About ChapDrive
ChapDrive was an Energy & Utilities company based in Trondheim (Norway) founded in 2006 by Asmund Furuseth. It delivers advanced technology solutions for wind turbines. It operates on a B2B model. ChapDrive has raised $23.96 million across 3 funding rounds from investors including Equinor, Northzone and Energy Future Invest. Its chief executive is Asmund Furuseth. The company is recorded as dissolved. Its focus areas include Energy, Renewable Energy, Wind Power and Turbine Technology. Its competitors include Vestas, ScanWind and Norsetek.
Company details
ChapDrive, based in Trondheim, focuses on working in the energy sector, promoting renewable energy, wind power, and turbine technology. Delivers advanced technology solutions for wind turbines. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Trondheim, Norway
- Founders Asmund Furuseth
- SectorsEnergy & Utilities
- Website chapdrive.com
- Total Equity Funding$23.96M (USD)
in 3 rounds
- Latest Funding Round$13.27M (USD), Series C
Apr 2010
- InvestorsEquinor
& 3 more
Funding Insights of ChapDrive
ChapDrive has successfully raised a total of $23.96M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $13.27 million completed in April 2010. 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 $23.96M
- Total Rounds 3
- Last Round Series C — $13.27M
- First Round $3.06M
(Jul 2007)
- Investors Count 4
All 3 funding rounds of ChapDrive with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2010 | $13.27M | Series C | – | – | |
| Mar 2009 | $7.63M | Series B | – | – | |
| Jul 2007 | $3.06M | Series A | – | – |
4 investors in total: 4 institutional.
Investors in ChapDrive
ChapDrive has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Equinor, Northzone and Energy Future Invest.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are funded by Northzone venture capital. | – | northzone.com | London, United Kingdom | |
A blog focused on modern energy solutions is maintained. | – | energyfutureinvest.com | - | |
Growth-stage tech and energy investments in Europe are targeted. | – | vikingventure.com | Trondheim, Norway | |
Petroleum, natural gas, petrochemicals, and electrical power are produced globally. | 1972 | equinor.com | Stavanger, Norway |
Investor details for ChapDrive
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of ChapDrive
1 people are tracked at ChapDrive (1 in leadership).
| Name | Role | Group |
|---|---|---|
Asmund Furuseth | Co-Founder, ex-CEO | Leadership |
Complete people profiles for ChapDrive
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of ChapDrive
3 dated milestones of ChapDrive across 4 years, from founding to its latest funding, stage changes and deals.
- Founded ChapDrive is founded.
- Funding First funding round of $3.1M.
- Funding Latest funding round, Series C, of $13.3M.
Competitors of ChapDrive
ChapDrive has 3 listed competitors in our database. They include Vestas, ScanWind and Norsetek, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vestas.com | 1945 | Aarhus, Denmark | – | 35,100 | Wind turbines are manufactured and installed globally by Vestas. | |
| scanwind.com | 1999 | Trondheim, Norway | – | – | Wind turbines for offshore power are manufactured in Norway. | |
| norsetek.no | 2008 | Tonsberg, Norway | – | – | Develops innovative 5-blade wind turbines for sustainable energy solutions. |
Detailed competitors of ChapDrive
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as ChapDrive (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about ChapDrive
ChapDrive was founded in 2006 and raised its 1st funding round 1 year after it was founded.
ChapDrive is headquartered in Trondheim, Norway. It is registered at Trondheim, Trøndelag, Norway.
Asmund Furuseth is the current CEO of ChapDrive. They have also founded this company.
ChapDrive is a funded company, having raised a total of $23.96M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.06M, raised on Jul 2007.
ChapDrive, based in Trondheim, focuses on working in the energy sector, promoting renewable energy, wind power, and turbine technology. Delivers advanced technology solutions for wind turbines. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
ChapDrive has 4 investors. Key investors include Equinor, Northzone, Energy Future Invest, and Viking Venture.