About Plastic Energy
Plastic Energy is a company based in London (United Kingdom) founded in 2017.. Plastic Energy has raised $167.71 million across 2 funding rounds from investors including Axens, Sealed Air and M&G. Plastic Energy offers products and services including TACOIL and Recycling Technology. Plastic Energy operates in a competitive market with competitors including APK, Banyan Nation, Dalmia Polypro Industries, Jeplan and Srichakra Polyplast, among others.
- Headquarter London, United Kingdom
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Sectors
Environment
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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 Plastic Energy Limited
- Date of Incorporation 18 Dec, 2015
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$4.95 M (USD)69as on Dec 31, 2023
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Net Profit
$-32.09 M (USD)-9as on Dec 31, 2023
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EBITDA
$-33.29 M (USD)-9as on Dec 31, 2023
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Total Equity Funding
$167.71 M (USD)
in 2 rounds
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Latest Funding Round
$167.71 M (USD), Series A
Nov 08, 2021
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Investors
Axens
& 3 more
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Employee Count
Employee Count
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Products & Services of Plastic Energy
Plastic Energy offers a comprehensive portfolio of products and services, including TACOIL and Recycling Technology. 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.
Feedstock from recycled plastics for new production, reducing waste.
Advanced method to convert plastic waste into hydrocarbon vapours.
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Funding Insights of Plastic Energy
Plastic Energy has successfully raised a total of $167.71M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $167.71 million completed in November 2021. 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 2
- Last Round Series A — $167.7M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series A - Plastic Energy | Valuation |
investors |
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| Aug, 2020 | Amount | Seed - Plastic Energy | Valuation | Sealed Air |
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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 Plastic Energy
Plastic Energy has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Axens, Sealed Air and M&G. 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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LetterOne is engaged in long-term investments across key sectors.
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Founded Year | Domain | Location | |
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Diversified asset management firm and private fund focused on debt and equity investments in climate startups, real estate, and multiple sectors
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Integrated solutions are provided for energy transition and chemical processing.
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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 Plastic 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 - Plastic 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 |
Plastic Energy Comparisons
Competitors of Plastic Energy
Plastic 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 APK, Banyan Nation, Dalmia Polypro Industries, Jeplan and Srichakra Polyplast, 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 |
Provider of plastic recycling solutions
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| domain | founded_year | HQ Location |
Post-consumer and industrial plastics are recycled into comparable granules.
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| domain | founded_year | HQ Location |
Provider of recycled plastic flakes and granules from post-consumer waste. It sources waste from various points in the supply chain, including waste pickers and municipalities. The company processes this waste to produce high-quality recycled PET and polyolefin products for use in various industries, including fashion, consumer packaging, and material handling. It also assists companies in meeting their extended producer responsibility (EPR) obligations. The process aims to maximize the value of collected plastic waste and promote a circular economy.
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| domain | founded_year | HQ Location |
Waste plastic is processed into recyclable materials via advanced technology.
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| domain | founded_year | HQ Location |
End-to-end plastic recycling and waste management solutions are provided.
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| domain | founded_year | HQ Location |
Producer of waste polyethylene terephthalate (PET) plastics and polyester fibers
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| 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 Plastic Energy
Frequently Asked Questions about Plastic Energy
When was Plastic Energy founded?
Plastic Energy was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Plastic Energy located?
Plastic Energy is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Plastic Energy a funded company?
Plastic Energy is a funded company, having raised a total of $167.71M across 2 funding rounds to date.
What is the annual revenue of Plastic Energy?
Annual revenue of Plastic Energy is $4.95M as on Dec 31, 2023.
What does Plastic Energy do?
Plastic Energy was founded in 2017 and is based in London, United Kingdom. Operations focus on the recycling sector, where end-of-life plastic waste is processed through a patented thermal anaerobic conversion technology. In this method, plastic is heated without oxygen to generate saturated hydrocarbon vapors, which are then distilled into naphtha, diesel, synthetic oils, and food-grade plastic materials.
Who are the top competitors of Plastic Energy?
Plastic Energy's top competitors include APK, Srichakra Polyplast and Banyan Nation.
What products or services does Plastic Energy offer?
Plastic Energy offers TACOIL and Recycling Technology.
Who are Plastic Energy's investors?
Plastic Energy has 4 investors. Key investors include Axens, Sealed Air, M&G, and LetterOne.