Enel X

Boston, United States Founded: 2001 • Age: 25 yrs Acquired By China Southern Power Grid
Utility-scale renewable energy projects are developed by Enel X.
Annual revenue - Latest available
Total funding $168.0M 11 rounds
Employees - Tracked headcount
Investors 8 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

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
    Locked
  • Phone
    Locked
  • Website
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  • Social
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  • Legal Name Enel X Italia S.R.L.
Operational Areas
Energy & Utilities → Energy Storage & Efficiency Unlock Sub-Sector Unlock Segment
Energy & Utilities → Renewable & Clean Energy Unlock Sub-Sector Unlock Segment
Energy & Utilities → Power Generation & Infrastructure Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $168 M (USD)

    in 11 rounds

  • Latest Funding Round
    $279 K (USD), Grant

    Jan 01, 2021

  • Investors
  • Employee Count
    Not available
  • Investments & Acquisitions
  • Acquired by
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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.

Product name locked
Category locked
Primary

Tools for optimizing energy consumption and reducing costs.

Product name locked
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Services for electric vehicle charging and fleet management.

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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.

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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Accelerator & incubator focused on clean energy firms
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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Investments are made in US expansion-stage energy and tech companies.
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Investor details for Enel X

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  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

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.

Investments
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Investment portfolio details for Enel X

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  • Transaction dates
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Mooney is engaged in providing payment and mobility solutions.
Locked Locked 2020 Locked
Equity-based crowdfunding platform focused on energy projects
Locked Locked 2018 Locked
Payment facilitation and merchant accounts are provided to businesses.
Locked Locked 2011 Locked
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Complete acquisition details for Enel X

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  • Acquired stakes
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Financial Statements - Enel X

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Detailed financials for Enel X

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  • Profit trends
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Enel X Comparisons

Enel X Primary company
Description
Utility-scale renewable energy projects are developed by Ene...
Location
Boston, United States
Founded Year
2001
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Enel X

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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.

Company Name Domain Founded year HQ Location Description
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Energy efficiency and smart grid management solutions
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Utility-scale and commercial solar projects are developed worldwide.
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Hardware and home improvement products are supplied to retail markets.
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Leap is focused on virtual power plant solutions.
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Cloud-based software enables demand response for home energy management.
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Detailed competitors of Enel X

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Latest news on Enel X

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Complete news archive for Enel X

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Frequently Asked Questions about Enel X

Enel X was founded in 2001 and raised its 1st funding round 4 years after it was founded.

Enel X is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.

Enel X is a funded company, having raised a total of $168M across 11 funding rounds to date.

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.

Enel X's top competitors include PowerSecure, Origis Energy and Leap.

Enel X offers Energy Management Solutions, Electric Mobility Services, and Smart Home Technologies.

Enel X has made 6 acquisitions, including CityPoste Payment, Mooney, and PayTipper.

Enel X has 8 investors. Key investors include European Union, MassCEC, Foundation Capital, Braemar Energy Ventures, and DFJ.

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