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.
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.
People of Cygni Energy
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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.
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.
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Early-stage investments are targeted by Meridian Global Ventures.
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Early-stage venture capital investing in AI, deep tech, healthcare, and fintech startups.
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Startups in rural technologies are incubated by government-backed RTBI.
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Investor details for Cygni Energy
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Investments & Acquisitions by Cygni Energy
Investment portfolio details for Cygni Energy
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Financial Statements - Cygni Energy
Detailed financials for Cygni Energy
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Cygni Energy Comparisons
Peer comparison for Cygni Energy
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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.
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Lithium-ion batteries for multi-category electric vehicles are developed.
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Comprehensive solutions for electric vehicles and energy storage are provided.
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Lithium battery systems for electric vehicles and gadgets are manufactured.
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Lithium-ion batteries for automotive and industrial uses are manufactured.
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Rapid-charging technology for electric vehicles is developed and scaled.
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Solid-state lithium-ion batteries are developed with solid electrolyte layers.
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Detailed competitors of Cygni Energy
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Latest news on Cygni Energy
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Frequently Asked Questions about Cygni Energy
Cygni Energy was founded in 2014.
Cygni Energy is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Venkat Rajaraman is the current CEO of Cygni Energy. They have also founded this company.
Cygni Energy is a funded company, having raised a total of $28.53M across 10 funding rounds to date.
As of Nov 14, 2024, the latest employee count at Cygni Energy is 82.
Annual revenue of Cygni Energy is $4.13M as on Mar 31, 2021.
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.
Cygni Energy's top competitors include Microvast, Solid Power and Exponent Energy.
Cygni Energy offers EV-2 Wheeler Battery, E-Rickshaws Battery, Commercial and Industrial Energy Storage, and SodiumIon Battery.
Cygni Energy has 9 investors. Key investors include Indian Overseas Bank, IndusInd Bank, Sasken, Endiya Partners, and Millennium Alliance.
The valuation of Cygni Energy is $32.93M as of Dec 2021.