Newen Systems

Vadodara, India Founded: 2020 • Age: 6 yrs
Battery energy storage systems and power electronics solutions are provided.
Annual revenue $1.3M Latest available
Total funding - Funding intelligence
Employees 58 Tracked headcount
Investors - Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

About Newen Systems

Newen Systems is a company based in Vadodara (India) founded in 2020 by Nitin Sharma and Nitesh Bhutada. The company has 58 employees as of April 08, 2024. Newen Systems offers products and services including Bi-Directional Inverters, DC-DC Converters, and Energy Management Systems. Newen Systems operates in a competitive market with competitors including Fluence, Borosil Renewables, Statcon Energiaa, Servoteh and Nessa, among others.

  • Headquarter Vadodara, India
  • Employees 58 as on 08 Apr, 2024
  • Founders Nitin Sharma, Nitesh Bhutada
  • Sectors
    Energy & Utilities
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Newen Systems Private Limited
  • Date of Incorporation 13 Aug, 2020
  • Jurisdiction Pune, Maharashtra, India
Operational Areas
Energy & Utilities → Energy Storage & Efficiency Unlock Sub-Sector Unlock Segment
Energy & Utilities → Renewable & Clean Energy Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $1.29 M (USD)
    671.86
    as on Mar 31, 2023
  • Net Profit
    -$372.54 K (USD)
    -22.68
    as on Mar 31, 2023
  • EBITDA
    -$338.73 K (USD)
    4.59
    as on Mar 31, 2023
  • Latest Funding Round
    Not available
  • Investors
    Not available
  • Employee Count
    58

    as on Apr 08, 2024

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Products & Services of Newen Systems

Newen Systems offers a comprehensive portfolio of products and services, including Bi-Directional Inverters, DC-DC Converters, and Energy Management Systems.

Product name locked
Category locked
Primary

Devices for energy conversion in storage systems.

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Converters for efficient energy management.

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Systems for monitoring and optimizing energy resources.

People of Newen Systems

Headcount 50-200
Employee Profiles 12
Employee Profiles
People
Bhasker Reddy
Regional Head
People
Kashish Arora
Founder's Office
People
Nitesh Bhutada
CEO
People
Navneetsingh Rajput
Management Representative

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Funding Insights of Newen Systems

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Detailed funding history for Newen Systems

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Investments & Acquisitions by Newen Systems

Investments
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Investment portfolio details for Newen Systems

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Financial Statements - Newen Systems

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Detailed financials for Newen Systems

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Newen Systems Comparisons

Newen Systems Primary company
Description
Battery energy storage systems and power electronics solutio...
Location
Vadodara, India
Founded Year
2020
Annual Revenue
$1.29 M (USD)
Net Profit
-$372.54 K (USD)
EBITDA
-$338.73 K (USD)
Employees
58
As of 2024
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Peer comparison for Newen Systems

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Competitors of Newen Systems

Newen Systems 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 Fluence, Borosil Renewables, Statcon Energiaa, Servoteh and Nessa, among others.

Company Name Domain Founded year HQ Location Description
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Energy storage systems are supplied for industrial renewable applications.
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Solar glass is manufactured by Borosil Renewables for photovoltaic applications.
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Manufactures power converters and inverters for energy, defense, and industrial applications.
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Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs
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Offers solar consumer goods
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Energy storage systems for renewables are designed and developed.
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Detailed competitors of Newen Systems

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Latest news on Newen Systems

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Complete news archive for Newen Systems

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Frequently Asked Questions about Newen Systems

Newen Systems was founded in 2020.

Newen Systems is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.

Nitin Sharma is the current CEO of Newen Systems. They have also founded this company.

As of Apr 08, 2024, the latest employee count at Newen Systems is 58.

Annual revenue of Newen Systems is $1.29M as on Mar 31, 2023.

Newen Systems was founded in 2020 in Vadodara, India, within the renewable energy sector. Bi-directional inverters, DC-DC converters, and energy management systems are delivered by the company. System integration, modeling, simulation, and design services are offered. Solutions are provided for utility-scale energy storage, microgrids, and e-mobility infrastructure, supporting operations in power electronics and storage applications.

Newen Systems's top competitors include Fluence, Sterling and Wilson and Servoteh.

Newen Systems offers Bi-Directional Inverters, DC-DC Converters, and Energy Management Systems.

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