About Pika Energy
Pika Energy is a company based in South Portland (United States) founded in 2010 by Joshua Kaufman was acquired by Generac Power Systems in April 2019.. Pika Energy has raised $9.6 million across 13 funding rounds from investors including Generac Power Systems, Maine Technology Institute and Clean Energy Venture Group. The company has 28 employees as of December 31, 2022. Pika Energy operates in a competitive market with competitors including SunPower, A123 Systems, Northvolt, Verkor and Haven Energy, among others.
- Headquarter South Portland, United States
- Employees 28 as on 31 Dec, 2022
- Founders Joshua Kaufman
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pika Energy, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.6 M (USD)
in 13 rounds
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Latest Funding Round
$1.9 M (USD), Series A
Aug 30, 2018
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Investors
Generac Power Systems
& 4 more
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Employee Count
28
as on Dec 31, 2022
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Acquired by
Generac Power Systems
(Apr 26, 2019)
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Funding Insights of Pika Energy
Pika Energy has successfully raised a total of $9.6M across 13 strategic funding rounds. The most recent funding activity was a Series A round of $1.9 million completed in August 2018. 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 13
- Last Round Series A — $1.9M
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First Round
First Round
(18 Mar 2011)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2018 | Amount | Series A - Pika Energy | Valuation |
investors |
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| Feb, 2018 | Amount | Series A - Pika Energy | Valuation |
investors |
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| Jun, 2017 | Amount | Series A - Pika Energy | Valuation |
investors |
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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 Pika Energy
Pika Energy has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Generac Power Systems, Maine Technology Institute and Clean Energy Venture 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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Early-stage climate tech startups are supported with seed capital.
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Founded Year | Domain | Location | |
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Provides checking, savings, loans, and online banking for individuals and businesses in Maine.
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Founded Year | Domain | Location | |
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Maine's technology sector is supported by a state government agency.
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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 Pika Energy
| 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 - Pika Energy
| 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 |
Pika Energy Comparisons
Competitors of Pika Energy
Pika Energy 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 SunPower, A123 Systems, Northvolt, Verkor and Haven 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 |
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| domain | founded_year | HQ Location |
Silicon-based solar PV modules are manufactured for diverse applications.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for electric vehicles are manufactured and optimized.
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| domain | founded_year | HQ Location |
Lithium-ion batteries are manufactured for electric vehicles and storage.
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| domain | founded_year | HQ Location |
Residential energy storage solutions are delivered via an online platform.
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Plug-and-play energy storage devices are built for solar integration.
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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 Pika Energy
Frequently Asked Questions about Pika Energy
When was Pika Energy founded?
Pika Energy was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Pika Energy located?
Pika Energy is headquartered in South Portland, United States. It is registered at South Portland, Maine, United States.
Is Pika Energy a funded company?
Pika Energy is a funded company, having raised a total of $9.6M across 13 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on Mar 18, 2011.
How many employees does Pika Energy have?
As of Dec 31, 2022, the latest employee count at Pika Energy is 28.
What does Pika Energy do?
Pika Energy was founded in 2010 and is based in South Portland, United States. Operations focus on the renewable energy sector, where lithium-based on-grid storage solutions are supplied for residential applications. Products such as the Pika islanding inverter, Harbor smart battery, photovoltaic substring optimizer, and Coral smart battery are offered. High-performance wind turbines and hybrid wind-solar systems are also provided for homeowners and small businesses.
Who are the top competitors of Pika Energy?
Who are Pika Energy's investors?
Pika Energy has 5 investors. Key investors include Generac Power Systems, Maine Technology Institute, Clean Energy Venture Group, Gorham Savings, and OSTI.GOV.
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