About East Point Energy
East Point Energy is a company based in Charlottesville (United States) founded in 2018 was acquired by Equinor in July 2022.. East Point Energy has raised $3.8 million across 2 funding rounds from investors including Equinor. East Point Energy offers products and services including Energy Storage Projects and Grid Stabilization Solutions.
- Headquarter Charlottesville, United States
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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 East Point Energy, Llc
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Products & Services of East Point Energy
East Point Energy offers a comprehensive portfolio of products and services, including Energy Storage Projects and Grid Stabilization Solutions. 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.
Origination, construction, and operation of energy storage systems are conducted to support grid transformation
Services for peak demand reduction and reliability enhancements are provided to benefit the grid and communities
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Funding Insights of East Point Energy
East Point Energy has successfully raised a total of $3.8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.25 million completed in August 2020. 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 2
- Last Round Series A — $2.2M
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First Round
First Round
(17 Dec 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Series A - East Point Energy | Valuation |
investors |
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| Dec, 2018 | Amount | Seed - East Point Energy | Valuation |
investors |
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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 East Point Energy
East Point Energy has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Equinor. 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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Petroleum, natural gas, petrochemicals, and electrical power are produced globally.
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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 East Point 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 - East Point 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 |
East Point Energy Comparisons
Competitors of East Point Energy
| 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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Frequently Asked Questions about East Point Energy
When was East Point Energy founded?
East Point Energy was founded in 2018.
Where is East Point Energy located?
East Point Energy is headquartered in Charlottesville, United States. It is registered at Charlottesville, Virginia, United States.
Is East Point Energy a funded company?
East Point Energy is a funded company, having raised a total of $3.8M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.55M, raised on Dec 17, 2018.
What does East Point Energy do?
East Point Energy was founded in 2018 and is headquartered in Charlottesville, United States. Battery storage projects are developed by the company within the renewable energy sector. Operations include site assessment, permitting, financing, construction, and long-term management of utility-scale storage systems. Services are extended to utilities, developers, and grid operators to enhance energy reliability and renewable integration across the United States.
What products or services does East Point Energy offer?
East Point Energy offers Energy Storage Projects and Grid Stabilization Solutions.
Who are East Point Energy's investors?
East Point Energy has 1 investor. Key investors include Equinor.
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