About Novar
Novar is a company based in Groningen (Netherlands) founded in 2014 by Gerben Smit was acquired by DIF in November 2023. It operates as a Green Energy-as-a-Service, and Professional Services. Novar offers products and services including Solar Energy Systems, Energy Storage Solutions, and Power Purchase Agreements. Novar operates in a competitive market with competitors including PowerField, Photon Energy, Solarge, renewable factory and Zon Exploitatie Nederland, among others.
- Headquarter Groningen, Netherlands
- Founders Gerben Smit
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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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Products & Services of Novar
Novar offers a comprehensive portfolio of products and services, including Solar Energy Systems, Energy Storage Solutions, and Power Purchase Agreements. 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.
Solar energy systems are developed for sustainable power generation.
Energy storage solutions are provided for efficient power retention.
Power purchase agreements are offered for sustainable energy usage.
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Funding Insights of Novar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Novar
Novar has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include CVC DIF. 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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Investments in infrastructure assets are managed by DIF firm.
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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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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 Novar
| 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 - Novar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Novar Comparisons
Competitors of Novar
Novar 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 PowerField, Photon Energy, Solarge, renewable factory and Zon Exploitatie Nederland, 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 |
Large-scale and rooftop solar PV plants are developed by PowerField.
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| domain | founded_year | HQ Location |
Solar power projects are developed, operated, and maintained.
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| domain | founded_year | HQ Location |
Provider of solar panel installation services
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| domain | founded_year | HQ Location |
Provider of renewable energy solutions for onshore and offshore wind, hydro, and innovative technologies
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Company that develops, finances, builds, and operates large-scale solar power systems on and around business properties
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Develops and manages large-scale solar parks that combine renewable energy
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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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| 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 Novar
Frequently Asked Questions about Novar
When was Novar founded?
Novar was founded in 2014.
Where is Novar located?
Novar is headquartered in Groningen, Netherlands. It is registered at Groningen, Groningen, Netherlands.
Who is the current CEO of Novar?
Gerben Smit is the current CEO of Novar. They have also founded this company.
What does Novar do?
Novar is focused on creating sustainable energy solutions for the business sector. Green energy systems are developed, encompassing solar parks, energy storage, and smart grids. Services include energy generation, efficient usage through power purchase agreements, optimal management, and innovative storage solutions like batteries and hydrogen. Operations target industries such as agriculture, real estate, logistics, and government, contributing to a sustainable future through integrated energy assets.
Who are the top competitors of Novar?
Novar's top competitors include Photon Energy, PowerField and Solarge.
What products or services does Novar offer?
Novar offers Solar Energy Systems, Energy Storage Solutions, and Power Purchase Agreements.
Who are Novar's investors?
Novar has 1 investor. Key investors include CVC DIF.
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