About New Energy Equity
New Energy Equity is a company based in Annapolis (United States) founded in 2013 was acquired by ALLETE in March 2022.. New Energy Equity has completed 1 acquisition, including IPS Solar. New Energy Equity offers products and services including Solar Project Development. New Energy Equity operates in a competitive market with competitors including SolarCity, Sunnova, 3Degrees, Exowatt and GreenVolts, among others.
- Headquarter Annapolis, 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 New Energy Equity, Llc
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Products & Services of New Energy Equity
New Energy Equity offers a comprehensive portfolio of products and services, including Solar Project Development. 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.
Provides end-to-end development, engineering, and management for solar farms
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Funding Insights of New Energy Equity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in New Energy Equity
New Energy Equity has secured backing from 2 investors. Prominent investors backing the company include ALLETE and SmartPitch Ventures. 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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SmartPitch Ventures is engaged in venture capital investments.
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Utility power and water holding company
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by New Energy Equity
New Energy Equity has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include IPS Solar. 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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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 power system developer
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| 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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - New Energy Equity
| 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 |
New Energy Equity Comparisons
Competitors of New Energy Equity
New Energy Equity 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 SolarCity, Sunnova, 3Degrees, Exowatt and GreenVolts, 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 |
Solar power systems are designed, financed, and installed for clients.
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Solar services are provided to residential and commercial customers.
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Clean energy consulting and services are offered to support sustainability.
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Provider of modular full-stack renewable energy solutions for commercial and industrial customers
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Provides utility-scale concentrated photovoltaic solutions for energy generation.
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Solar energy solutions provider offering a range of services, including solar panel installation, maintenance, and monitoring, to commercial and residential clients
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on New Energy Equity
Frequently Asked Questions about New Energy Equity
When was New Energy Equity founded?
New Energy Equity was founded in 2013.
Where is New Energy Equity located?
New Energy Equity is headquartered in Annapolis, United States. It is registered at Annapolis, Maryland, United States.
What does New Energy Equity do?
New Energy Equity was founded in 2013 and is based in Annapolis, United States. Operations are focused on the renewable energy sector, where solar energy projects are developed from inception through execution. Services include project planning, financing coordination, and site management. Activities are conducted primarily within the U.S. market, supporting commercial and utility-scale installations. The companys online presence is maintained at newenergyequity.com.
Who are the top competitors of New Energy Equity?
What products or services does New Energy Equity offer?
New Energy Equity offers Solar Project Development.
How many acquisitions has New Energy Equity made?
New Energy Equity has made 1 acquisition, including IPS Solar.
Who are New Energy Equity's investors?
New Energy Equity has 2 investors. Key investors include ALLETE, and SmartPitch Ventures.
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