About Fluence
Fluence is a company founded in 2018. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). Fluence has raised $125 million across 1 funding round from investors including Qatar Investment Authority. The company has 1,590 employees as of September 30, 2024. Fluence has completed 2 acquisitions, including Advanced Microgrid Solutions and Nispera. Fluence offers products and services including Smartstack, Gridstack Pro, Mosaic, and Nispera. Fluence operates in a competitive market with competitors including Alsym Energy, Exro, Powerstar, Connected Energy and Redback Technologies, among others.
- Employees 1590 as on 30 Sep, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fluence Energy, Inc.
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Annual Revenue
$2.7 B21.67as on Sep 30, 2024
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Net Profit
$22.72 M132.63as on Sep 30, 2024
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EBITDA
$38.05 M132.92as on Sep 30, 2024
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Total Equity Funding
$125 M (USD)
in 1 rounds
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Latest Funding Round
$125 M (USD), Series D
Dec 30, 2020
- Investors
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Employee Count
1590
as on Sep 30, 2024
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Investments & Acquisitions
Advanced Microgrid Solutions
& 1 more
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IPO & Listings of Fluence
Fluence is a publicly listed company on the NASDAQ with ticker symbol FLNC in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Fluence
Fluence offers a comprehensive portfolio of products and services, including Smartstack, Gridstack Pro, Mosaic, and Nispera. 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.
High-density AC-based energy storage platform is provided.
Advanced energy storage solution for grid applications offered.
Intelligent bidding software for energy optimization is delivered.
Asset performance management software for renewables is provided.
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Leadership Team
62 people
Software Development Team
59 people
Sales and Marketing
37 people
Finance and Accounting
31 people
Human Resources and Administration
27 people
Product Management Team
17 people
Senior Team
16 people
Operations Team
16 people
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Funding Insights of Fluence
Fluence has successfully raised a total of $125M through 1 strategic funding round. The most recent funding activity was a Series D round of $125 million completed in December 2020. 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 1
- Last Round Series D — $125.0M
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First Round
First Round
(30 Dec 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series D - Fluence | Valuation | Qatar Investment Authority |
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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 Fluence
Fluence has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Qatar Investment Authority. 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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A sovereign wealth fund backed by Qatar, managing investments and funds.
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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 Fluence
Fluence has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Advanced Microgrid Solutions and Nispera. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Renewable energy assets are managed, monitored, and forecasted by Nispera.
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2015 | ||||
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Distributed energy resources are managed by AMS via software platforms.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fluence
| 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 |
Fluence Comparisons
Competitors of Fluence
Fluence 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 Alsym Energy, Exro, Powerstar, Connected Energy and Redback Technologies, 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 |
Non-flammable battery solutions are provided for vehicles and storage systems.
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| domain | founded_year | HQ Location |
Developer of power electronics for electric vehicles and energy storage
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| domain | founded_year | HQ Location |
Voltage optimization, energy storage, and smart transformer equipment are manufactured.
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| domain | founded_year | HQ Location |
Battery energy storage systems are supplied to various industries.
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| domain | founded_year | HQ Location |
Developer of solar power packs for home
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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 Fluence
Frequently Asked Questions about Fluence
When was Fluence founded?
Fluence was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Who is the current CEO of Fluence?
Stephen Coughlin is the current CEO of Fluence.
Is Fluence a funded company?
Fluence is a funded company, having raised a total of $125M across 1 funding round to date. The company's 1st funding round was a Series D of $125M, raised on Dec 30, 2020.
How many employees does Fluence have?
As of Sep 30, 2024, the latest employee count at Fluence is 1,590.
What is the annual revenue of Fluence?
Annual revenue of Fluence is $2.7B as on Sep 30, 2024.
What does Fluence do?
Fluence is engaged in enabling the global clean energy transition through market-leading energy storage products and services. Digital applications for renewables and storage are developed to optimize asset performance. Solutions such as Smartstack and Gridstack are designed for industrial applications, while software like Mosaic and Nispera enhances bidding and management. The company operates across multiple sectors including renewable energy and grid infrastructure, with a focus on sustainability and efficiency in energy use.
Who are the top competitors of Fluence?
Fluence's top competitors include Connected Energy, Exro and On.Energy.
What products or services does Fluence offer?
Fluence offers Smartstack, Gridstack Pro, Mosaic, and Nispera.
Is Fluence publicly traded?
Yes, Fluence is publicly traded on NASDAQ under the ticker symbol FLNC.
How many acquisitions has Fluence made?
Fluence has made 2 acquisitions, including Advanced Microgrid Solutions, and Nispera.
Who are Fluence's investors?
Fluence has 1 investor. Key investors include Qatar Investment Authority.
What is Fluence's ticker symbol?
The ticker symbol of Fluence is FLNC on NASDAQ.
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