About Avista Corporation
Avista Corporation is a company based in Spokane (United States) founded in 1889 was acquired by Hydro One in July 2017. It operates as a Subscription Services. The company has 1,950 employees as of December 31, 2024. Avista Corporation has completed 2 acquisitions, including AEL&P and edelhoff-mineraloel.com. Avista Corporation offers products and services including Electricity Distribution and Natural Gas Distribution.
- Headquarter Spokane, United States
- Employees 1950 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Avista Corporation
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Annual Revenue
$1.94 B10.64as on Dec 31, 2024
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Net Profit
$180 M5.15as on Dec 31, 2024
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EBITDA
$580 M10.89as on Dec 31, 2024
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Latest Funding Round
$20 M (USD), Grant
Mar 23, 2010
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Investors
Hydro One
& 2 more
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Employee Count
1950
as on Dec 31, 2024
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Investments & Acquisitions
AEL&P
& 1 more
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Acquired by
Hydro One
(Jul 19, 2017)
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IPO & Listings of Avista Corporation
Avista Corporation is a publicly listed company on the NYSE with ticker symbol AVA in USA, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Avista Corporation
Avista Corporation offers a comprehensive portfolio of products and services, including Electricity Distribution and Natural Gas Distribution. 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.
Electricity is provided to nearly 418,000 customers regionally.
Natural gas is supplied to about 382,000 customers.
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Software Development Team
64 people
Leadership Team
18 people
Operations Team
18 people
Senior Team
14 people
Finance and Accounting
13 people
Sr. Team
9 people
Product Management Team
9 people
Human Resources and Administration
9 people
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Funding Insights of Avista Corporation
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $20.0M
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First Round
First Round
(19 May 2009)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2010 | Amount | Grant - Avista Corporation | Valuation |
investors |
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| May, 2009 | Amount | Grant - Avista Corporation | 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 |
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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 Avista Corporation
Avista Corporation has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Hydro One, United States Geological Survey and OSTI.GOV. 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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Government entities provides science and information about natural hazards, water, energy, minerals, and other natural resources
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Founded Year | Domain | Location | |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Founded Year | Domain | Location | |
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Electricity transmission and distribution services are provided in Ontario.
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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
|
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 Avista Corporation
Avista Corporation has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include AEL&P and edelhoff-mineraloel.com. 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
|
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.
|
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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Electricity is supplied to Juneau residents and businesses by AEL&P.
|
1893 | ||||
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Mineral oil products are distributed via the company's domain.
|
0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Avista Corporation
| 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 |
Avista Corporation Comparisons
Competitors of Avista Corporation
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Avista Corporation
Frequently Asked Questions about Avista Corporation
When was Avista Corporation founded?
Avista Corporation was founded in 1889 and raised its 1st funding round 120 years after it was founded.
Where is Avista Corporation located?
Avista Corporation is headquartered in Spokane, United States. It is registered at Spokane, Washington, United States.
How many employees does Avista Corporation have?
As of Dec 31, 2024, the latest employee count at Avista Corporation is 1,950.
What is the annual revenue of Avista Corporation?
Annual revenue of Avista Corporation is $1.94B as on Dec 31, 2024.
What does Avista Corporation do?
Energy production, transmission, and distribution are managed by Avista Corporation. Operations are conducted through Avista Utilities, serving nearly 418,000 electricity customers and 382,000 natural gas customers across four northwestern states. Retail electric services are also provided in Juneau, Alaska, via a subsidiary. The company focuses on renewable energy innovations, rooted in its history since 1889. Recognition has been received as one of the 2024 Worlds Most Ethical Companies by Ethisphere.
What products or services does Avista Corporation offer?
Avista Corporation offers Electricity Distribution and Natural Gas Distribution.
Is Avista Corporation publicly traded?
Yes, Avista Corporation is publicly traded on NYSE under the ticker symbol AVA.
How many acquisitions has Avista Corporation made?
Avista Corporation has made 2 acquisitions, including AEL&P, and edelhoff-mineraloel.com.
Who are Avista Corporation's investors?
Avista Corporation has 3 investors. Key investors include Hydro One, United States Geological Survey, and OSTI.GOV.
What is Avista Corporation's ticker symbol?
The ticker symbol of Avista Corporation is AVA on NYSE.