About Powerthru
Powerthru is a company based in Livonia (United States) founded in 1998 was acquired by Psi-Online in November 2010.. Powerthru has raised $79.09 million across 11 funding rounds from investors including DTE Energy, MVV Energie and Loudwater Investment Partners. The company has 127 employees as of December 31, 2022. Powerthru operates in a competitive market with competitors including Ambri, Cheesecake Energy, Hydrostor, Raygen and Quidnet Energy, among others.
- Headquarter Livonia, United States
- Employees 127 as on 31 Dec, 2022
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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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Total Equity Funding
$79.09 M (USD)
in 11 rounds
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Latest Funding Round
$2 M (USD), Debt – Conventional
Jun 18, 2009
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Investors
DTE Energy
& 7 more
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Employee Count
127
as on Dec 31, 2022
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Acquired by
Psi-Online
(Nov 04, 2010)
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Funding Insights of Powerthru
Powerthru has successfully raised a total of $79.09M across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2 million completed in June 2009. 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 11
- Last Round Debt – Conventional — $2.0M
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First Round
First Round
(08 Jul 2002)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2009 | Amount | Debt – Conventional - Powerthru | Valuation |
investors |
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| Sep, 2008 | Amount | Series E - Powerthru | Valuation |
investors |
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| Aug, 2008 | Amount | Series E - Powerthru | 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 Powerthru
Powerthru has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include DTE Energy, MVV Energie and Loudwater Investment Partners. 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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Venture capital is offered by Nth Power for energy innovation.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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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 Powerthru
| 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 - Powerthru
| 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 |
Powerthru Comparisons
Competitors of Powerthru
Powerthru 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 Ambri, Cheesecake Energy, Hydrostor, Raygen and Quidnet 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.
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Compressed air is stored underwater for electricity generation.
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Advanced solar CPV systems using mirrors are provided by Raygen.
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Provider of pumped hydro based energy storage system
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High-density hydro long-duration energy storage technology is developed.
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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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Frequently Asked Questions about Powerthru
When was Powerthru founded?
Powerthru was founded in 1998 and raised its 1st funding round 4 years after it was founded.
Where is Powerthru located?
Powerthru is headquartered in Livonia, United States. It is registered at Livonia, Michigan, United States.
Is Powerthru a funded company?
Powerthru is a funded company, having raised a total of $79.09M across 11 funding rounds to date. The company's 1st funding round was a Series E of $1.5M, raised on Jul 08, 2002.
How many employees does Powerthru have?
As of Dec 31, 2022, the latest employee count at Powerthru is 127.
What does Powerthru do?
Powerthru was founded in 1998 and is based in Livonia, United States. Advanced flywheel energy storage systems are developed, manufactured, and marketed by the company within the energy storage sector. These systems support ride-through power, voltage stabilization, and power recycling for commercial uninterruptible power supply applications. An alternative to lead-acid batteries is offered, focusing on low-maintenance and environmental considerations for non-residential uses.
Who are the top competitors of Powerthru?
Powerthru's top competitors include Ambri, Hydrostor and RheEnergise.
Who are Powerthru's investors?
Powerthru has 8 investors. Key investors include DTE Energy, MVV Energie, Loudwater Investment Partners, Nth Power, and Rustic Canyon Partners.
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