About FlexGen
FlexGen is a company based in Durham (United States) founded in 2009.. FlexGen has raised $276.49 million across 7 funding rounds from investors including First National Bank, BNP Paribas and J P Morgan. FlexGen offers products and services including HybridOS EMS, HybridOS Analyze, and HybridOS Control BMS.
- Headquarter Durham, United States
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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
*********
- Legal Name Flexgen Power Systems, 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
$276.49 M (USD)
in 7 rounds
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Latest Funding Round
$75 M (USD), Debt – Conventional
Jan 22, 2025
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Investors
First National Bank
& 8 more
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Employee Count
Employee Count
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Products & Services of FlexGen
FlexGen offers a comprehensive portfolio of products and services, including HybridOS EMS, HybridOS Analyze, and HybridOS Control BMS. 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.
Software for controlling and optimizing battery energy storage systems.
Remote monitoring tool for evaluating battery health and performance.
System enhancing security and performance for energy storage assets.
Unlock access to complete
Funding Insights of FlexGen
FlexGen has successfully raised a total of $276.49M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $75 million completed in January 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 7
- Last Round Debt – Conventional — $75.0M
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First Round
First Round
(30 Jul 2015)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Debt – Conventional - FlexGen | Valuation |
investors |
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| Jul, 2022 | Amount | Series C - FlexGen | Valuation | Vitol | |
| Aug, 2021 | Amount | Series B - FlexGen | Valuation | Apollo Global Management |
| 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 FlexGen
FlexGen has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include First National Bank, BNP Paribas and J P Morgan. 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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Growth stage energy sector focused VC firm investing primarily in the US and Canada
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Founded Year | Domain | Location | |
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Buyouts are targeted through private equity investments by the firm.
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Founded Year | Domain | Location | |
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Commercial banking services are provided to individuals and institutions globally.
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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 FlexGen
| 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 - FlexGen
| 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 |
Flexgen Comparisons
Competitors of FlexGen
| 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 Flexgen
Frequently Asked Questions about FlexGen
When was FlexGen founded?
FlexGen was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Where is FlexGen located?
FlexGen is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Is FlexGen a funded company?
FlexGen is a funded company, having raised a total of $276.49M across 7 funding rounds to date. The company's 1st funding round was a Series B of $150M, raised on Jul 30, 2015.
What does FlexGen do?
FlexGen was founded in 2009 in Durham, United States, and operates in the energy storage sector. Hybrid-power storage solutions are provided for oil and gas industries as well as grid applications. Systems feature 480-600V potential, 200-900kW output, and 250-1100kVA capacity. Integration with power generators is included, allowing energy storage to support loads. Proprietary algorithms are utilized for optimization of storage and supply.
What products or services does FlexGen offer?
FlexGen offers HybridOS EMS, HybridOS Analyze, and HybridOS Control BMS.
Who are FlexGen's investors?
FlexGen has 9 investors. Key investors include First National Bank, BNP Paribas, J P Morgan, Santander, and Apollo Global Management.