About Polarelectric
Polarelectric is a company based in Kolkata (India) founded in 2009. Polarelectric has raised $1.58 million across 2 funding rounds from investors including Arunima Investment, Fantastic Hirise and Hi-Gain Consultancy Services. Polarelectric offers products and services including Fans and Water Heaters.
- Headquarter Kolkata, India
- Stage Minicorn
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Sectors
Consumer
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Polar Elektric Limited
- Jurisdiction Circus Avenue, West Bengal, India
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Annual Revenue
$256.58 K (USD)-58.23as on Mar 31, 2023
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Net Profit
-$5.93 M (USD)-25650.46as on Mar 31, 2023
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EBITDA
-$174.35 K (USD)-297.95as on Mar 31, 2023
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Total Equity Funding
$1.58 M (USD)
in 2 rounds
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Latest Funding Round
$1.35 M (USD), Series A
Oct 10, 2014
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Investors
Arunima Investment
& 23 more
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Employee Count
Not available
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Products & Services of Polarelectric
Polarelectric offers a comprehensive portfolio of products and services, including Fans and Water Heaters.
Various types of fans, such as ceiling and pedestal fans, are manufactured by Polar to provide cooling solutions for residential use.
Storage, instant, and gas water heaters are produced by Polar to facilitate hot water supply in households.
Funding Insights of Polarelectric
Polarelectric has successfully raised a total of $1.58M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.35 million completed in October 2014. 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.
Investors in Polarelectric
Polarelectric has secured backing from 24 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Arunima Investment, Fantastic Hirise and Hi-Gain Consultancy Services.
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Private equity firm focused on multiple sectors
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Multiple sectors are invested in by this private equity firm.
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Investor details for Polarelectric
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Investments & Acquisitions by Polarelectric
Investment portfolio details for Polarelectric
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Financial Statements - Polarelectric
Detailed financials for Polarelectric
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Polarelectric Comparisons
Peer comparison for Polarelectric
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Competitors of Polarelectric
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Latest news on Polarelectric
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Frequently Asked Questions about Polarelectric
Polarelectric was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Polarelectric is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Polarelectric is a funded company, having raised a total of $1.58M across 2 funding rounds to date.
Annual revenue of Polarelectric is $256.58K as on Mar 31, 2023.
Polarelectric was established in 2009 as a manufacturer of home electrical appliances. Operations are centered in Kolkata, India, where production and distribution activities are managed. The company focuses on the consumer electronics sector, offering products for household use. Its online presence is maintained through the domain polarelectric.in, supporting regional and potential national outreach. Details on specific product lines or expansions are not specified in available records.
Polarelectric offers Fans and Water Heaters.
Polarelectric has 24 investors. Key investors include Arunima Investment, Fantastic Hirise, Hi-Gain Consultancy Services, Concrete Consultancy Services, and Human Sales.
The valuation of Polarelectric is $1.9M as of Oct 2014.