About GE Vernova
GE Vernova is a company based in Cambridge (United States) founded in 1878.. GE Vernova has raised $250 million across 26 funding rounds from investors including Dominion Energy, European Union and Ministry of Economy, Finance and Industrial and Digital Sovereignty. The company has 2,260 employees as of March 31, 2024. GE Vernova has completed 3 acquisitions, including Alteia, Greenbird and Rob-Ex. GE Vernova offers products and services including Wind Turbines and Grid Solutions.
- Headquarter Cambridge, United States
- Employees 2260 as on 31 Mar, 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
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- Legal Name Ge Vernova T&D India Limited
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Annual Revenue
$501.4 M (USD)35.49as on Mar 31, 2024
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Net Profit
$71.03 M (USD)236as on Mar 31, 2024
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EBITDA
$97.78 M (USD)142.56as on Mar 31, 2024
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Total Equity Funding
$250 M (USD)
in 26 rounds
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Latest Funding Round
$2.73 M (USD), Grant
Sep 01, 2023
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Investors
Dominion Energy
& 3 more
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Employee Count
2260
as on Mar 31, 2024
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Investments & Acquisitions
Alteia
& 2 more
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IPO & Listings of GE Vernova
GE Vernova is a publicly listed company on the NSE with ticker symbol GVT&D in India, 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 GE Vernova
GE Vernova offers a comprehensive portfolio of products and services, including Wind Turbines and Grid Solutions. 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.
Wind turbines are provided for onshore and offshore power generation to support sustainable energy production.
Grid solutions are offered to facilitate grid modernization and the integration of renewables for enhanced energy systems.
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Software Development Team
189 people
Leadership Team
64 people
Sales and Marketing
56 people
Product Management Team
36 people
Finance and Accounting
28 people
Senior Team
23 people
Operations Team
23 people
Legal and Compliance
20 people
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Funding Insights of GE Vernova
GE Vernova has successfully raised a total of $250M across 26 strategic funding rounds. The most recent funding activity was a Grant round of $2.73 million completed in September 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 26
- Last Round Grant — $2.7M
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First Round
First Round
(06 Mar 2007)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2023 | Amount | Grant - GE Vernova | Valuation |
investors |
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| Sep, 2022 | Amount | Grant - GE Vernova | Valuation |
investors |
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| Feb, 2022 | Amount | Grant - GE Vernova | 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 GE Vernova
GE Vernova has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Dominion Energy, European Union and Ministry of Economy, Finance and Industrial and Digital Sovereignty. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Energy production and transportation are conducted by Dominion Energy.
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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 GE Vernova
GE Vernova has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Alteia, Greenbird and Rob-Ex. 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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Cloud-driven AI platform for enterprise visual intelligence is offered.
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2020 | ||||
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Open-source middleware for IoT data integration is developed.
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2010 | ||||
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Production scheduling software solutions are provided for manufacturing optimization.
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1999 |
| 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 - GE Vernova
| 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 |
Ge Vernova Comparisons
Competitors of GE Vernova
| 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 Ge Vernova
Frequently Asked Questions about GE Vernova
When was GE Vernova founded?
GE Vernova was founded in 1878 and raised its 1st funding round 129 years after it was founded.
Where is GE Vernova located?
GE Vernova is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of GE Vernova?
Scott Strazik is the current CEO of GE Vernova.
Is GE Vernova a funded company?
GE Vernova is a funded company, having raised a total of $250M across 26 funding rounds to date. The company's 1st funding round was a Grant of $903.88K, raised on Mar 06, 2007.
How many employees does GE Vernova have?
As of Mar 31, 2024, the latest employee count at GE Vernova is 2,260.
What is the annual revenue of GE Vernova?
Annual revenue of GE Vernova is $501.4M as on Mar 31, 2024.
What does GE Vernova do?
GE Vernova, founded in 1878 in Cambridge, United States, focuses on working in the energy sector, and services for energy efficiency. Provider of energy generation services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
What products or services does GE Vernova offer?
GE Vernova offers Wind Turbines and Grid Solutions.
Is GE Vernova publicly traded?
Yes, GE Vernova is publicly traded on NSE under the ticker symbol GVT&D.
How many acquisitions has GE Vernova made?
Who are GE Vernova's investors?
GE Vernova has 4 investors. Key investors include Dominion Energy, European Union, Ministry of Economy, Finance and Industrial and Digital Sovereignty, and OSTI.GOV.
What is GE Vernova's ticker symbol?
The ticker symbol of GE Vernova is GVT&D on NSE.