About Firefly International Energy
Firefly International Energy is an Energy & Utilities company based in Peoria (United States) founded in 2003 by Mukesh Bhandari. Lead-acid battery technologies, including microcell foam-based systems, are provided. Firefly International Energy has raised $29 million across 3 funding rounds from investors including Caterpillar, Khosla Ventures and United Defense Industries. Its Indian entity Firefly Energy Limited reported revenue of ₹15.7 Lakh. Firefly International Energy offers products and services including OASIS and MCF. Its focus areas include Energy.
Company details
Firefly International Energy was founded in 2003 in Peoria, United States. Lead-acid battery technologies are developed and supplied within the energy storage sector. The initial technology applied involves microcell foam-based batteries for enhanced performance. Operations are centered on advancing battery solutions for industrial and automotive uses, with a focus on reliability and efficiency in the domestic market.
- Headquarters Peoria, United States
- Founders Mukesh Bhandari
- SectorsEnergy & Utilities
- Website fireflyenergy.com
- Social LinkedIn
- Legal Name Firefly Energy Limited
- Date of Incorporation 15 Jul, 1993
- Jurisdiction Ahmedabad, Gujarat, India
- Indian entity revenue₹15.7 Lakh
FY 2017 · +212% YoY
- Indian entity net loss-₹27.4 Lakh
FY 2017 · -175% margin
- Indian entity EBITDA-₹3.7 Lakh
FY 2017 · -23% margin
- Total Equity Funding$29M (USD)
in 3 rounds
- Latest Funding Round$15M (USD), Series C
Jun 2008
- InvestorsCaterpillar
& 7 more
Associated legal entities of Firefly International Energy
Firefly International Energy operates through Firefly Energy Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Firefly Energy Limited CIN U29219GJ1993PLC019848 | Active | 15 Jul 1993 | Ahmedabad, Gujarat | ₹0.2 Cr | 3 | View details |
Products & Services of Firefly International Energy
Firefly International Energy offers a comprehensive portfolio of products and services, including OASIS and MCF.
Carbon foam-based energy storage solutions are offered for various industrial uses.
Carbon foam batteries are provided for applications in renewable energy and transportation.
Funding Insights of Firefly International Energy
Firefly International Energy has successfully raised a total of $29M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $15 million completed in June 2008. 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 $29M
- Total Rounds 3
- Last Round Series C — $15M
- First Round $4M
(Oct 2004)
- Investors Count 8
All 3 funding rounds of Firefly International Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2008 | $15M | Series C | – | – | |
| Nov 2006 | $10M | Series B | – | – | |
| Oct 2004 | $4M | Series A | – | – |
8 investors in total: 8 institutional.
Investors in Firefly International Energy
Firefly International Energy has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Caterpillar, Khosla Ventures and United Defense Industries.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States | |
| infieldcapital.com | ||||
Tech & Life Sciences focused VC firm investing in early stage startups in the US | kbpartners.com | Highland Park, United States | ||
| heartlandnetwork.org | ||||
| il-fa.com | ||||
| starkcapital.com | ||||
Construction and mining equipment, engines, and locomotives are manufactured. | 1925 | caterpillar.com | United States | |
Modular saunas are manufactured and installed ready-to-use. | 1994 | uniteddefense.com | Arlington, United States |
Investor details for Firefly International Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Firefly Energy Limited (Firefly International Energy)
Firefly Energy Limited is the primary company behind Firefly International Energy. The board of Firefly Energy Limited currently have 3 directors; the longest-serving is Chaturbhai Ambaram Prajapati, appointed in 2012. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chaturbhai Ambaram Prajapati DIN 02235552 | Additional Director | 19 Jan 2012 | 14 yrs 9 mo | Firefly Energy Limited |
| Ashish Viklifbhai Christian DIN 02239005 | Additional Director | 21 Aug 2012 | 14 yrs 2 mo | Firefly Energy Limited |
| Sanjay Dashrathlal Patel DIN 07441841 | Additional Director | 04 Mar 2016 | 10 yrs 8 mo | Firefly Energy Limited |
People of Firefly International Energy
1 people are tracked at Firefly International Energy (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Firefly International Energy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Firefly International Energy
Figures of Firefly Energy Limited, the primary company behind Firefly International Energy, for FY 2017. Revenue was ₹15.7 Lakh (+212% year on year). Net loss was -₹27.4 Lakh (-175% margin). EBITDA was -₹3.7 Lakh (-23% margin). Revenue has grown at a compounded annual rate of -80% over three years.
- ₹15.7 LakhRevenue · FY 2017 · +212% YoY
- -₹27.4 LakhNet loss · -175% margin
- -₹3.7 LakhEBITDA · -23% margin
- ₹4.71 CrPaid-up capital
- -80%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Firefly Energy Limited are on its company page.
Detailed financial statements for Firefly International Energy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Firefly International Energy
3 dated milestones of Firefly International Energy across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Firefly International Energy is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series C, of $15.0M.
Web traffic of Firefly International Energy
Websites that share an audience with Firefly International Energy (fireflyenergy.com).
Websites whose visitors overlap most with Firefly International Energy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| altairnano.com | 100% | 1.7K | #9,586,548 | View details |
Top companies in Power Transmission & Distribution
2 companies that operate in the same segment as Firefly International Energy (Power Transmission & Distribution) in United States, ranked by their profile score on The Company Check.
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Frequently Asked Questions about Firefly International Energy
Firefly International Energy was founded in 2003 and raised its 1st funding round 1 year after it was founded.
Firefly International Energy is headquartered in Peoria, United States. It is registered at Peoria, Illinois, United States.
Firefly International Energy is a funded company, having raised a total of $29M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Oct 2004.
The primary company behind Firefly International Energy, Firefly Energy Limited, reported revenue of ₹15.7 Lakh for FY 2017, up 212% year on year.
Firefly International Energy was founded in 2003 in Peoria, United States. Lead-acid battery technologies are developed and supplied within the energy storage sector. The initial technology applied involves microcell foam-based batteries for enhanced performance. Operations are centered on advancing battery solutions for industrial and automotive uses, with a focus on reliability and efficiency in the domestic market.
Firefly International Energy offers OASIS and MCF.
Firefly International Energy has 8 investors. Key investors include Caterpillar, Khosla Ventures, United Defense Industries, Infield Capital, and KB Partners.
Firefly International Energy operates through Firefly Energy Limited.
The legal entities of Firefly International Energy currently have 3 directors, including Sanjay Dashrathlal Patel, Ashish Viklifbhai Christian, Chaturbhai Ambaram Prajapati.