About Enevate
Enevate is a company based in Irvine (United States) founded in 2006 by Benjamin Park.. Enevate has raised $148.2 million across 8 funding rounds from investors including Fidelity Investments, Bangchak and LG Chem. The company has 72 employees as of December 31, 2022. Enevate operates in a competitive market with competitors including Exponent Energy, StoreDot, Verkor, Ionblox and Samsung SDI, among others.
- Headquarter Irvine, United States
- Employees 72 as on 31 Dec, 2022
- Founders Benjamin Park
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Enevate Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$148.2 M (USD)
in 8 rounds
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Latest Funding Round
$81 M (USD), Series E
Feb 10, 2021
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Investors
Fidelity Investments
& 11 more
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Employee Count
72
as on Dec 31, 2022
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Funding Insights of Enevate
Enevate has successfully raised a total of $148.2M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $81 million completed in February 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 8
- Last Round Series E — $81.0M
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First Round
First Round
(30 Jun 2008)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series E - Enevate | Valuation | Fidelity Investments | |
| Apr, 2019 | Amount | Series B - Enevate | Valuation | Bangchak |
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| Oct, 2018 | Amount | Series B - Enevate | Valuation |
investors |
| 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 Enevate
Enevate has secured backing from 12 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, Bangchak and LG Chem. 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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VC firm for early-stage startups
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Founded Year | Domain | Location | |
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Quantum technology commercialization is supported through strategic investments.
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Founded Year | Domain | Location | |
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Tech & Energy focused Early & Growth stage Impact VC firm investing primarily in China and 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 Enevate
| 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 - Enevate
| 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 |
Enevate Comparisons
Competitors of Enevate
Enevate 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 Exponent Energy, StoreDot, Verkor, Ionblox and Samsung SDI, 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 |
Rapid-charging technology for electric vehicles is developed and scaled.
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| domain | founded_year | HQ Location |
Fast-charging lithium batteries for electric vehicles are developed and manufactured.
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| domain | founded_year | HQ Location |
Lithium-ion batteries are manufactured for electric vehicles and storage.
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| domain | founded_year | HQ Location |
Manufacturer of lithium-ion batteries
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| domain | founded_year | HQ Location |
Manufacturer of rechargeable batteries and components for energy storage
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| 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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Latest news on Enevate
Frequently Asked Questions about Enevate
When was Enevate founded?
Enevate was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Where is Enevate located?
Enevate is headquartered in Irvine, United States. It is registered at Irvine, California, United States.
Is Enevate a funded company?
Enevate is a funded company, having raised a total of $148.2M across 8 funding rounds to date.
How many employees does Enevate have?
As of Dec 31, 2022, the latest employee count at Enevate is 72.
What does Enevate do?
Enevate was founded in 2006 and is headquartered in Irvine, United States. Operations focus on the development of lithium-ion battery technology within the energy storage sector. Rechargeable batteries are provided through a platform that utilizes specialized materials and structures. These enable higher energy capacity in reduced sizes while ensuring compatibility with standard lithium-ion applications.
Who are the top competitors of Enevate?
Enevate's top competitors include Exponent Energy, StoreDot and Verkor.
Who are Enevate's investors?
Enevate has 12 investors. Key investors include Fidelity Investments, Bangchak, LG Chem, European Union, and Mission Ventures.
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