About Norsk Renewables
Norsk Renewables is a company based in Stavanger (Norway) founded in 2017 by Lars Helge Helvig and Petter S Berge.. Norsk Renewables has raised $6.35 million across 2 funding rounds from investors including AV Group. The company has 15 employees as of November 14, 2024. Norsk Renewables operates in a competitive market with competitors including Statkraft, Njordr, Fenix Repower, Over Easy Solar and Sunva, among others.
- Headquarter Stavanger, Norway
- Employees 15 as on 14 Nov, 2024
- Founders Lars Helge Helvig, Petter S Berge
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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 Norsk Solar As
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.35 M (USD)
in 2 rounds
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Latest Funding Round
$3.41 M (USD), Series A
Feb 15, 2024
- Investors
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Employee Count
15
as on Nov 14, 2024
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Funding Insights of Norsk Renewables
Norsk Renewables has successfully raised a total of $6.35M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.41 million completed in February 2024. 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 — $3.4M
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First Round
First Round
(11 Apr 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2024 | Amount | Series A - Norsk Renewables | Valuation |
investors |
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| Apr, 2021 | Amount | Seed - Norsk Renewables | Valuation | AV Group |
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| 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 Norsk Renewables
Norsk Renewables has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include AV Group. 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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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 Norsk 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 - Norsk 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 |
Norsk Renewables Comparisons
Competitors of Norsk Renewables
Norsk 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 Statkraft, Njordr, Fenix Repower, Over Easy Solar and Sunva, 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 |
Renewable energy production services are provided by Statkraft.
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| domain | founded_year | HQ Location |
Creates innovative technologies for renewable wind and solar energy projects.
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| domain | founded_year | HQ Location |
Onshore wind and solar projects are developed and built.
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| domain | founded_year | HQ Location |
Provides prefabricated solar units for green and flat roof installations.
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| domain | founded_year | HQ Location |
Offers solar energy systems, installations, and battery storage for Norwegian properties.
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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 Norsk Renewables
Frequently Asked Questions about Norsk Renewables
When was Norsk Renewables founded?
Norsk Renewables was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Norsk Renewables located?
Norsk Renewables is headquartered in Stavanger, Norway. It is registered at Stavanger, Rogaland, Norway.
Who is the current CEO of Norsk Renewables?
Torbjorn Elliot Kirkeby-Garstad is the current CEO of Norsk Renewables.
Is Norsk Renewables a funded company?
Norsk Renewables is a funded company, having raised a total of $6.35M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.94M, raised on Apr 11, 2021.
How many employees does Norsk Renewables have?
As of Nov 14, 2024, the latest employee count at Norsk Renewables is 15.
What does Norsk Renewables do?
Norsk Renewables was established in 2017 in Stavanger, Norway, as a provider in the renewable energy sector. Operations are conducted as an independent power producer with vertical integration, encompassing the development, financing, construction, ownership, and management of solar projects. Focus is placed on solar energy initiatives across Norway, supporting the transition to renewables through independent operations.
Who are the top competitors of Norsk Renewables?
Norsk Renewables's top competitors include Statkraft, Fenix Repower and Njordr.
Who are Norsk Renewables's investors?
Norsk Renewables has 1 investor. Key investors include AV Group.