 rounds
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Latest Funding Round
$85 M (USD), Series D
Oct 14, 2021
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Investors
Microsoft
& 21 more
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Employee Count
50
as on Mar 29, 2024
- Acquired by
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Leadership Team
7 people
Software Development Team
1 people
Founder Team
1 people
Sales and Marketing
1 people
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Funding Insights of Autogrid
Autogrid has successfully raised a total of $158.75M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $85 million completed in October 2021. 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 9
- Last Round Series D — $85.0M
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First Round
First Round
(15 Oct 2012)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series D - Autogrid | Valuation | Schneider Electric | |
| Jan, 2021 | Amount | Grant - Autogrid | Valuation |
investors |
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| May, 2019 | Amount | Series D - Autogrid | Valuation | Schneider Electric |
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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 Autogrid
Autogrid has secured backing from 22 investors, including institutional and venture fund investors. Prominent investors backing the company include Microsoft, SolarEdge and Schneider Electric. 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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Venture capital investments are directed toward technology companies.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Shell
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Founded Year | Domain | Location | |
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Venture capital firm backed by GS Group and focused on climate tech, and energy 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 Autogrid
| 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 - Autogrid
| 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 |
Autogrid Comparisons
Competitors of Autogrid
Autogrid 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 Franklin Energy, Voltus, GridBeyond, Virtual Peaker and Energy Web, 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 efficiency programs are designed for utilities and municipalities.
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| domain | founded_year | HQ Location |
Provider of demand response solutions for industrial and commercial applications
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| domain | founded_year | HQ Location |
AI-based platform for balancing distributed energy resources and demand response
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| domain | founded_year | HQ Location |
Solutions for demand response and energy intelligence are provided.
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| domain | founded_year | HQ Location |
Distributed energy resources are managed via a decentralized blockchain platform.
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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 Autogrid
Frequently Asked Questions about Autogrid
When was Autogrid founded?
Autogrid was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Autogrid located?
Autogrid is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is Autogrid a funded company?
Autogrid is a funded company, having raised a total of $158.75M across 9 funding rounds to date.
How many employees does Autogrid have?
As of Mar 29, 2024, the latest employee count at Autogrid is 50.
What is the annual revenue of Autogrid?
Annual revenue of Autogrid is $2.47M as on Mar 31, 2023.
What does Autogrid do?
Autogrid specializes in providing IoT-enabled distributed energy resource management solutions. Its offerings include AutoGrid Flex, AutoGrid Engage, and AutoGrid Energy Internet Platform. It offers solutions such as storage co-optimization, virtual power plant, DER ancillary services, residential behavioral pricing programs, and others.
Who are the top competitors of Autogrid?
Autogrid's top competitors include Voltus, GridBeyond and Franklin Energy.
Who are Autogrid's investors?
Autogrid has 22 investors. Key investors include Microsoft, SolarEdge, Schneider Electric, Envision Group, and Orsted.
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