About ELONCITY
ELONCITY is a company based in Dublin (United States) founded in 2017 by Andy Li.. ELONCITY has raised $20 million across 1 funding round from investors including OKX, Powerlink and Krypital Group. ELONCITY operates in a competitive market with competitors including Scale Microgrids, VoltaGrid, David Energy, New Sun Road and Enchanted Rock, among others.
- Headquarter Dublin, United States
- Founders Andy Li
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$20 M (USD)
in 1 rounds
-
Latest Funding Round
$20 M (USD), Series A
Sep 29, 2018
-
Investors
OKX
& 8 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Funding Insights of ELONCITY
ELONCITY has successfully raised a total of $20M through 1 strategic funding round. The most recent funding activity was a Series A round of $20 million completed in September 2018. 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 1
- Last Round Series A — $20.0M
-
First Round
First Round
(29 Sep 2018)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series A - ELONCITY | Valuation | Krypital Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ELONCITY
ELONCITY has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include OKX, Powerlink and Krypital Group. 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 |
|---|---|---|---|---|
|
Early-stage investments are targeted by Krypital Group VC fund.
|
Founded Year | Domain | Location | |
|
Early-stage venture capital firm investing in the US and UK
|
Founded Year | Domain | Location | |
|
Venture capital investments are made in European tech startups from day-zero to seed.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by ELONCITY
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - ELONCITY
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Eloncity Comparisons
Competitors of ELONCITY
ELONCITY 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 Scale Microgrids, VoltaGrid, David Energy, New Sun Road and Enchanted Rock, 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 |
Microgrids are manufactured by Scale Microgrids in the United States.
|
|
| domain | founded_year | HQ Location |
AI and cloud-driven platform offering microgrids to provide electricity to off-grid areas
|
|
| domain | founded_year | HQ Location |
Distributed energy management systems are provided for building efficiency.
|
|
| domain | founded_year | HQ Location |
Distributed energy solutions for renewable power are provided.
|
|
| domain | founded_year | HQ Location |
Provider of load management and microgrid systems
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Eloncity
Frequently Asked Questions about ELONCITY
When was ELONCITY founded?
ELONCITY was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is ELONCITY located?
ELONCITY is headquartered in Dublin, United States.
Is ELONCITY a funded company?
ELONCITY is a funded company, having raised a total of $20M across 1 funding round to date. The company's 1st funding round was a Series A of $20M, raised on Sep 29, 2018.
What does ELONCITY do?
ELONCITY was founded in 2017 and is based in Dublin, United States. Operations focus on the energy sector, where microgrid solutions are developed using distributed power generation. Services encompass blockchain-based energy trading integrated with AI algorithms, alongside smart storage systems for batteries. Local energy production is facilitated, with exchanges occurring among microgrid components to ensure consistent availability.
Who are the top competitors of ELONCITY?
ELONCITY's top competitors include Scale Microgrids, David Energy and VoltaGrid.
Who are ELONCITY's investors?
ELONCITY has 9 investors. Key investors include OKX, Powerlink, Krypital Group, Fenbushi Capital, and Horman Capital.