About Bidgely
Bidgely is a company based in Mountain View (United States) founded in 2011 by Abhay Gupta and Vivek Garud.. Bidgely has raised $87.66 million across 7 funding rounds from investors including Canadian Imperial Bank of Commerce, Khosla Ventures and E.ON. The company has 163 employees as of April 04, 2024. Bidgely has completed 1 acquisition, including Grid4C. Bidgely offers products and services including Energy Efficiency, EV Programs, Flex Demand, and True Disaggregation. Bidgely operates in a competitive market with competitors including Particle, Signify, Danfoss, Landis+Gyr and MRI Software, among others.
- Headquarter Mountain View, United States
- Employees 163 as on 04 Apr, 2024
- Founders Abhay Gupta, Vivek Garud
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Sectors
TechnologyBusiness Services Energy & Utilities Real Estate & Construction
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Email
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Phone
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Website
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Social
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- Legal Name Bidgely Technologies Private Limited
- Date of Incorporation 13 Feb, 2014
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$7.66 M (USD)50.19as on Mar 31, 2023
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Net Profit
$662.3 K (USD)50.52as on Mar 31, 2023
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EBITDA
$1.01 M (USD)20.93as on Mar 31, 2023
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Total Equity Funding
$87.66 M (USD)
in 7 rounds
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Latest Funding Round
$26 M (USD), Series C
Sep 14, 2021
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Investors
Canadian Imperial Bank of Commerce
& 9 more
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Employee Count
163
as on Apr 04, 2024
- Investments & Acquisitions
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Products & Services of Bidgely
Bidgely offers a comprehensive portfolio of products and services, including Energy Efficiency, EV Programs, Flex Demand, and True Disaggregation. 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.
Tools for targeted energy savings and personalized customer reports
Solutions for managing electric vehicle charging and grid integration
Platform for driving demand response and time-of-use program success
AI service for identifying appliance-level energy usage accurately
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Funding Insights of Bidgely
Bidgely has successfully raised a total of $87.66M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $26 million completed in September 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 7
- Last Round Series C — $26.0M
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First Round
First Round
(01 Jun 2011)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series C - Bidgely | Valuation | Accurant International , Future Energy Ventures | |
| Mar, 2021 | Amount | Series C - Bidgely | Valuation | IvyCap Ventures Advisors |
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| Sep, 2020 | Amount | Series C - Bidgely | Valuation | Canadian Imperial Bank of Commerce |
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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 Bidgely
Bidgely has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Khosla Ventures and E.ON. 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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Private equity firm focused on utility industry, renewable energy technology, industrial energy management, and renewable storage
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Founded Year | Domain | Location | |
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Venture capital fund focused on the energy tech sector
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Founded Year | Domain | Location | |
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Venture capital is provided to expanding B2B software companies.
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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 Bidgely
Bidgely has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Grid4C. 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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IoT, AI & SaaS-driven predictive analytics solution for energy sector demand forecasting & energy intelligence
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2013 |
| 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 - Bidgely
| 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 |
Bidgely Comparisons
Competitors of Bidgely
Bidgely 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 Particle, Signify, Danfoss, Landis+Gyr and MRI Software, 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 |
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
Connected devices are managed via an app and hub system.
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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 Bidgely
Frequently Asked Questions about Bidgely
When was Bidgely founded?
Bidgely was founded in 2011.
Where is Bidgely located?
Bidgely is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of Bidgely?
Abhay Gupta is the current CEO of Bidgely. They have also founded this company.
Is Bidgely a funded company?
Bidgely is a funded company, having raised a total of $87.66M across 7 funding rounds to date. The company's 1st funding round was a Series C of $8M, raised on Jun 01, 2011.
How many employees does Bidgely have?
As of Apr 04, 2024, the latest employee count at Bidgely is 163.
What is the annual revenue of Bidgely?
Annual revenue of Bidgely is $7.66M as on Mar 31, 2023.
What does Bidgely do?
Bidgely was founded in 2011 in Mountain View, United States, within the energy management sector. A solution is offered to consumers for tracking and optimizing household energy consumption. Energy data patterns are examined down to the appliance level, eliminating the need for plug-level monitors. Load disaggregation techniques are employed to enable this non-invasive analysis, supporting utilities and end-users in efficiency efforts.
Who are the top competitors of Bidgely?
Bidgely's top competitors include Particle, Landis+Gyr and Danfoss.
What products or services does Bidgely offer?
Bidgely offers Energy Efficiency, EV Programs, Flex Demand, and True Disaggregation.
How many acquisitions has Bidgely made?
Bidgely has made 1 acquisition, including Grid4C.
Who are Bidgely's investors?
Bidgely has 10 investors. Key investors include Canadian Imperial Bank of Commerce, Khosla Ventures, E.ON, RWE, and IvyCap Ventures.
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