About AW-Energy
AW-Energy is a company based in Vantaa (Finland) founded in 2002.. AW-Energy has raised $28.42 million across 12 funding rounds from investors including European Investment Bank, European Union and Business Finland. AW-Energy offers products and services including WaveRoller, Utility Scale Power, and Fast Frequency Response Power. AW-Energy operates in a competitive market with competitors including Ocean Power Technologies, Carnegie Clean Energy, Marine Power Systems, Oscilla Power and CorPower Ocean, among others.
- Headquarter Vantaa, Finland
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$28.42 M (USD)
in 12 rounds
-
Latest Funding Round
$2.9 M (USD), Grant
Nov 01, 2020
-
Investors
European Investment Bank
& 4 more
-
Employee Count
Employee Count
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 AW-Energy
AW-Energy offers a comprehensive portfolio of products and services, including WaveRoller, Utility Scale Power, and Fast Frequency Response Power. 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.
Generates electricity from ocean waves for sustainable power
Provides large-scale wave energy for grid electricity supply
Ensures secure electricity supply through wave-based response
Funding Insights of AW-Energy
AW-Energy has successfully raised a total of $28.42M across 12 strategic funding rounds. The most recent funding activity was a Grant round of $2.9 million completed in November 2020. 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 12
- Last Round Grant — $2.9M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Grant - AW-Energy | Valuation |
investors |
|
| Nov, 2018 | Amount | Grant - AW-Energy | Valuation |
investors |
|
| May, 2018 | Amount | Series B - AW-Energy | Valuation | MaRINET2 |
|
| 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 AW-Energy
AW-Energy has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include European Investment Bank, European Union and Business Finland. 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 |
|---|---|---|---|---|
|
Finance and advisory services for infrastructure projects are provided.
|
Founded Year | Domain | Location | |
|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
|
Founded Year | Domain | Location | |
|
Offshore renewable energy research is coordinated by MaRINET2 in Europe.
|
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 AW-Energy
| 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 |
Financial Statements - AW-Energy
| 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 |
Aw-Energy Comparisons
Competitors of AW-Energy
AW-Energy 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 Ocean Power Technologies, Carnegie Clean Energy, Marine Power Systems, Oscilla Power and CorPower Ocean, 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 |
Ocean energy technologies are provided for intelligent maritime solutions.
|
|
| domain | founded_year | HQ Location |
CETO wave energy converters and solar PV systems are provided.
|
|
| domain | founded_year | HQ Location |
Modular technology for deep-water offshore wind deployment is engineered.
|
|
| domain | founded_year | HQ Location |
Provider of wave energy harvesting system
|
|
| domain | founded_year | HQ Location |
Wave energy converter solutions provider
|
|
| domain | founded_year | HQ Location |
Provider of wave power and wave energy devices
|
| 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 Aw-Energy
Frequently Asked Questions about AW-Energy
When was AW-Energy founded?
AW-Energy was founded in 2002 and raised its 1st funding round 5 years after it was founded.
Where is AW-Energy located?
AW-Energy is headquartered in Vantaa, Finland.
Is AW-Energy a funded company?
AW-Energy is a funded company, having raised a total of $28.42M across 12 funding rounds to date.
What does AW-Energy do?
Developer of electricity generation technology from ocean waves. It has developed Wave Roller that converts ocean waves into energy and electricity. The wave roller can be fully submerged and anchored and operates in near-shore areas at depths of between 8 and 20 meters. The bottom fixed panel of the device which acts as an oscillating wave surge converter captures the ocean wave energy and converts the movement to electricity using the power storage and hydraulic system. The electrical output generated from this renewable wave energy power plant is connected to the electric grid via a subsea cable.
Who are the top competitors of AW-Energy?
AW-Energy's top competitors include Marine Power Systems, Carnegie Clean Energy and CorPower Ocean.
What products or services does AW-Energy offer?
AW-Energy offers WaveRoller, Utility Scale Power, and Fast Frequency Response Power.
Who are AW-Energy's investors?
AW-Energy has 5 investors. Key investors include European Investment Bank, European Union, Business Finland, Sitra, and MaRINET2.