About igrenEnergi
igrenEnergi is a Transportation, Automotive & Logistics company based in San Diego (United States) founded in 2014 by Hemanshu Bhatt, Sujit Dey, and Jiten Apte. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. igrenEnergi has raised $1 million across 3 funding rounds from investors including BroadBand Tower and Shell E4. The company has 15 employees. Its chief executive, as recorded, is Jiten Apte. Its Indian entity Igrenenergi Services Private Limited reported revenue of ₹1.86 Cr. Its focus areas include Energy Tech, Electric Vehicles, Vehicle Management and B2B. Its competitors include Zitara, Electra Vehicles and Packet Digital; 3 of its 3 listed competitors have raised funding.
Company details
Platform offering intelligent battery management systems for electric vehicles and energy storage. These systems enhance battery performance, extending lifespan and improving charging speed. The technology utilizes advanced power electronics and artificial intelligence for real-time monitoring and optimization of battery health and energy delivery. A full-stack cloud platform provides advanced analytics and predictive capabilities. The systems incorporate robust safety features to ensure reliable and secure operation. Manufacturing is done through partnerships with Tier 1 EMS providers, adhering to automotive-grade standards.
- Headquarters San Diego, United States
- Employees 15
- Founders Hemanshu Bhatt, Sujit Dey, Jiten Apte
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Website igrenenergi.com
- Social LinkedIn
- Legal Name Igrenenergi Services Private Limited
- Date of Incorporation 05 Aug, 2014
- Indian entity revenue₹1.86 Cr
FY 2024 · -58% YoY
- Indian entity net loss-₹2.51 Cr
FY 2024 · -135% margin
- Indian entity EBITDA-₹1.03 Cr
FY 2024 · -56% margin
- Total Equity Funding$1M (USD)
in 3 rounds
- InvestorsBroadBand Tower
& 1 more
- Employee Count15
Associated legal entities of igrenEnergi
igrenEnergi operates through Igrenenergi Services 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 |
|---|---|---|---|---|---|---|---|
| Igrenenergi Services Private Limited CIN U72300MH2014PTC256886 | Active | 05 Aug 2014 | Mumbai, Maharashtra | ₹1.9 Cr | 19 | 2 | View details |
Funding Insights of igrenEnergi
igrenEnergi has successfully raised a total of $1M across 3 strategic funding rounds. 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 $1M
- Total Rounds 3
- First Round $1M
(Feb 2016)
- Investors Count 2
All 3 funding rounds of igrenEnergi 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 |
|---|---|---|---|---|---|
| Jan 2019 | Seed | – | – | ||
| Feb 2017 | Seed | – | – | ||
| Feb 2016 | $1M | Angel Round | – | – | – |
2 investors in total: 2 institutional.
Investors in igrenEnergi
igrenEnergi has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include BroadBand Tower and Shell E4.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Energy sectors are targeted by Shell-backed accelerator program. | ||||
IoT services are provided for modern businesses by BroadBand Tower. | 2000 | bbtower.co.jp | Chiyoda City, Japan |
Investor details for igrenEnergi
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Board of directors of Igrenenergi Services Private Limited (igrenEnergi)
Igrenenergi Services Private Limited is the primary company behind igrenEnergi. The board of Igrenenergi Services Private Limited currently have 2 directors; the longest-serving is Jitendra Mukund Apte, appointed in 2014.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jitendra Mukund Apte DIN 02310415 | Director | 05 Aug 2014 | 12 yrs 3 mo | Igrenenergi Services Private Limited |
| Ajit Shamrao Deshmukh DIN 00203706 | Director | 05 Aug 2014 | 12 yrs 3 mo | Igrenenergi Services Private Limited |
People of igrenEnergi
13 people are tracked at igrenEnergi (5 in leadership, 8 in team); the tracked headcount is 15.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Sujit Dey | Co-Founder | Leadership |
Jiten Apte | Co-Founder & CEO | Leadership |
Anupam Hudait | Vice President | Leadership |
Dhawal Pandya | Director - Product And Project Operations | Leadership |
Rahul Gupta | Service Technician | Team |
Vijay Nalawade | Service Engineer | Team |
Alok Mishra | Senior Test and Product Engineer - Electric vehicle - Battery Management System | Team |
DIPALI PANSARE | Firmware Engineer | Team |
Natarajan Chandrasekar | Project Management Specialist | Team |
Abhishek Deodhar | Manager - AI & Cloud Software | Team |
Vishal Bagade | Manufacturing Associate And Procurement Executive | Team |
Yatin Dalvi | Hardware Design Engineer | Team |
Complete people profiles for igrenEnergi
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Financials of igrenEnergi
Figures of Igrenenergi Services Private Limited, the primary company behind igrenEnergi, for FY 2024. Revenue was ₹1.86 Cr (-58% year on year). Net loss was -₹2.51 Cr (-135% margin). EBITDA was -₹1.03 Cr (-56% margin). Revenue has grown at a compounded annual rate of +71% over three years and -12% over five years.
