About Hover Energy
Hover Energy is a company based in Carrollton (United States) founded in 2015.. Hover Energy has raised $1.66 million across 3 funding rounds. Hover Energy has completed 1 acquisition, including SHINE Partners. Hover Energy offers products and services including Wind-Powered Microgrid. Hover Energy operates in a competitive market with competitors including Vestas, Ogin Energy, CTC Global, Goldwind Americas and Nordic WindPower, among others.
- Headquarter Carrollton, United States
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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 Hover Energy Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.66 M (USD)
in 3 rounds
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Latest Funding Round
$780 K (USD), Debt – Conventional
Jul 31, 2023
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Hover Energy
Hover Energy offers a comprehensive portfolio of products and services, including Wind-Powered Microgrid. 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.
Generates onsite power using wind to enhance energy efficiency and sustainability
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Funding Insights of Hover Energy
Hover Energy has successfully raised a total of $1.66M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $780 thousand completed in July 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 3
- Last Round Debt – Conventional — $780,000
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First Round
First Round
(13 Jun 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Debt – Conventional - Hover Energy | Valuation |
investors |
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| Jul, 2022 | Amount | Seed - Hover Energy | Valuation |
investors |
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| Jun, 2019 | Amount | Seed - Hover Energy | Valuation |
investors |
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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 |
Investments & Acquisitions by Hover Energy
Hover Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SHINE Partners. 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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SHINE Partners is engaged in providing commercial solar energy solutions.
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2015 |
| 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 - Hover Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Hover Energy Comparisons
Competitors of Hover Energy
Hover 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 Vestas, Ogin Energy, CTC Global, Goldwind Americas and Nordic WindPower, 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 |
Wind turbines are manufactured and installed globally by Vestas.
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| domain | founded_year | HQ Location |
Manufacturer of shrouded wind turbines
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| domain | founded_year | HQ Location |
ACCC conductors are developed to enhance electrical grid efficiency.
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| domain | founded_year | HQ Location |
Wind turbines are manufactured and developed for renewable energy projects.
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| domain | founded_year | HQ Location |
Research and development of high-powered wind turbines.
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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 Hover Energy
Frequently Asked Questions about Hover Energy
When was Hover Energy founded?
Hover Energy was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Hover Energy located?
Hover Energy is headquartered in Carrollton, United States. It is registered at Carrollton, Texas, United States.
Is Hover Energy a funded company?
Hover Energy is a funded company, having raised a total of $1.66M across 3 funding rounds to date. The company's 1st funding round was a Seed of $710K, raised on Jun 13, 2019.
What does Hover Energy do?
Hover Energy was established in 2015 through an asset acquisition and restructuring of Regenedyne by Pantheon Environmental. Operations are centered in the renewable energy sector, focusing on maglev wind turbine development. These turbines feature no gearbox or lubricated components and are designed for urban deployment with laminar airflow. The company is based in Carrollton, United States, and aims to enhance efficiency in wind power generation.
Who are the top competitors of Hover Energy?
Hover Energy's top competitors include Vestas, CTC Global and Ogin Energy.
What products or services does Hover Energy offer?
Hover Energy offers Wind-Powered Microgrid.
How many acquisitions has Hover Energy made?
Hover Energy has made 1 acquisition, including SHINE Partners.