About CREC
CREC is a company based in San Juan (Philippines) founded in 2015.. CREC operates in a competitive market with competitors including Freya, Al Arabiya Energy Corporation, REurasia Management, NeoEnergy and LUMITRONICS SOLAR CORPORATION, among others.
- Headquarter San Juan, Philippines
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
- Legal Name Citicore Renewable Energy Corp.
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Annual Revenue
$88.73 M (USD)39.68as on Dec 31, 2024
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Net Profit
$10.65 M (USD)-9.73as on Dec 31, 2024
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EBITDA
$29.98 M (USD)41.18as on Dec 31, 2024
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Latest Funding Round
$120 M (USD), Post-IPO
Jun 24, 2025
- Investors
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Employee Count
Employee Count
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IPO & Listings of CREC
CREC is a publicly listed company on the PSE with ticker symbol CREC in Philippines, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of CREC
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $120.0M
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First Round
First Round
(24 Jun 2025)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Post-IPO - CREC | 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 CREC
CREC has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Pertamina New & Renewable Energy. 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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Pertamina New & Renewable Energy is focused on sustainable energy solutions.
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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 CREC
| 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 - CREC
| 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 |
Crec Comparisons
Competitors of CREC
CREC 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 Freya, Al Arabiya Energy Corporation, REurasia Management, NeoEnergy and LUMITRONICS SOLAR CORPORATION, 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 |
Renewable energy business development consultancy is offered across Southeast Asia.
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Provides EPC services in the solar and oil & gas sectors.
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| domain | founded_year | HQ Location |
Provides renewable energy services like solar and biomass for sustainable projects.
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Specializes in photovoltaic renewable energy generation and solutions.
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| domain | founded_year | HQ Location |
Offers solar energy systems for renewable power generation and cost savings.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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 Crec
Frequently Asked Questions about CREC
When was CREC founded?
CREC was founded in 2015 and raised its 1st funding round 10 years after it was founded.
Where is CREC located?
CREC is headquartered in San Juan, Philippines.
What is the annual revenue of CREC?
Annual revenue of CREC is $88.73M as on Dec 31, 2024.
What does CREC do?
CREC was founded in 2015 and is based in San Juan, Philippines, within the renewable energy sector. Operations focus on developing projects to align with national clean energy goals. A project pipeline exceeding five gigawatts is managed across the country. Services include renewable power generation and infrastructure. An initial public offering is scheduled for 2024.
Who are the top competitors of CREC?
CREC's top competitors include Freya, Al Arabiya Energy Corporation and REurasia Management.
Is CREC publicly traded?
Yes, CREC is publicly traded on PSE under the ticker symbol CREC.
Who are CREC's investors?
CREC has 1 investor. Key investors include Pertamina New & Renewable Energy.
What is CREC's ticker symbol?
The ticker symbol of CREC is CREC on PSE.