About Nexus Renewables
Nexus Renewables is a company based in Toronto (Canada) founded in 2020 was acquired by Apricus in May 2024.. Nexus Renewables offers products and services including Energy Storage Development, Solar Project Development, and Project Acquisition Services. Nexus Renewables operates in a competitive market with competitors including Stardust Solar, Jade Power, Grasshopper Energy, Baseload Power and Westbridge Energy, among others.
- Headquarter Toronto, Canada
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nexus Renewables Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$13.3 M (USD), Debt – Conventional
Jun 12, 2023
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Investors
Scale Microgrids
& 2 more
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Employee Count
Employee Count
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Acquired by
Apricus
(May 29, 2024)
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Products & Services of Nexus Renewables
Nexus Renewables offers a comprehensive portfolio of products and services, including Energy Storage Development, Solar Project Development, and Project Acquisition Services. 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.
Handles permitting and operation of energy storage projects for grid stability
Manages design and acquisition of solar energy initiatives
Acquires and co-owns early-stage renewable projects in North America
Funding Insights of Nexus Renewables
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $13.3M
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First Round
First Round
(21 Sep 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Debt – Conventional - Nexus Renewables | Valuation |
investors |
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| Sep, 2022 | Amount | Debt – Conventional - Nexus Renewables | 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 Nexus Renewables
Nexus Renewables has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Scale Microgrids, Apricus and Aiga Capital Partners. 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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Capital is deployed for sustainable energy assets by Aiga.
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Founded Year | Domain | Location | |
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Microgrids are manufactured by Scale Microgrids in the United States.
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Founded Year | Domain | Location | |
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Developer of solar energy projects
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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 Nexus Renewables
| 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 - Nexus Renewables
| 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 |
Nexus Renewables Comparisons
Competitors of Nexus Renewables
Nexus 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 Stardust Solar, Jade Power, Grasshopper Energy, Baseload Power and Westbridge Energy, 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 |
Commercial and residential solar installations and training services are provided.
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| domain | founded_year | HQ Location |
Solar and wind energy projects are developed in renewable sector.
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| domain | founded_year | HQ Location |
Solar energy projects are developed by Grasshopper Energy in Canada.
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| domain | founded_year | HQ Location |
Company focused on developing and delivering clean energy solutions through various projects
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| domain | founded_year | HQ Location |
Developer of solar and wind energy projects
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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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Latest news on Nexus Renewables
Frequently Asked Questions about Nexus Renewables
When was Nexus Renewables founded?
Nexus Renewables was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Nexus Renewables located?
Nexus Renewables is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does Nexus Renewables do?
Nexus Renewables was founded in 2020 and is headquartered in Toronto, Canada. Operations focus on the renewable energy sector, where solar and wind projects are developed from inception through execution. Services encompass site evaluation, feasibility studies, permitting, and construction oversight. Activities are conducted primarily within Canada, supporting the transition to sustainable power generation through utility-scale and commercial installations.
Who are the top competitors of Nexus Renewables?
Nexus Renewables's top competitors include Stardust Solar, Jade Power and Westbridge Energy.
What products or services does Nexus Renewables offer?
Nexus Renewables offers Energy Storage Development, Solar Project Development, and Project Acquisition Services.
Who are Nexus Renewables's investors?
Nexus Renewables has 3 investors. Key investors include Scale Microgrids, Apricus, and Aiga Capital Partners.