About Erco
Erco is a company based in Medellin (Colombia) founded in 2012.. Erco offers products and services including Solar Energy Service, Retail Efficiency, Storage Solutions, Asset Management, and Electric Mobility. Erco operates in a competitive market with competitors including Terabase, Charge Robotics, Glint Solar, Solcast and SolView, among others.
- Headquarter Medellin, Colombia
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Sectors
TechnologyEnergy & Utilities
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Norfund
& 2 more
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Employee Count
Employee Count
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Products & Services of Erco
Erco offers a comprehensive portfolio of products and services, including Solar Energy Service, Retail Efficiency, Storage Solutions, Asset Management, and Electric Mobility. 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.
Generates and delivers clean solar power to reduce emissions
Optimizes energy retail for efficient consumption and cost savings
Provides systems for storing renewable energy for reliable use
Manages solar projects for maximum performance and reliability
Offers solutions for electric vehicles and charging infrastructure
Funding Insights of Erco
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Erco | Valuation |
investors |
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| Dec, 2016 | Amount | Seed - Erco | Valuation | FCP Innovation , Innova Capital Partners |
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| 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 Erco
Erco has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Norfund, FCP Innovación and Innova Capital Partners. 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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It invests in developing countries to create jobs and improve lives
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Founded Year | Domain | Location | |
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Private capital is managed by FCP Innovación for growth ventures.
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Founded Year | Domain | Location | |
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Energy sector focused VC firm investing in geographies such as 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 Erco
| 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 - Erco
| 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 |
Erco Comparisons
Competitors of Erco
Erco 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 Terabase, Charge Robotics, Glint Solar, Solcast and SolView, 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 |
Web-based platform for solar power plant optimization is developed.
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| domain | founded_year | HQ Location |
Robots for solar farm construction are manufactured.
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| domain | founded_year | HQ Location |
Cloud-based software for solar project design and optimization is offered.
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| domain | founded_year | HQ Location |
Solar forecasting APIs are provided by Solcast using satellite data.
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| domain | founded_year | HQ Location |
Offers solar data analytics platform
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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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Frequently Asked Questions about Erco
When was Erco founded?
Erco was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is Erco located?
Erco is headquartered in Medellin, Colombia. It is registered at Medellin, Antioquia, Colombia.
Who is the current CEO of Erco?
Juan Camilo Lopez is the current CEO of Erco.
What does Erco do?
Erco was established in 2012 in Medellin, Colombia, within the renewable energy sector. A platform for solar project construction is offered, targeting solar energy developments. Sustainable solutions are delivered to residential and commercial entities. Asset management and energy marketing are managed through these services, supporting operations in the region.
Who are the top competitors of Erco?
Erco's top competitors include Terabase, Charge Robotics and Glint Solar.
What products or services does Erco offer?
Erco offers Solar Energy Service, Retail Efficiency, Storage Solutions, Asset Management, and Electric Mobility.
Who are Erco's investors?
Erco has 3 investors. Key investors include Norfund, FCP Innovación, and Innova Capital Partners.