About Kite Power Solutions
Kite Power Solutions is a company based in Glasgow (United Kingdom) founded in 2011. It operates as a B2B. Kite Power Solutions has raised $6.34 million across 2 funding rounds from investors including SLB, Shell and Gov.uk. The company has 29 employees as of September 30, 2018. Kite Power Solutions operates in a competitive market with competitors including Vortex bladeless, Kitemill, Enerkite, Accio Energy and Skypull, among others.
- Headquarter Glasgow, United Kingdom
- Employees 29 as on 30 Sep, 2018
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Kite Power Systems Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.34 M (USD)
in 2 rounds
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Latest Funding Round
$6.34 M (USD), Series A
Dec 13, 2016
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Investors
SLB
& 3 more
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Employee Count
29
as on Sep 30, 2018
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Funding Insights of Kite Power Solutions
Kite Power Solutions has successfully raised a total of $6.34M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.34 million completed in December 2016. 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 — $6.3M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2016 | Amount | Series A - Kite Power Solutions | Valuation |
investors |
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| Feb, 2016 | Amount | Grant - Kite Power Solutions | Valuation |
investors |
| 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 Kite Power Solutions
Kite Power Solutions has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include SLB, Shell and Gov.uk. 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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Provider of electricity and natural gas distribution services
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Founded Year | Domain | Location | |
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Oilfield services and products are supplied worldwide by Schlumberger.
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Founded Year | Domain | Location | |
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Shell is recognized as a global energy and petrochemical company.
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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 Kite Power Solutions
| 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 - Kite Power Solutions
| 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 |
Kite Power Solutions Comparisons
Competitors of Kite Power Solutions
Kite Power Solutions 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 Vortex bladeless, Kitemill, Enerkite, Accio Energy and Skypull, 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 |
Bladeless wind turbines are developed for cost-effective energy production.
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| domain | founded_year | HQ Location |
Airborne wind energy systems are developed for renewable power generation.
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| domain | founded_year | HQ Location |
Airborne Wind Energy System
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| domain | founded_year | HQ Location |
Wind energy is converted to electricity by specialized devices.
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| domain | founded_year | HQ Location |
Box-type altitude wind power systems are developed.
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| domain | founded_year | HQ Location |
Airborne wind energy systems are developed for electricity harvesting.
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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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Frequently Asked Questions about Kite Power Solutions
When was Kite Power Solutions founded?
Kite Power Solutions was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Where is Kite Power Solutions located?
Kite Power Solutions is headquartered in Glasgow, United Kingdom. It is registered at Glasgow, Scotland, United Kingdom.
Is Kite Power Solutions a funded company?
Kite Power Solutions is a funded company, having raised a total of $6.34M across 2 funding rounds to date.
How many employees does Kite Power Solutions have?
As of Sep 30, 2018, the latest employee count at Kite Power Solutions is 29.
What does Kite Power Solutions do?
Kite Power Solutions, backed by 6341750.0 from E.ON, Schlumberger, Shell, Gov.uk, focuses on working in the energy sector, promoting renewable energy, wind power, and turbine manufacturing. Manufactures airborne wind turbines for renewable energy solutions. Driving innovation, growth, and excellence in its industry sectors.
Who are the top competitors of Kite Power Solutions?
Kite Power Solutions's top competitors include Windlift, Accio Energy and Skypull.