About Innovo Renewables
Innovo Renewables is a company based in Milan (Italy) founded in 2022 by Rodolfo Bigolin.. Innovo Renewables has raised $31.04 million across 2 funding rounds from investors including Aviva Investors. Innovo Renewables has completed 1 acquisition, including PH.CE. Innovo Renewables offers products and services including Solar Photovoltaics, Wind Energy Systems, and BESS Systems. Innovo Renewables operates in a competitive market with competitors including Building Energy, ReFeel, Renexia, Hydroingea and Comal, among others.
- Headquarter Milan, Italy
- Founders Rodolfo Bigolin
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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 Innovo Renewables S.P.A.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$31.04 M (USD)
in 2 rounds
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Latest Funding Round
$31.04 M (USD), Series A
Jan 21, 2025
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Innovo Renewables
Innovo Renewables offers a comprehensive portfolio of products and services, including Solar Photovoltaics, Wind Energy Systems, and BESS Systems. 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 electricity from sunlight for sustainable power needs
Converts wind kinetic energy into electricity for grid supply
Stores and releases electricity to balance renewable energy grids
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Funding Insights of Innovo Renewables
Innovo Renewables has successfully raised a total of $31.04M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $31.04 million completed in January 2025. 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 2
- Last Round Series A — $31.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2025 | Amount | Series A - Innovo Renewables | Valuation | Aviva Investors |
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| Jul, 2023 | Amount | Seed - Innovo Renewables | Valuation |
investors |
| 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 |
Investors in Innovo Renewables
Innovo Renewables has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Aviva Investors. 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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Diversified investment management services are provided globally by Aviva Investors.
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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 Innovo Renewables
Innovo Renewables has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PH.CE. 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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Solar energy projects are developed via expert engineering consultancy services.
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2022 |
| 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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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 - Innovo Renewables
| 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 |
Innovo Renewables Comparisons
Competitors of Innovo Renewables
Innovo Renewables 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 Building Energy, ReFeel, Renexia, Hydroingea and Comal, 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 |
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| domain | founded_year | HQ Location |
Wind and solar power projects are developed and operated independently.
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| domain | founded_year | HQ Location |
Renewable Energy project developer
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| domain | founded_year | HQ Location |
Renexia specializes in wind, solar, and electric mobility projects.
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| domain | founded_year | HQ Location |
Environmental and energy engineering solutions are specialized in by Hydroingea.
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| domain | founded_year | HQ Location |
Solar engineering, procurement, and construction services are delivered.
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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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On-demand services are booked through an app-based platform.
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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 Innovo Renewables
Frequently Asked Questions about Innovo Renewables
When was Innovo Renewables founded?
Innovo Renewables was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Innovo Renewables located?
Innovo Renewables is headquartered in Milan, Italy. It is registered at Milan, Lombardy, Italy.
Who is the current CEO of Innovo Renewables?
Rodolfo Bigolin is the current CEO of Innovo Renewables. They have also founded this company.
Is Innovo Renewables a funded company?
Innovo Renewables is a funded company, having raised a total of $31.04M across 2 funding rounds to date.
What does Innovo Renewables do?
Innovo Renewables was founded in 2022 in Milan, Italy, as a developer in the solar renewable energy sector. Projects focused on solar energy are developed and managed by the company. Operations center on renewable energy initiatives, with services encompassing project planning and execution. Leadership is provided by founder and CEO Rodolfo Bigolin. Activities are conducted primarily in Italy to support sustainable energy solutions.
Who are the top competitors of Innovo Renewables?
Innovo Renewables's top competitors include Building Energy, ReFeel and Comal.
What products or services does Innovo Renewables offer?
Innovo Renewables offers Solar Photovoltaics, Wind Energy Systems, and BESS Systems.
How many acquisitions has Innovo Renewables made?
Innovo Renewables has made 1 acquisition, including PH.CE.
Who are Innovo Renewables's investors?
Innovo Renewables has 1 investor. Key investors include Aviva Investors.