About Corvus Energy
Corvus Energy is a company based in Richmond (Canada) founded in 2009 was acquired by Norsk Hydro in November 2017.. Corvus Energy has raised $84.75 million across 10 funding rounds from investors including Morgan Stanley, Equinor and BW Group. Corvus Energy has completed 1 acquisition, including Grenland Energy. Corvus Energy offers products and services including Corvus Orca ESS, Corvus Blue Whale ESS, Corvus Dolphin NxtGen ESS, and Corvus Pelican Fuel Cell System. Corvus Energy operates in a competitive market with competitors including A123 Systems, Ampd Energy, Powin Energy, Cadenza Innovation and Tesvolt, among others.
- Headquarter Richmond, Canada
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Sectors
Energy & UtilitiesTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$84.75 M (USD)
in 10 rounds
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Latest Funding Round
$60 M (USD), Series C
Oct 10, 2025
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Investors
Morgan Stanley
& 10 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Norsk Hydro
(Nov 28, 2017)
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Products & Services of Corvus Energy
Corvus Energy offers a comprehensive portfolio of products and services, including Corvus Orca ESS, Corvus Blue Whale ESS, Corvus Dolphin NxtGen ESS, and Corvus Pelican Fuel Cell 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.
Provides zero-emission operations for maritime vessels
Offers advanced energy storage for larger maritime applications
Delivers high-performance solutions for marine power needs
Supports hydrogen-based zero-emission maritime operations
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Funding Insights of Corvus Energy
Corvus Energy has successfully raised a total of $84.75M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in October 2025. 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 10
- Last Round Series C — $60.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Series C - Corvus Energy | Valuation | Morgan Stanley | |
| Jan, 2024 | Amount | Series B - Corvus Energy | Valuation | Woven Capital | |
| May, 2020 | Amount | Grant - Corvus 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 Corvus Energy
Corvus Energy has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Morgan Stanley, Equinor and BW 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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Global funding is provided to growth-stage mobility ventures.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Shell
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Founded Year | Domain | Location | |
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Offshore transportation of crude oil and natural gas is managed.
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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 Corvus Energy
Corvus Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Grenland Energy. 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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Lithium storage systems are manufactured for maritime and offshore uses.
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2012 |
| 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 - Corvus 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 |
Corvus Energy Comparisons
Competitors of Corvus Energy
Corvus 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 A123 Systems, Ampd Energy, Powin Energy, Cadenza Innovation and Tesvolt, 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 |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Developer of battery energy storage system solutions
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| domain | founded_year | HQ Location |
Energy storage systems are provided for grid-level and behind-the-meter applications.
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| domain | founded_year | HQ Location |
Lithium-ion battery systems for energy storage are developed.
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| domain | founded_year | HQ Location |
Lithium battery-based power storage systems developer
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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 Corvus Energy
Frequently Asked Questions about Corvus Energy
When was Corvus Energy founded?
Corvus Energy was founded in 2009 and raised its 1st funding round 4 years after it was founded.
Where is Corvus Energy located?
Corvus Energy is headquartered in Richmond, Canada. It is registered at Richmond, British Columbia, Canada.
Who is the current CEO of Corvus Energy?
Mette Rokne Hanestad is the current CEO of Corvus Energy.
Is Corvus Energy a funded company?
Corvus Energy is a funded company, having raised a total of $84.75M across 10 funding rounds to date. The company's 1st funding round was a Grant of $743.89K, raised on Jun 01, 2013.
What does Corvus Energy do?
Corvus Energy was founded in 2009 in Richmond, Canada, within the energy storage sector. Lithium NMC technology is utilized to develop energy storage systems for industrial, commercial, and high-power applications. Solutions are provided for hybrid and electric commercial vessels, where hybridization or full electrification with these systems results in reduced fuel use, improved operational efficiency, and lower greenhouse gas emissions. Operations focus on maritime and heavy-duty equipment.
Who are the top competitors of Corvus Energy?
Corvus Energy's top competitors include A123 Systems, Powin Energy and Cadenza Innovation.
What products or services does Corvus Energy offer?
Corvus Energy offers Corvus Orca ESS, Corvus Blue Whale ESS, Corvus Dolphin NxtGen ESS, and Corvus Pelican Fuel Cell System.
How many acquisitions has Corvus Energy made?
Corvus Energy has made 1 acquisition, including Grenland Energy.
Who are Corvus Energy's investors?
Corvus Energy has 11 investors. Key investors include Morgan Stanley, Equinor, BW Group, Norsk Hydro, and European Union.
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