About Connected Energy
Connected Energy is a company based in Newcastle Upon Tyne (United Kingdom) founded in 2010 by Matthew Lumsden.. Connected Energy has raised $35.52 million across 9 funding rounds from investors including OurCrowd, Sumitomo Corporation and Gov.uk. Connected Energy offers products and services including Battery Energy Storage System and Commercial Energy System. Connected Energy operates in a competitive market with competitors including Fluence, Alsym Energy, Younicos, Redback Technologies and Encell, among others.
- Headquarter Newcastle Upon Tyne, United Kingdom
- Founders Matthew Lumsden
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Sectors
Energy & Utilities
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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 Connected Energy Ltd
- Date of Incorporation 21 Jun, 2010
- Jurisdiction NEWCASTLE UPON TYNE, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35.52 M (USD)
in 9 rounds
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Latest Funding Round
$18.4 M (USD), Series B
Jun 16, 2022
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Investors
OurCrowd
& 12 more
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Employee Count
Employee Count
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Products & Services of Connected Energy
Connected Energy offers a comprehensive portfolio of products and services, including Battery Energy Storage System and Commercial Energy System. 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.
Repurposes second-life EV batteries for scalable energy storage solutions.
Provides energy storage for businesses to enhance grid integration.
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Funding Insights of Connected Energy
Connected Energy has successfully raised a total of $35.52M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $18.4 million completed in June 2022. 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 9
- Last Round Series B — $18.4M
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First Round
First Round
(30 Mar 2016)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series B - Connected Energy | Valuation |
investors |
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| Jan, 2021 | Amount | Series A - Connected Energy | Valuation | ENGIE New Ventures , Sumitomo |
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| Jan, 2021 | Amount | Grant - Connected Energy | Valuation |
investors |
| 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 Connected Energy
Connected Energy has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include OurCrowd, Sumitomo Corporation and Gov.uk. 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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Turquoise is engaged in financial advisory and investment for climate technologies.
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Founded Year | Domain | Location | |
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ENGIE New Ventures is focused on cleantech startup investments.
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Founded Year | Domain | Location | |
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Construction and mining equipment, engines, and locomotives are manufactured.
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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 Connected Energy
| 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 |
Financial Statements - Connected Energy
| 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 |
Connected Energy Comparisons
Competitors of Connected Energy
Connected 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 Fluence, Alsym Energy, Younicos, Redback Technologies and Encell, 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 storage systems are supplied for industrial renewable applications.
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| domain | founded_year | HQ Location |
Non-flammable battery solutions are provided for vehicles and storage systems.
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| domain | founded_year | HQ Location |
Battery parks and microgrid systems
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| domain | founded_year | HQ Location |
Developer of solar power packs for home
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| domain | founded_year | HQ Location |
Nickel-iron batteries are manufactured for stationary energy storage applications.
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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 Connected Energy
Frequently Asked Questions about Connected Energy
When was Connected Energy founded?
Connected Energy was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is Connected Energy located?
Connected Energy is headquartered in Newcastle Upon Tyne, United Kingdom.
Who is the current CEO of Connected Energy?
Matthew Lumsden is the current CEO of Connected Energy. They have also founded this company.
Is Connected Energy a funded company?
Connected Energy is a funded company, having raised a total of $35.52M across 9 funding rounds to date. The company's 1st funding round was a Series A of $1.62M, raised on Mar 30, 2016.
What does Connected Energy do?
Provider of battery energy storage systems for various industries. They have been delivering these systems for over ten years and are a world-leader in creating battery energy storage solutions.
Who are the top competitors of Connected Energy?
What products or services does Connected Energy offer?
Connected Energy offers Battery Energy Storage System and Commercial Energy System.
Who are Connected Energy's investors?
Connected Energy has 13 investors. Key investors include OurCrowd, Sumitomo Corporation, Gov.uk, Mercuria, and ENGIE.
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