About Enel X
Enel X is a company based in Boston (United States) founded in 2001 was acquired by China Southern Power Grid in February 2024.. Enel X has raised $168 million across 11 funding rounds from investors including European Union, MassCEC and Foundation Capital. Enel X has completed 6 acquisitions, including CityPoste Payment, Mooney and PayTipper. Enel X offers products and services including Energy Management Solutions, Electric Mobility Services, and Smart Home Technologies. Enel X operates in a competitive market with competitors including PowerSecure, Origis Energy, Hillman Group, Leap and EnergyHub, among others.
- Headquarter Boston, United States
- Stage Public
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Enel X Italia S.R.L.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$168 M (USD)
in 11 rounds
-
Latest Funding Round
$279 K (USD), Grant
Jan 01, 2021
-
Investors
European Union
& 7 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
CityPoste Payment
& 5 more
-
Acquired by
China Southern Power Grid
(Feb 09, 2024)
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
Products & Services of Enel X
Enel X offers a comprehensive portfolio of products and services, including Energy Management Solutions, Electric Mobility Services, and Smart Home Technologies. 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.
Tools for optimizing energy consumption and reducing costs.
Services for electric vehicle charging and fleet management.
Solutions for home energy monitoring and automation systems.
Funding Insights of Enel X
Enel X has successfully raised a total of $168M across 11 strategic funding rounds. The most recent funding activity was a Grant round of $279 thousand completed in January 2021. 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 11
- Last Round Grant — $279,004
-
First Round
First Round
(25 Jan 2005)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Grant - Enel X | Valuation |
investors |
|
| Sep, 2020 | Amount | Grant - Enel X | Valuation |
investors |
|
| Feb, 2020 | Amount | Grant - Enel X | Valuation |
investors |
| 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 Enel X
Enel X has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, MassCEC and Foundation Capital. 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 |
|---|---|---|---|---|
|
Accelerator & incubator focused on clean energy firms
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
|
Founded Year | Domain | Location | |
|
Investments are made in US expansion-stage energy and tech companies.
|
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 Enel X
Enel X has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include CityPoste Payment, Mooney and PayTipper. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Mooney is engaged in providing payment and mobility solutions.
|
2020 | ||||
|
Equity-based crowdfunding platform focused on energy projects
|
2018 | ||||
|
Payment facilitation and merchant accounts are provided to businesses.
|
2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Enel X
| 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 |
Enel X Comparisons
Competitors of Enel X
Enel X 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 PowerSecure, Origis Energy, Hillman Group, Leap and EnergyHub, 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 |
Energy efficiency and smart grid management solutions
|
|
| domain | founded_year | HQ Location |
Utility-scale and commercial solar projects are developed worldwide.
|
|
| domain | founded_year | HQ Location |
Hardware and home improvement products are supplied to retail markets.
|
|
| domain | founded_year | HQ Location |
Leap is focused on virtual power plant solutions.
|
|
| domain | founded_year | HQ Location |
Cloud-based software enables demand response for home energy management.
|
| 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 Enel X
Frequently Asked Questions about Enel X
When was Enel X founded?
Enel X was founded in 2001 and raised its 1st funding round 4 years after it was founded.
Where is Enel X located?
Enel X is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Enel X a funded company?
Enel X is a funded company, having raised a total of $168M across 11 funding rounds to date. The company's 1st funding round was a Grant of $1.05M, raised on Jan 25, 2005.
What does Enel X do?
Enel X was founded in 2001 and is headquartered in Boston, United States. The company operates within the renewable energy sector, with a focus on the development of utility-scale projects. These initiatives are designed to support large-scale energy generation and distribution. Services encompass project planning, construction, and integration into utility networks. Geographic operations are primarily based in the United States, aligning with broader sustainability efforts in the energy industry.
Who are the top competitors of Enel X?
Enel X's top competitors include PowerSecure, Origis Energy and Leap.
What products or services does Enel X offer?
Enel X offers Energy Management Solutions, Electric Mobility Services, and Smart Home Technologies.
How many acquisitions has Enel X made?
Enel X has made 6 acquisitions, including CityPoste Payment, Mooney, and PayTipper.
Who are Enel X's investors?
Enel X has 8 investors. Key investors include European Union, MassCEC, Foundation Capital, Braemar Energy Ventures, and DFJ.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.