About Indra
Indra is a company based in Malvern (United Kingdom) founded in 2011 by Mike Schooling was acquired by OVO Energy in August 2017.. Indra has raised $59.76 million across 4 funding rounds from investors including OVO Energy, Gulf Oil International and Clean Growth Fund. Indra offers products and services including Smart Charger and Clever App. Indra operates in a competitive market with competitors including Nuvve, Fermata Energy, Esyasoft, Qovoltis and Rhombus Energy Solutions, among others.
- Headquarter Malvern, United Kingdom
- Founders Mike Schooling
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Sectors
Transportation, Automotive & LogisticsEnergy & 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 Indra Renewable Technologies Limited
- Date of Incorporation 21 Oct, 2013
- Jurisdiction MALVERN, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$59.76 M (USD)
in 4 rounds
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Latest Funding Round
$23.91 M (USD), Series B
Mar 08, 2023
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Investors
OVO Energy
& 2 more
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Employee Count
Employee Count
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Acquired by
OVO Energy
(Aug 01, 2017)
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Products & Services of Indra
Indra offers a comprehensive portfolio of products and services, including Smart Charger and Clever App. 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.
Device for efficient home EV charging with scheduling and solar integration.
App for managing EV charging schedules and energy usage remotely.
Funding Insights of Indra
Indra has successfully raised a total of $59.76M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $23.91 million completed in March 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 4
- Last Round Series B — $23.9M
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First Round
First Round
(26 Mar 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series B - Indra | Valuation | Gulf Oil |
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| Nov, 2021 | Amount | Series A - Indra | Valuation |
investors |
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| Jan, 2021 | Amount | Series A - Indra | Valuation | Clean Growth Fund , Gulf Oil |
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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 |
Investors in Indra
Indra has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include OVO Energy, Gulf Oil International and Clean Growth Fund. 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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Early-stage cleantech entrepreneurs are supported with expert capital.
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Founded Year | Domain | Location | |
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Gasoline services have been provided by Gulf Oil since 1901.
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Founded Year | Domain | Location | |
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Renewable energy is supplied via app-based platform by OVO 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 Indra
| 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 - Indra
| 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 |
Indra Comparisons
Competitors of Indra
Indra 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 Nuvve, Fermata Energy, Esyasoft, Qovoltis and Rhombus Energy Solutions, 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 |
V2G solutions for EV charging and grid services are provided.
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| domain | founded_year | HQ Location |
Vehicle-to-grid systems are developed for electric vehicle energy storage.
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| domain | founded_year | HQ Location |
AI-powered solutions for energy grid modernization are provided.
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| domain | founded_year | HQ Location |
Provider of electric vehicle charging solutions
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| domain | founded_year | HQ Location |
Efficient power electronics for renewable energy and storage are developed.
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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 Indra
Frequently Asked Questions about Indra
When was Indra founded?
Indra was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Indra located?
Indra is headquartered in Malvern, United Kingdom. It is registered at Malvern, England, United Kingdom.
Is Indra a funded company?
Indra is a funded company, having raised a total of $59.76M across 4 funding rounds to date. The company's 1st funding round was a Series A of $8.2M, raised on Mar 26, 2014.
What does Indra do?
Indra was founded in 2011 and is based in Malvern, United Kingdom. Operations focus on the electric vehicle sector, where domestic chargers supporting vehicle-to-grid functionality are offered. Key services include solar charging integration, customizable charging options, scheduling capabilities, and real-time monitoring features. The company addresses needs in sustainable energy infrastructure for residential users.
Who are the top competitors of Indra?
Indra's top competitors include Esyasoft, Fermata Energy and Nuvve.
What products or services does Indra offer?
Indra offers Smart Charger and Clever App.
Who are Indra's investors?
Indra has 3 investors. Key investors include OVO Energy, Gulf Oil International, and Clean Growth Fund.