About Nova Innovation
Nova Innovation is a company based in Edinburgh (United Kingdom) founded in 2010.. Nova Innovation has raised $3.72 million across 15 funding rounds from investors including Gov.uk, European Union and The Scottish National Investment Bank. Nova Innovation offers products and services including Floating Solar, Tidal Energy, and Marine Services. Nova Innovation operates in a competitive market with competitors including Verdant Power, Minesto, Tocardo, Sustainable Marine Energy and SABELLA, among others.
- Headquarter Edinburgh, United Kingdom
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Nova Innovation Ltd
- Date of Incorporation 01 May, 2009
- Jurisdiction EDINBURGH, SCOTLAND
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$3.72 M (USD)
in 15 rounds
-
Latest Funding Round
$2.64 M (USD), Series A
Dec 21, 2021
-
Investors
Gov.uk
& 5 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Nova Innovation
Nova Innovation offers a comprehensive portfolio of products and services, including Floating Solar, Tidal Energy, and Marine 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.
Offers floating solar systems for clean electricity in marine environments
Provides tidal energy solutions for predictable power generation
Delivers expertise in energy storage and smart grids for renewables
Unlock access to complete
Funding Insights of Nova Innovation
Nova Innovation has successfully raised a total of $3.72M across 15 strategic funding rounds. The most recent funding activity was a Series A round of $2.64 million completed in December 2021. 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 15
- Last Round Series A — $2.6M
-
First Round
First Round
(01 Oct 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series A - Nova Innovation | Valuation | European Union |
|
| Nov, 2021 | Amount | Grant - Nova Innovation | Valuation |
investors |
|
| Sep, 2021 | Amount | Debt – Conventional - Nova Innovation | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nova Innovation
Nova Innovation has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Gov.uk, European Union and The Scottish National Investment Bank. 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 |
|---|---|---|---|---|
|
Government agency and accelerator focusing on innovative startups and SMEs
|
Founded Year | Domain | Location | |
|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
|
Founded Year | Domain | Location | |
|
Online government services and information are provided to users.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Nova Innovation
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Nova Innovation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nova Innovation Comparisons
Competitors of Nova Innovation
Nova Innovation 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 Verdant Power, Minesto, Tocardo, Sustainable Marine Energy and SABELLA, 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 |
Tidal turbines are developed and manufactured for hydropower projects.
|
|
| domain | founded_year | HQ Location |
Tidal energy is harnessed through an underwater kite with turbine.
|
|
| domain | founded_year | HQ Location |
Manufacturer of tidal turbines
|
|
| domain | founded_year | HQ Location |
Manufactures tidal energy turbines for sustainable marine power generation.
|
|
| domain | founded_year | HQ Location |
Submerged tidal turbines for marine energy are developed and deployed.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Nova Innovation
Frequently Asked Questions about Nova Innovation
When was Nova Innovation founded?
Nova Innovation was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is Nova Innovation located?
Nova Innovation is headquartered in Edinburgh, United Kingdom. It is registered at Edinburgh, Scotland, United Kingdom.
Is Nova Innovation a funded company?
Nova Innovation is a funded company, having raised a total of $3.72M across 15 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $8.86M, raised on Oct 01, 2014.
What does Nova Innovation do?
Nova Innovation was founded in 2010 and is headquartered in Edinburgh, United Kingdom. Operations are centered in the renewable energy sector, with a focus on tidal power. Submerged turbine systems, including the Nova M100 model, are designed, manufactured, tested, installed, commissioned, and maintained for underwater deployment. Tidal energy projects are managed to generate electricity, which is then fed into local grids for distribution.
Who are the top competitors of Nova Innovation?
Nova Innovation's top competitors include Verdant Power, Minesto and Tocardo.
What products or services does Nova Innovation offer?
Nova Innovation offers Floating Solar, Tidal Energy, and Marine Services.
Who are Nova Innovation's investors?
Nova Innovation has 6 investors. Key investors include Gov.uk, European Union, The Scottish National Investment Bank, Scotland Government, and EIC Fund.