About Element Energy
Element Energy is a company based in Los Altos (United States) founded in 2009. It operates as a Product-as-a-Service. Element Energy has raised $101 million across 8 funding rounds from investors including Mitsubishi Heavy Industries, Edison International and European Union. Element Energy offers products and services including Adaptive BMS Architecture. Element Energy operates in a competitive market with competitors including Dukosi, Zitara, Packet Digital, Brill Power and Qnovo, among others.
- Headquarter Los Altos, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Element Energy, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$101 M (USD)
in 8 rounds
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Latest Funding Round
$38 M (USD), Debt – Conventional
Nov 14, 2023
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Investors
Mitsubishi Heavy Industries
& 11 more
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Employee Count
Employee Count
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Products & Services of Element Energy
Element Energy offers a comprehensive portfolio of products and services, including Adaptive BMS Architecture. 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.
Battery management is enhanced with adaptive, intelligent technology.
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Funding Insights of Element Energy
Element Energy has successfully raised a total of $101M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $38 million completed in November 2023. 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 8
- Last Round Debt – Conventional — $38.0M
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First Round
First Round
(01 Jul 2016)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series B - Element Energy | Valuation | Cohort Ventures | |
| Nov, 2023 | Amount | Debt – Conventional - Element Energy | Valuation |
investors |
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| Dec, 2022 | Amount | Series B - Element Energy | Valuation | Cohort Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Element Energy
Element Energy has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Mitsubishi Heavy Industries, Edison International and European Union. 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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Cohort Ventures is focused on venture capital investments in technology.
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Founded Year | Domain | Location | |
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Venture capital investments are focused on sustainability and deep technology.
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Founded Year | Domain | Location | |
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Tech focused growth stage VC firm investing in the US
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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 Element 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 - Element Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Element Energy Comparisons
Competitors of Element Energy
Element 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 Dukosi, Zitara, Packet Digital, Brill Power and Qnovo, 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 |
Designs smart energy storage systems
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| domain | founded_year | HQ Location |
Cloud-based and embedded battery management software is provided for optimization.
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| domain | founded_year | HQ Location |
Batteries for unmanned aerial vehicles are developed and patented.
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| domain | founded_year | HQ Location |
Battery management systems are developed for modular lithium battery packs.
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| domain | founded_year | HQ Location |
Battery management software is developed for e-mobility applications.
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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 Element Energy
Frequently Asked Questions about Element Energy
When was Element Energy founded?
Element Energy was founded in 2009 and raised its 1st funding round 7 years after it was founded.
Where is Element Energy located?
Element Energy is headquartered in Los Altos, United States. It is registered at Los Altos, California, United States.
Is Element Energy a funded company?
Element Energy is a funded company, having raised a total of $101M across 8 funding rounds to date. The company's 1st funding round was a Series B of $28M, raised on Jul 01, 2016.
What does Element Energy do?
Battery management systems are innovated by Element Energy to enhance safety, longevity, and output of battery packs. Focus is placed on decarbonization and grid transformation through adaptive and intelligent technology. Solutions are provided for electric vehicles and energy storage systems. The sector of renewable energy, particularly battery technology, is primarily targeted.
Who are the top competitors of Element Energy?
Element Energy's top competitors include Zitara, Brill Power and Dukosi.
What products or services does Element Energy offer?
Element Energy offers Adaptive BMS Architecture.
Who are Element Energy's investors?
Element Energy has 12 investors. Key investors include Mitsubishi Heavy Industries, Edison International, European Union, Cohort Ventures, and DRIVE Catalyst.
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