About Glowship
Glowship is a company based in Bengaluru (India) founded in 2010. Glowship has raised $805.1 thousand across 2 funding rounds from investors including Agami Ventures, Infuse Ventures and Ashok Vittal. Glowship offers products and services including Solar Integrated LED Outdoor Light, Shadow Mapper, Energy Consumption Pattern Mapper, and Solar for E-mobility. Glowship operates in a competitive market with competitors including Fourth Partner Energy, Sterling And Wilson, GREW, Mahindra Susten and Roofsol Energy, among others.
- Headquarter Bengaluru, India
- SectorsEnergy & Utilities
- Website glowship.in
- Social LinkedIn
- Legal Name Energystar Technologies Private Limited
- Date of Incorporation 02 Jun, 2014
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹18 Lakh
FY 2024 · -70% YoY
- Net Loss-₹13.1 Lakh
FY 2024 · -73% margin
- EBITDA-₹3.8 Lakh
FY 2024 · -21% margin
- Total Equity Funding$805.1K (USD)
in 2 rounds
- Latest Funding Round$626.12K (USD), Seed
Jun 2017
- InvestorsAgami Ventures
& 5 more
Associated legal entities of Glowship
Glowship operates through Energystar Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Energystar Technologies Private Limited CIN U74900KA2014PTC074681 | Active | 02 Jun 2014 | Bangalore, Karnataka | ₹0.2 Cr | – | 2 | View details |
Products & Services of Glowship
Glowship offers a comprehensive portfolio of products and services, including Solar Integrated LED Outdoor Light, Shadow Mapper, Energy Consumption Pattern Mapper, and Solar for E-mobility.
Delivers reliable solar-powered lighting for outdoor sites.
Estimates solar energy potential by mapping shadows accurately.
Analyzes building energy use to optimize solar installations.
Integrates solar power for electric vehicle solutions.
Funding Insights of Glowship
Glowship has successfully raised a total of $805.1K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $626.12 thousand completed in June 2017. 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 $805,097
- Total Rounds 2
- Last Round Seed — $626,117
- First Round $178,980
(Nov 2014)
- Investors Count 6
All 2 funding rounds of Glowship with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2017 | $626,117 | Seed | – | Infuse Ventures | |
| Nov 2014 | $178,980 | Seed | – | Agami Ventures, Infuse Ventures |
6 investors in total: 2 institutional and 4 angel.
Investors in Glowship
Glowship has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Agami Ventures, Infuse Ventures and Ashok Vittal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on the sustainability and clean energy sector | – | infuseventures.in | Ahmedabad, India | |
Investments in seed-stage companies focused on energy, infrastructure, and sustainable technology. | 2015 | agamiventures.in | Mumbai, India | |
AV Ashok Vittal | - | – | unknown_81b2d0be60cb43c49 | - |
NK Navneet Kapoor | Angel investor, tech leader, ex-SoftBank, focuses on early-stage Indian startups | – | unknown_53773427c3744a748 | - |
MN Mukundan Narasimahan | - | – | unknown_1297707f67754391b | - |
VN Vimala Nandakumar | - | – | unknown_ae6eaa6bd0134ed19 | - |
Investor details for Glowship
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Energystar Technologies Private Limited (Glowship)
Energystar Technologies Private Limited is the primary company behind Glowship. The board of Energystar Technologies Private Limited currently have 2 directors; the longest-serving is Panyam Seetharamaiah Raghuram, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Panyam Seetharamaiah Raghuram DIN 05217353 | Director | 02 May 2017 | 9 yrs 5 mo | Energystar Technologies Private Limited |
| Subba Rao Venkata Pothukuchi DIN 06864568 | Director | 25 Aug 2021 | 5 yrs 1 mo | Energystar Technologies Private Limited |
Financials of Glowship
Figures of Energystar Technologies Private Limited, the primary company behind Glowship, for FY 2024. Revenue was ₹18 Lakh (-70% year on year). Net loss was -₹13.1 Lakh (-73% margin). EBITDA was -₹3.8 Lakh (-21% margin). Revenue has grown at a compounded annual rate of -27% over three years and -27% over five years.
- ₹18 LakhRevenue · FY 2024 · -70% YoY
- -₹13.1 LakhNet loss · -73% margin
- -₹3.8 LakhEBITDA · -21% margin
- ₹1.6 LakhPaid-up capital
- -27%Revenue CAGR, 3 years
- -27%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Energystar Technologies Private Limited are on its company page.
Detailed financial statements for Glowship
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Glowship
3 dated milestones of Glowship across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Glowship is founded.
- Funding First funding round of $179K.
- Funding Latest funding round, Seed, of $626K.
Competitors of Glowship
Glowship 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 Fourth Partner Energy, Sterling And Wilson, GREW, Mahindra Susten and Roofsol Energy, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sterlingandwilson.com | 1927 | Mumbai, India | $50M | 6,013 | EPC and MEP services are provided across diverse sectors. | |
| grew.one | 2022 | Ahmedabad, India | $4.22M | 1,556 | Provider of a range of solar products and services | |
| mahindrasusten.com | 2010 | Mumbai, India | – | 180 | Turnkey EPC services for solar power plants are provided. | |
| roofsol.com | 2016 | Mumbai, India | $31.23M | 168 | Provides solar plant installations, providing engineering, procurement, and construction services | |
| insolare.com | 2008 | Bengaluru, India | $8.72M | 406 | Solar large-scale projects are developed and installed by InSolare Energy. | |
| sael.co | 1999 | Delhi, India | $61.45M | 153 | Renewable energy solutions are provided via solar and waste-to-energy initiatives. | |
| kiranenergy.com | 2010 | Mumbai, India | $44.4M | – | Grid-connected solar PV plants are developed and operated. | |
| enerparc.in | 2013 | Bengaluru, India | – | 88 | Develops solar energy projects to promote sustainable power solutions. | |
| swelectes.com | 1984 | Chennai, India | – | 319 | Turnkey EPC services for MW-scale solar farms are offered. |
Detailed competitors of Glowship
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Glowship
10 companies that operate in the same segment as Glowship (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 374.18 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Glowship
Glowship was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Glowship is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Glowship is a funded company, having raised a total of $805.1K across 2 funding rounds to date. The company's 1st funding round was a Seed of $178.98K, raised on Nov 2014.
The primary company behind Glowship, Energystar Technologies Private Limited, reported revenue of ₹18 Lakh for FY 2024, down 70% year on year.
Glowship was founded in 2010 and is headquartered in Bengaluru, India. Operations focus on the renewable energy sector, where solar engineering, procurement, and construction services are delivered. Projects are managed from design through implementation, supporting solar infrastructure development across India. Expertise is applied to ensure compliance with industry standards and efficient project execution in various geographic regions.
Glowship's top competitors include Fourth Partner Energy, GREW and Sukhbir Agro Energy.
Glowship offers Solar Integrated LED Outdoor Light, Shadow Mapper, Energy Consumption Pattern Mapper, and Solar for E-mobility.
Glowship has 6 investors. Key investors include Agami Ventures, Infuse Ventures, Ashok Vittal, Navneet Kapoor, and Mukundan Narasimahan.
Glowship operates through Energystar Technologies Private Limited.
The legal entities of Glowship currently have 2 directors, including Panyam Seetharamaiah Raghuram, Subba Rao Venkata Pothukuchi.