About Polar Power
Polar Power is a company based in Gardena (United States) founded in 1979.. Polar Power has raised $1.17 million across 4 funding rounds from investors including Citi. The company has 82 employees as of December 31, 2024. Polar Power offers products and services including DC Generators, Hybrid Power Systems, and Marine DC Generators. Polar Power operates in a competitive market with competitors including Ecoflow, Ascent Solar, Enteligent, Renogy and Infiniti Energy, among others.
- Headquarter Gardena, United States
- Employees 82 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Polar Power, Inc.
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Annual Revenue
$13.97 M-8.65as on Dec 31, 2024
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Net Profit
$-4.68 M28.57as on Dec 31, 2024
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EBITDA
$-4.21 M24.9as on Dec 31, 2024
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Total Equity Funding
$1.17 M (USD)
in 4 rounds
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Latest Funding Round
$2.81 M (USD), Post-IPO
Jul 02, 2020
- Investors
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Employee Count
82
as on Dec 31, 2024
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IPO & Listings of Polar Power
Polar Power is a publicly listed company on the NASDAQ with ticker symbol POLA in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Polar Power
Polar Power offers a comprehensive portfolio of products and services, including DC Generators, Hybrid Power Systems, and Marine DC Generators. 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.
Devices providing reliable DC power for telecom and military uses
Integrated systems combining solar and generators for efficient energy
Generators designed for marine vessels and propulsion needs
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Funding Insights of Polar Power
Polar Power has successfully raised a total of $1.17M across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $2.81 million completed in July 2020. 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 Post-IPO — $2.8M
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First Round
First Round
(01 Oct 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Post-IPO - Polar Power | Valuation |
investors |
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| Jun, 2019 | Amount | Debt – Conventional - Polar Power | Valuation |
investors |
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| Oct, 2014 | Amount | Post-IPO - Polar Power | 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 Polar Power
Polar Power has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Citi. 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 and financial services are provided globally.
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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 Polar Power
| 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 - Polar Power
| 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 |
Polar Power Comparisons
Competitors of Polar Power
Polar Power 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 Ecoflow, Ascent Solar, Enteligent, Renogy and Infiniti 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 |
An online platform for energy storage solutions is offered.
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| domain | founded_year | HQ Location |
Thin-film CIGS solar modules manufacturer
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| domain | founded_year | HQ Location |
Solar-powered products are manufactured by Enteligent in the United States.
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| domain | founded_year | HQ Location |
Solar panels, kits, and power electronics are manufactured by Renogy.
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| domain | founded_year | HQ Location |
Solar EPC services are provided for renewable energy projects.
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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 Polar Power
Frequently Asked Questions about Polar Power
When was Polar Power founded?
Polar Power was founded in 1979 and raised its 1st funding round 35 years after it was founded.
Where is Polar Power located?
Polar Power is headquartered in Gardena, United States. It is registered at Gardena, California, United States.
Who is the current CEO of Polar Power?
Arthur D Sams is the current CEO of Polar Power.
Is Polar Power a funded company?
Polar Power is a funded company, having raised a total of $1.17M across 4 funding rounds to date. The company's 1st funding round was a Post-IPO of $1.17M, raised on Oct 01, 2014.
How many employees does Polar Power have?
As of Dec 31, 2024, the latest employee count at Polar Power is 82.
What is the annual revenue of Polar Power?
Annual revenue of Polar Power is $13.97M as on Dec 31, 2024.
What does Polar Power do?
Polar Power was founded in 1979 and is located in Gardena, United States. Mobile rapid chargers for electric vehicles are developed by the company, enabling charging in areas without utility grids. Systems include DC generators, battery management systems, and integrated software, designed for 20 kW to 40 kW applications. Heat exchangers and lithium-ion battery systems are also manufactured within the energy storage and EV infrastructure sector.
Who are the top competitors of Polar Power?
Polar Power's top competitors include Ecoflow, Renogy and Enteligent.
What products or services does Polar Power offer?
Polar Power offers DC Generators, Hybrid Power Systems, and Marine DC Generators.
Is Polar Power publicly traded?
Yes, Polar Power is publicly traded on NASDAQ under the ticker symbol POLA.
Who are Polar Power's investors?
Polar Power has 1 investor. Key investors include Citi.
What is Polar Power's ticker symbol?
The ticker symbol of Polar Power is POLA on NASDAQ.