- ₹1.86 CrRevenue · FY 2024 · -58% YoY
- -₹2.51 CrNet loss · -135% margin
- -₹1.03 CrEBITDA · -56% margin
- ₹6.6 LakhPaid-up capital
- 19Employees (provident fund records)
- +71%Revenue CAGR, 3 years
- -12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Igrenenergi Services Private Limited are on its company page.
Detailed financial statements for igrenEnergi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of igrenEnergi
3 dated milestones of igrenEnergi across 5 years, from founding to its latest funding, stage changes and deals.
- Founded igrenEnergi is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Seed,.
Competitors of igrenEnergi
igrenEnergi has 3 listed competitors in our database, 3 of them funded. They include Zitara, Electra Vehicles and Packet Digital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zitara.com | 2019 | San Francisco, United States | $29M | 37 | Cloud-based and embedded battery management software is provided for optimization. | |
| electravehicles.com | 2015 | Boston, United States | $24.6M | 15 | Battery management systems for electric vehicles are developed and provided. | |
| packetdigital.com | 2003 | Fargo, United States | $11.69M | 21 | Batteries for unmanned aerial vehicles are developed and patented. |
Detailed competitors of igrenEnergi
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Top companies in Electric & Green Mobility
3 companies that operate in the same segment as igrenEnergi (Electric & Green Mobility) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | 2,813 | ||
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 |
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Related news about Igrenenergi
Complete news archive for igrenEnergi
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Frequently Asked Questions about igrenEnergi
igrenEnergi was founded in 2014 and raised its 1st funding round 2 years after it was founded.
igrenEnergi is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Jiten Apte is the CEO of igrenEnergi, as recorded in our data. They have also founded this company.
igrenEnergi is a funded company, having raised a total of $1M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $1M, raised on Feb 2016.
igrenEnergi has 15 employees.
The primary company behind igrenEnergi, Igrenenergi Services Private Limited, reported revenue of ₹1.86 Cr for FY 2024, down 58% year on year.
Platform offering intelligent battery management systems for electric vehicles and energy storage. These systems enhance battery performance, extending lifespan and improving charging speed. The technology utilizes advanced power electronics and artificial intelligence for real-time monitoring and optimization of battery health and energy delivery. A full-stack cloud platform provides advanced analytics and predictive capabilities. The systems incorporate robust safety features to ensure reliable and secure operation. Manufacturing is done through partnerships with Tier 1 EMS providers, adhering to automotive-grade standards.
igrenEnergi's top competitors include Zitara, Packet Digital and Electra Vehicles.
igrenEnergi has 2 investors. Key investors include BroadBand Tower, and Shell E4.
igrenEnergi operates through Igrenenergi Services Private Limited.
The legal entities of igrenEnergi currently have 2 directors, including Jitendra Mukund Apte, Ajit Shamrao Deshmukh.