About Bright Power
Bright Power is a company based in New York (United States) founded in 2004.. Bright Power has raised $31.53 million across 5 funding rounds from investors including BMO, Generate Capital and Windsail Capital Group. The company has 18 employees as of December 31, 2022. Bright Power has completed 1 acquisition, including Ecological Group. Bright Power operates in a competitive market with competitors including Ecogee, EnerQuality, Enovity, Low Carbon Alliance and abinitio, among others.
- Headquarter New York, United States
- Employees 18 as on 31 Dec, 2022
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bright Power Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$31.53 M (USD)
in 5 rounds
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Latest Funding Round
$2.89 M (USD), Series B
Sep 25, 2024
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Investors
BMO
& 2 more
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Employee Count
18
as on Dec 31, 2022
- Investments & Acquisitions
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Funding Insights of Bright Power
Bright Power has successfully raised a total of $31.53M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $2.89 million completed in September 2024. 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 Series B — $2.9M
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First Round
First Round
(21 Aug 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series B - Bright Power | Valuation |
investors |
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| Jul, 2023 | Amount | Series B - Bright Power | Valuation |
investors |
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| Aug, 2021 | Amount | Series B - Bright Power | Valuation | BMO , Generate Capital |
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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 Bright Power
Bright Power has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include BMO, Generate Capital and Windsail Capital Group. 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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Renewable energy infrastructure investments are managed by Generate Capital.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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BMO is recognized as a leading financial services provider in Canada.
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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 Bright Power
Bright Power has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ecological Group. 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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Practical energy management and solar energy services are offered.
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2008 |
| 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 - Bright Power
| 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 |
Bright Power Comparisons
Competitors of Bright Power
Bright 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 Ecogee, EnerQuality, Enovity, Low Carbon Alliance and abinitio, 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-efficient green buildings are designed and developed.
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| domain | founded_year | HQ Location |
Energy-efficient homes are developed and certified in Canada since 1998.
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| domain | founded_year | HQ Location |
Offers building automation solutions to optimize enterprise environments.
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| domain | founded_year | HQ Location |
Provides chartered surveying and engineering services for carbon reduction and net zero compliance.
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| domain | founded_year | HQ Location |
Delivers energy, environmental design, and LEED services for green buildings.
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| 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 Bright Power
Frequently Asked Questions about Bright Power
When was Bright Power founded?
Bright Power was founded in 2004 and raised its 1st funding round 8 years after it was founded.
Where is Bright Power located?
Bright Power is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Bright Power a funded company?
Bright Power is a funded company, having raised a total of $31.53M across 5 funding rounds to date. The company's 1st funding round was a Series B of $24.5M, raised on Aug 21, 2012.
How many employees does Bright Power have?
As of Dec 31, 2022, the latest employee count at Bright Power is 18.
What does Bright Power do?
Bright Power was founded in 2004 and is headquartered in New York, United States. Operations focus on the energy efficiency sector, where audits for buildings are performed, improvements are designed, and ongoing management is provided. Services encompass energy benchmarking, financial and technical feasibility analysis, grant and rebate assistance, LEED consulting for green buildings, and professional trainings. Clients include building owners, management firms, developers, contractors, architects, governments, and utilities.
Who are the top competitors of Bright Power?
Bright Power's top competitors include EnerQuality, Ecogee and GreenSheen Paint.
How many acquisitions has Bright Power made?
Bright Power has made 1 acquisition, including Ecological Group.
Who are Bright Power's investors?
Bright Power has 3 investors. Key investors include BMO, Generate Capital, and Windsail Capital Group.