About Exowatt
Exowatt is a company based in Miami (United States) founded in 2023 by Jack Abraham, Hannan P, and Sushrut Bapat.. Exowatt has raised $105 million across 5 funding rounds from investors including AtomicVest, StepStone Group and HSBC Innovation Bank. Exowatt offers products and services including Exowatt P3 and Intelligent Control Software. Exowatt operates in a competitive market with competitors including SolarCity, Sunnova, 3Degrees, GreenVolts and Faro Energy, among others.
- Headquarter Miami, United States
- Founders Jack Abraham, Hannan P, Sushrut Bapat
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Sectors
Energy & 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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- Legal Name Exowatt, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$105 M (USD)
in 5 rounds
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Latest Funding Round
$50 M (USD), Series A
Nov 13, 2025
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Investors
AtomicVest
& 24 more
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Employee Count
Employee Count
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Products & Services of Exowatt
Exowatt offers a comprehensive portfolio of products and services, including Exowatt P3 and Intelligent Control Software. 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.
Modular solar unit for 24-hour dispatchable power storage
Software for real-time energy monitoring and dispatch
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Funding Insights of Exowatt
Exowatt has successfully raised a total of $105M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $50 million completed in November 2025. 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 5
- Last Round Series A — $50.0M
- First Round First Round
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Series A - Exowatt | Valuation | MVP Ventures , 8090 Industries | |
| Apr, 2025 | Amount | Debt – Conventional - Exowatt | Valuation |
investors |
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| Apr, 2025 | Amount | Series A - Exowatt | Valuation | Felicis Ventures |
| 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 Exowatt
Exowatt has secured backing from 25 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include AtomicVest, StepStone Group and HSBC Innovation Bank. 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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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Industrial breakthroughs are supported through venture capital investments.
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Founded Year | Domain | Location | |
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Investments in technology startups are made by Felicis Ventures.
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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 Exowatt
| 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 - Exowatt
| 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 |
Exowatt Comparisons
Competitors of Exowatt
Exowatt 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 SolarCity, Sunnova, 3Degrees, GreenVolts and Faro Energy, 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 |
Solar power systems are designed, financed, and installed for clients.
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| domain | founded_year | HQ Location |
Solar services are provided to residential and commercial customers.
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| domain | founded_year | HQ Location |
Clean energy consulting and services are offered to support sustainability.
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| domain | founded_year | HQ Location |
Provides utility-scale concentrated photovoltaic solutions for energy generation.
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| domain | founded_year | HQ Location |
Solar installation company
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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 Exowatt
Frequently Asked Questions about Exowatt
When was Exowatt founded?
Exowatt was founded in 2023.
Where is Exowatt located?
Exowatt is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Who is the current CEO of Exowatt?
Hannan P is the current CEO of Exowatt. They have also founded this company.
Is Exowatt a funded company?
Exowatt is a funded company, having raised a total of $105M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $35M, raised on Jun 01, 2023.
What does Exowatt do?
Exowatt was founded in 2023 and is based in Miami, United States. Operations center on renewable energy solutions in the decarbonization sector, targeting commercial and industrial customers through modular full-stack systems. Energy is stored as heat rather than electricity, reducing costs compared to electrochemical batteries. A recent launch included 20 million in funding to support data center power needs in the AI sector.
Who are the top competitors of Exowatt?
What products or services does Exowatt offer?
Exowatt offers Exowatt P3 and Intelligent Control Software.
Who are Exowatt's investors?
Exowatt has 25 investors. Key investors include AtomicVest, StepStone Group, HSBC Innovation Bank, Andreessen Horowitz, and 8090 Industries.
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