About NuPower Renewables
NuPower Renewables is a company based in Mumbai (India) founded in 2008 by Mahesh Chandra Punglia, Rajkumar N Dhoot, Saurabh Pradipkumar Dhoot, and Venugopal Nandlal Dhoot.. NuPower Renewables has raised $82.71 million across 4 funding rounds from investors including Punjab National Bank, Supreme Energy Inc and Accion Capital Management. The company has 16 employees as of March 22, 2024. NuPower Renewables operates in a competitive market with competitors including Hero Future Energies, KPI Green Energy, Hinduja Renewables, Hindustan Powerprojects and Rising Sun Energy, among others.
- Headquarter Mumbai, India
- Employees 16 as on 22 Mar, 2024
- Founders Mahesh Chandra Punglia, Rajkumar N Dhoot, Saurabh Pradipkumar Dhoot, Venugopal Nandlal Dhoot
- Stage Minicorn
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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
*********
- Legal Name Echanda Urja Private Limited
- Date of Incorporation 12 Nov, 2014
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$14.52 M (USD)2.78as on Mar 31, 2023
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Net Profit
$182.95 K (USD)-43.11as on Mar 31, 2023
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EBITDA
$8.08 M (USD)-8.5as on Mar 31, 2023
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Total Equity Funding
$82.71 M (USD)
in 4 rounds
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Latest Funding Round
$969.24 K (USD), Private Equity Round
Apr 17, 2015
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Investors
Punjab National Bank
& 2 more
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Employee Count
16
as on Mar 22, 2024
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Funding Insights of NuPower Renewables
NuPower Renewables has successfully raised a total of $82.71M across 4 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $969.24 thousand completed in April 2015. 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 4
- Last Round Private Equity Round — $969,244
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First Round
First Round
(31 Dec 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2015 | Amount | Private Equity Round - NuPower Renewables | Valuation | Accion Capital Management | |
| Sep, 2012 | Amount | Debt – Conventional - NuPower Renewables | Valuation |
investors |
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| Mar, 2012 | Amount | Private Equity Round - NuPower Renewables | Valuation | Accion Capital Management |
| 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 NuPower Renewables
NuPower Renewables has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Punjab National Bank, Supreme Energy Inc and Accion Capital Management. 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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Heating oil, gas and electricity supplier
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Founded Year | Domain | Location | |
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Commercial banking services are offered to individuals and businesses.
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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 NuPower 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 - NuPower 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 |
Nupower Renewables Comparisons
Competitors of NuPower Renewables
NuPower 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 Hero Future Energies, KPI Green Energy, Hinduja Renewables, Hindustan Powerprojects and Rising Sun 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 |
Renewable energy projects are developed for utility-scale and commercial use.
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| domain | founded_year | HQ Location |
Solar and hybrid power projects are developed and operated.
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| domain | founded_year | HQ Location |
Develops and operates solar energy projects using RESCO, Open Access, and Group Captive models in India.
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| domain | founded_year | HQ Location |
Conventional and renewable energy is generated across India and abroad.
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| domain | founded_year | HQ Location |
Solar power projects are developed and operated independently.
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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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| 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 Nupower Renewables
Frequently Asked Questions about NuPower Renewables
When was NuPower Renewables founded?
NuPower Renewables was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is NuPower Renewables located?
NuPower Renewables is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is NuPower Renewables a funded company?
NuPower Renewables is a funded company, having raised a total of $82.71M across 4 funding rounds to date. The company's 1st funding round was a Private Equity Round of $46.14M, raised on Dec 31, 2010.
How many employees does NuPower Renewables have?
As of Mar 22, 2024, the latest employee count at NuPower Renewables is 16.
What is the annual revenue of NuPower Renewables?
Annual revenue of NuPower Renewables is $14.52M as on Mar 31, 2023.
What does NuPower Renewables do?
NuPower Renewables was founded in 2008 and is headquartered in Mumbai, India. Operations are focused on the renewable energy sector, with nearly 200 MW of assets in wind, solar, hybrid, and hydro power currently operational across the country. A pipeline of 17.4 GW is under development. Power is sold to state grids through purchase agreements and directly to corporate clients on long-term contracts.
Who are the top competitors of NuPower Renewables?
NuPower Renewables's top competitors include Hero Future Energies, KPI Green Energy and Hindustan Powerprojects.
Who are NuPower Renewables's investors?
NuPower Renewables has 3 investors. Key investors include Punjab National Bank, Supreme Energy Inc, and Accion Capital Management.
What is NuPower Renewables's valuation?
The valuation of NuPower Renewables is $37M as of Dec 2010.