About PowerFlex
PowerFlex is a company based in San Diego (United States) founded in 2017 by George Lee was acquired by EDF Renewable Energy in September 2019.. PowerFlex has raised $100 million across 5 funding rounds from investors including EDF Renewable Energy, Manulife Wealth and Asset Management and CalSEED. PowerFlex offers products and services including PowerFlex X EV Chargers, PowerFlex X Fleet+, Energy Storage Systems, and Commercial Solar. PowerFlex operates in a competitive market with competitors including Dominion Energy, Enel X, Lightsource BP, EDF Renewable Energy and Origis Energy, among others.
- Headquarter San Diego, United States
- Founders George Lee
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$100 M (USD)
in 5 rounds
-
Latest Funding Round
$100 M (USD), Series A
Dec 13, 2022
-
Investors
EDF Renewable Energy
& 4 more
-
Employee Count
Employee Count
-
Acquired by
EDF Renewable Energy
(Sep 03, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of PowerFlex
PowerFlex offers a comprehensive portfolio of products and services, including PowerFlex X EV Chargers, PowerFlex X Fleet+, Energy Storage Systems, and Commercial Solar. 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 intelligent charging for commercial fleets and sites
Manages EV operations to optimize energy and costs
Offers storage for reliable backup and demand response
Delivers installations to generate onsite renewable power
Unlock access to complete
Funding Insights of PowerFlex
PowerFlex has successfully raised a total of $100M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $100 million completed in December 2022. 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 5
- Last Round Series A — $100.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - PowerFlex | Valuation |
investors |
|
| Sep, 2018 | Amount | Grant - PowerFlex | Valuation |
investors |
|
| Sep, 2017 | Amount | Grant - PowerFlex | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PowerFlex
PowerFlex has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include EDF Renewable Energy, Manulife Wealth and Asset Management and CalSEED. 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 |
|---|---|---|---|---|
|
Manulife Wealth and Asset Management is engaged in providing investment and retirement solutions globally.
|
Founded Year | Domain | Location | |
|
Early-stage clean energy startups are supported through grants.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by PowerFlex
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - PowerFlex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Powerflex Comparisons
Competitors of PowerFlex
PowerFlex 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 Dominion Energy, Enel X, Lightsource BP, EDF Renewable Energy and Origis 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 |
Energy production and transportation are conducted by Dominion Energy.
|
|
| domain | founded_year | HQ Location |
Utility-scale renewable energy projects are developed by Enel X.
|
|
| domain | founded_year | HQ Location |
Solar energy projects are developed and operated by Lightsource BP.
|
|
| domain | founded_year | HQ Location |
Solar and wind energy projects are developed and operated.
|
|
| domain | founded_year | HQ Location |
Utility-scale and commercial solar projects are developed worldwide.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Powerflex
Frequently Asked Questions about PowerFlex
When was PowerFlex founded?
PowerFlex was founded in 2017.
Where is PowerFlex located?
PowerFlex is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Who is the current CEO of PowerFlex?
George Lee is the current CEO of PowerFlex. They have also founded this company.
Is PowerFlex a funded company?
PowerFlex is a funded company, having raised a total of $100M across 5 funding rounds to date. The company's 1st funding round was a Grant of $150K, raised on Jan 11, 2017.
What does PowerFlex do?
PowerFlex was founded in 2017 and is headquartered in San Diego, United States. Services in renewable energy project development are offered, with a focus on the clean energy sector. Operations encompass planning, execution, and management of sustainable energy initiatives across various geographies. Leadership is provided by George Lee as Founder and CEO. The company supports the transition to renewable sources through specialized development expertise.
Who are the top competitors of PowerFlex?
PowerFlex's top competitors include Enel X, Lightsource BP and Dominion Energy.
What products or services does PowerFlex offer?
PowerFlex offers PowerFlex X EV Chargers, PowerFlex X Fleet+, Energy Storage Systems, and Commercial Solar.
Who are PowerFlex's investors?
PowerFlex has 5 investors. Key investors include EDF Renewable Energy, Manulife Wealth and Asset Management, CalSEED, National Science Foundation, and Wells Fargo Innovation Incubator.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.