About ForVEI
ForVEI is a company based in Milano (Italy) founded in 2011 was acquired by ERG in November 2017.. ForVEI has raised $22.2 million across 2 funding rounds from investors including Quercus Real Assets, ERG and CDC Infrastructure. ForVEI operates in a competitive market with competitors including Octopus Energy, Enel Green Power, Acciona Energy, EF Solare Italia and ICQ Holding, among others.
- Headquarter Milano, Italy
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.2 M (USD)
in 2 rounds
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Latest Funding Round
$11.06 M (USD), Private Equity Round
Jul 01, 2012
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Investors
Quercus Real Assets
& 2 more
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Employee Count
Employee Count
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Acquired by
ERG
(Nov 17, 2017)
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Funding Insights of ForVEI
ForVEI has successfully raised a total of $22.2M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $11.06 million completed in July 2012. 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 2
- Last Round Private Equity Round — $11.1M
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First Round
First Round
(01 Jun 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2012 | Amount | Private Equity Round - ForVEI | Valuation |
investors |
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| Jun, 2011 | Amount | Private Equity Round - ForVEI | Valuation |
investors |
| 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 ForVEI
ForVEI has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Quercus Real Assets, ERG and CDC Infrastructure. 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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An infrastructure investment firm specializing in transportation and energy sectors.
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Founded Year | Domain | Location | |
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Diversified investment management in real assets is provided.
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Founded Year | Domain | Location | |
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Independent power from renewable sources is produced by ERG.
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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 ForVEI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2016 |
Financial Statements - ForVEI
| 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 |
Forvei Comparisons
Competitors of ForVEI
ForVEI 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 Octopus Energy, Enel Green Power, Acciona Energy, EF Solare Italia and ICQ Holding, 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 |
Utility bill management platform is provided for tracking and billing.
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| domain | founded_year | HQ Location |
Operator of hydro, geothermal, wind, solar, and biogas power plants
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| domain | founded_year | HQ Location |
Renewable energy is developed, constructed, and marketed globally.
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| domain | founded_year | HQ Location |
Solar power plants are developed and operated across Italian regions.
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| domain | founded_year | HQ Location |
Turnkey solutions for renewable energy projects are provided.
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| domain | founded_year | HQ Location |
Independent power producers and investors
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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 Forvei
Frequently Asked Questions about ForVEI
When was ForVEI founded?
ForVEI was founded in 2011.
Where is ForVEI located?
ForVEI is headquartered in Milano, Italy.
Is ForVEI a funded company?
ForVEI is a funded company, having raised a total of $22.2M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $11.14M, raised on Jun 01, 2011.
What does ForVEI do?
ForVEI was established in 2011 as a joint venture involving Foresight Solar VCT, Adenium Solar Energy, CDC Infrastructure, Quercus Renewable Energy, and VEI Green. Renewable energy assets are acquired in Europe, with operations focused on the solar sector. A portfolio of solar power plants in Italy is maintained, reaching a capacity of 90MW. The company is based in Milano, Italy, supporting infrastructure investments in the region.
Who are the top competitors of ForVEI?
ForVEI's top competitors include Octopus Energy, Acciona Energy and Enel Green Power.
Who are ForVEI's investors?
ForVEI has 3 investors. Key investors include Quercus Real Assets, ERG, and CDC Infrastructure.
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