About Pineapple Energy
Pineapple Energy is a company based in Minnetonka (United States) founded in 2020.. Pineapple Energy has completed 3 acquisitions, including E-Gear, Hawaii Energy Connection and SUNation. Pineapple Energy offers products and services including Solar Systems, Battery Storage, KumuKit, and Financing Options.
- Headquarter Minnetonka, United States
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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 Pineapple Energy Inc.
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Annual Revenue
$79.63 M189as on Dec 31, 2023
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Net Profit
$-8.13 M21as on Dec 31, 2023
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EBITDA
$-7.47 M29as on Dec 31, 2023
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Latest Funding Round
$7.5 M (USD), Debt – Conventional
Jun 02, 2023
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
E-Gear
& 2 more
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Products & Services of Pineapple Energy
Pineapple Energy offers a comprehensive portfolio of products and services, including Solar Systems, Battery Storage, KumuKit, and Financing Options. 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.
Provides solar panels for generating electricity from sunlight
Offers systems for storing solar energy during outages
Includes home energy control and monitoring for Hawaii users
Enables purchase, lease, or finance of solar setups
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Human Resources and Administration
1 people
Leadership Team
1 people
Creative and Marketing Team
1 people
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Funding Insights of Pineapple Energy
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $7.5M
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First Round
First Round
(02 Jun 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Debt – Conventional - Pineapple Energy | Valuation |
investors |
| 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 |
Investors in Pineapple Energy
Pineapple Energy has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Decathlon Capital Partners. 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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Private debt funds focused on direct lending, and revenue-based financing
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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 Pineapple Energy
Pineapple Energy has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include E-Gear, Hawaii Energy Connection and SUNation. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Proprietary load management solutions are provided for energy sectors.
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2012 | ||||
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Residential and commercial solar project developer
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2007 | ||||
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Commercial and residential solar solutions are provided nationwide.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Pineapple Energy
| 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 |
Pineapple Energy Comparisons
Competitors of Pineapple Energy
| 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 Pineapple Energy
Frequently Asked Questions about Pineapple Energy
When was Pineapple Energy founded?
Pineapple Energy was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Pineapple Energy located?
Pineapple Energy is headquartered in Minnetonka, United States. It is registered at Minnetonka, Minnesota, United States.
Who is the current CEO of Pineapple Energy?
Kyle Udseth is the current CEO of Pineapple Energy.
What is the annual revenue of Pineapple Energy?
Annual revenue of Pineapple Energy is $79.63M as on Dec 31, 2023.
What does Pineapple Energy do?
Pineapple Energy was established in 2020 as a retailer focused on solar energy storage solutions. Operations are centered in Minnetonka, United States, where products and services related to energy storage systems are provided to customers. The company operates within the renewable energy sector, emphasizing retail distribution of solar technologies. Leadership is provided by CEO Kyle Udseth, with activities tailored to domestic markets.
What products or services does Pineapple Energy offer?
Pineapple Energy offers Solar Systems, Battery Storage, KumuKit, and Financing Options.
How many acquisitions has Pineapple Energy made?
Pineapple Energy has made 3 acquisitions, including E-Gear, Hawaii Energy Connection, and SUNation.
Who are Pineapple Energy's investors?
Pineapple Energy has 1 investor. Key investors include Decathlon Capital Partners.