About Freyr Energy
Freyr Energy is a company based in Hyderabad (India) founded in 2014 by Saurabh Marda and Radhika Choudary.. Freyr Energy has raised $13.23 million across 5 funding rounds from investors including Schneider Electric, DOEN Foundation and C4D Partners. The company has 401 employees as of May 29, 2025. Freyr Energy offers products and services including Rooftop Solar Panels, Freyr Energy App, and Solar Installation Services. Freyr Energy operates in a competitive market with competitors including Lightsource BP, Fourth Partner Energy, Sterling And Wilson, Prozeal Green and GREW, among others.
- Headquarter Hyderabad, India
- Employees 401 as on 29 May, 2025
- Founders Saurabh Marda, Radhika Choudary
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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 Freyr Energy Services Pvt Ltd
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$11.9 M (USD)57.42as on Mar 31, 2024
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Net Profit
$80.61 K (USD)166.8as on Mar 31, 2024
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EBITDA
$806.94 K (USD)83.26as on Mar 31, 2024
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Total Equity Funding
$13.23 M (USD)
in 5 rounds
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Latest Funding Round
$6.98 M (USD), Series B
Oct 16, 2023
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Investors
Schneider Electric
& 6 more
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Employee Count
401
as on May 29, 2025
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Products & Services of Freyr Energy
Freyr Energy offers a comprehensive portfolio of products and services, including Rooftop Solar Panels, Freyr Energy App, and Solar Installation Services. 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.
Provides solar panels for energy generation and cost savings in homes
Mobile app for tracking solar performance and maintenance support
Handles consultation, setup, and financing for solar systems
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Funding Insights of Freyr Energy
Freyr Energy has successfully raised a total of $13.23M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $6.98 million completed in October 2023. 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 B — $7.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series B - Freyr Energy | Valuation | ElectriFI | |
| Apr, 2021 | Amount | Series A - Freyr Energy | Valuation | Schneider Electric , TotalEnergies Carbon Neutrality Ventures | |
| Nov, 2018 | Amount | Debt – Conventional - Freyr Energy | 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 Freyr Energy
Freyr Energy has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Schneider Electric, DOEN Foundation and C4D Partners. 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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Investments in energy tech startups are made by Maybright Ventures.
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Founded Year | Domain | Location | |
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Impact investing in SMEs with focuses on climate action, livelihood, and gender equity.
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Founded Year | Domain | Location | |
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Venture capital and infrastructure fund focused on technology and energy sectors
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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 Freyr Energy
| 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 - Freyr Energy
| 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 |
Freyr Energy Comparisons
Competitors of Freyr Energy
Freyr Energy 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 Lightsource BP, Fourth Partner Energy, Sterling And Wilson, Prozeal Green and GREW, 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 energy projects are developed and operated by Lightsource BP.
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| domain | founded_year | HQ Location |
On-grid and off-grid solar solutions and products are provided.
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| domain | founded_year | HQ Location |
EPC and MEP services are provided across diverse sectors.
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| domain | founded_year | HQ Location |
Provider of solar EPC, IPP services, and battery energy storage systems
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| domain | founded_year | HQ Location |
Provider of a range of solar products and services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Freyr Energy
Frequently Asked Questions about Freyr Energy
When was Freyr Energy founded?
Freyr Energy was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Freyr Energy located?
Freyr Energy is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Freyr Energy?
Saurabh Marda is the current CEO of Freyr Energy. They have also founded this company.
Is Freyr Energy a funded company?
Freyr Energy is a funded company, having raised a total of $13.23M across 5 funding rounds to date.
How many employees does Freyr Energy have?
As of May 29, 2025, the latest employee count at Freyr Energy is 401.
What is the annual revenue of Freyr Energy?
Annual revenue of Freyr Energy is $11.9M as on Mar 31, 2024.
What does Freyr Energy do?
Freyr Energy was founded in 2014 in Hyderabad, India, within the renewable energy sector. Solar panel systems are provided for both residential and commercial uses, with operations focused on project development and installation. Real-time monitoring of solar systems is enabled through user-accessible platforms, where personalized insights are delivered to support energy management. The companys activities are centered in India, addressing local energy needs.
Who are the top competitors of Freyr Energy?
Freyr Energy's top competitors include Lightsource BP, Fourth Partner Energy and GREW.
What products or services does Freyr Energy offer?
Freyr Energy offers Rooftop Solar Panels, Freyr Energy App, and Solar Installation Services.
Who are Freyr Energy's investors?
Freyr Energy has 7 investors. Key investors include Schneider Electric, DOEN Foundation, C4D Partners, VT Capital, and ElectriFI.