About Cygni Energy
Cygni Energy is a company based in Hyderabad (India) founded in 2014 by Venkat Rajaraman.. Cygni Energy has raised $28.53 million across 10 funding rounds from investors including Indian Overseas Bank, IndusInd Bank and Sasken. The company has 82 employees as of November 14, 2024. Cygni Energy offers products and services including EV-2 Wheeler Battery, E-Rickshaws Battery, Commercial and Industrial Energy Storage, and SodiumIon Battery. Cygni Energy operates in a competitive market with competitors including Microvast, Contemporary Amperex Technology, Forsee Power, A123 Systems and Exponent Energy, among others.
- Headquarter Hyderabad, India
- Employees 82 as on 14 Nov, 2024
- Founders Venkat Rajaraman
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & 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 Cygni Energy Private Limited
- Date of Incorporation 08 Oct, 2014
- Jurisdiction Rangareddy, Telangana, India
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Annual Revenue
$4.13 M (USD)-3.97as on Mar 31, 2021
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Net Profit
$-115.31 K (USD)88.16as on Mar 31, 2021
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EBITDA
$6.56 K (USD)101.13as on Mar 31, 2021
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Total Equity Funding
$28.53 M (USD)
in 10 rounds
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Latest Funding Round
$12.5 M (USD), Series B
Aug 25, 2022
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Investors
Indian Overseas Bank
& 8 more
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Employee Count
82
as on Nov 14, 2024
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Products & Services of Cygni Energy
Cygni Energy offers a comprehensive portfolio of products and services, including EV-2 Wheeler Battery, E-Rickshaws Battery, Commercial and Industrial Energy Storage, and SodiumIon Battery. 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.
Lithium-ion battery for electric two-wheelers in tough conditions.
High-performing battery for electric rickshaws with maintenance-free design.
Scalable storage for business energy needs and renewable integration.
Advanced battery for various energy storage applications.
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Funding Insights of Cygni Energy
Cygni Energy has successfully raised a total of $28.53M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $12.5 million completed in August 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 10
- Last Round Series B — $12.5M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Debt – Conventional - Cygni Energy | Valuation |
investors |
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| Aug, 2022 | Amount | Series B - Cygni Energy | Valuation | Meridian Global Ventures |
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| Dec, 2021 | Amount | Series A - Cygni Energy | Valuation | Vks Family Trust , Pks Family Trust |
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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 Cygni Energy
Cygni Energy has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Indian Overseas Bank, IndusInd Bank and Sasken. 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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Early-stage investments are targeted by Meridian Global Ventures.
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Founded Year | Domain | Location | |
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Early-stage venture capital investing in AI, deep tech, healthcare, and fintech startups.
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Founded Year | Domain | Location | |
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Startups in rural technologies are incubated by government-backed RTBI.
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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 Cygni 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 - Cygni 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 |
Cygni Energy Comparisons
Competitors of Cygni Energy
Cygni 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 Microvast, Contemporary Amperex Technology, Forsee Power, A123 Systems and Exponent Energy, 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 multi-category electric vehicles are developed.
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| domain | founded_year | HQ Location |
Comprehensive solutions for electric vehicles and energy storage are provided.
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| domain | founded_year | HQ Location |
Lithium battery systems for electric vehicles and gadgets are manufactured.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Rapid-charging technology for electric vehicles is developed and scaled.
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| domain | founded_year | HQ Location |
Solid-state lithium-ion batteries are developed with solid electrolyte layers.
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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 Cygni Energy
Frequently Asked Questions about Cygni Energy
When was Cygni Energy founded?
Cygni Energy was founded in 2014.
Where is Cygni Energy located?
Cygni Energy is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Cygni Energy?
Venkat Rajaraman is the current CEO of Cygni Energy. They have also founded this company.
Is Cygni Energy a funded company?
Cygni Energy is a funded company, having raised a total of $28.53M across 10 funding rounds to date. The company's 1st funding round was a Series A of $6.58M, raised on Jun 01, 2014.
How many employees does Cygni Energy have?
As of Nov 14, 2024, the latest employee count at Cygni Energy is 82.
What is the annual revenue of Cygni Energy?
Annual revenue of Cygni Energy is $4.13M as on Mar 31, 2021.
What does Cygni Energy do?
Cygni Energy was founded in 2014 in Hyderabad, India, and operates in the energy storage sector. Lithium-ion battery packs are produced for electric vehicles and industrial applications, with customized solutions offered for two-wheelers, e-rickshaws, and commercial systems. Scalable options are provided to address various energy requirements, emphasizing performance and reduced maintenance needs across diverse uses.
Who are the top competitors of Cygni Energy?
Cygni Energy's top competitors include Microvast, Solid Power and Exponent Energy.
What products or services does Cygni Energy offer?
Cygni Energy offers EV-2 Wheeler Battery, E-Rickshaws Battery, Commercial and Industrial Energy Storage, and SodiumIon Battery.
Who are Cygni Energy's investors?
Cygni Energy has 9 investors. Key investors include Indian Overseas Bank, IndusInd Bank, Sasken, Endiya Partners, and Millennium Alliance.
What is Cygni Energy's valuation?
The valuation of Cygni Energy is $32.93M as of Dec 2021.