About Pinnacle Renewable Energy
Pinnacle Renewable Energy was established in 1989 in the renewable energy sector, focusing on wood pellet manufacturing. Industrial fuel pellets, residential heating fuels, natural sorbents, and animal bedding products are produced at seven plants across British Columbia, Canada, with annual output exceeding 1.5 million tonnes. The company, formerly known as Pinnacle Pellet, was acquired by ONCAPa division of Onex Corporationin May 2011 for C71 million.
- Headquarter Prince George, Canada
- Stage Public
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$530 M (USD), Debt – Conventional
Jun 14, 2019
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Investors
Canadian Imperial Bank of Commerce
& 5 more
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Employee Count
Employee Count
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Acquired by
Drax
(Feb 08, 2021)
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Funding Insights of Pinnacle Renewable Energy
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $530.0M
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First Round
First Round
(14 Jun 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Debt – Conventional - Pinnacle Renewable Energy | Valuation |
investors |
| 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 Pinnacle Renewable Energy
Pinnacle Renewable Energy has secured backing from 6 investors, including institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Scotiabank and Bank of America. 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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Commercial banking services are provided internationally by Scotiabank.
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Founded Year | Domain | Location | |
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Commercial banking services are provided to individuals and businesses.
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Founded Year | Domain | Location | |
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Commercial banking services are provided to businesses and individuals.
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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 Pinnacle Renewable 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 - Pinnacle Renewable 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 |
Pinnacle Renewable Energy Comparisons
Competitors of Pinnacle Renewable 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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Frequently Asked Questions about Pinnacle Renewable Energy
When was Pinnacle Renewable Energy founded?
Pinnacle Renewable Energy was founded in 1989 and raised its 1st funding round 30 years after it was founded.
Where is Pinnacle Renewable Energy located?
Pinnacle Renewable Energy is headquartered in Prince George, Canada. It is registered at Prince George, British Columbia, Canada.
What does Pinnacle Renewable Energy do?
Pinnacle Renewable Energy was established in 1989 in the renewable energy sector, focusing on wood pellet manufacturing. Industrial fuel pellets, residential heating fuels, natural sorbents, and animal bedding products are produced at seven plants across British Columbia, Canada, with annual output exceeding 1.5 million tonnes. The company, formerly known as Pinnacle Pellet, was acquired by ONCAPa division of Onex Corporationin May 2011 for C71 million.
Who are Pinnacle Renewable Energy's investors?
Pinnacle Renewable Energy has 6 investors. Key investors include Canadian Imperial Bank of Commerce, Scotiabank, Bank of America, BMO, and Drax.