About Principle Power
Principle Power is a company based in Emeryville (United States) founded in 2007.. Principle Power has raised $24.3 million across 8 funding rounds from investors including Aker Solutions, European Union and OSTI.GOV. Principle Power operates in a competitive market with competitors including X1 Wind, BW Ideol, SeaTwirl, Triton Anchor and Wind Catching Systems, among others.
- Headquarter Emeryville, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$1.39 M (USD)295as on Dec 30, 2022
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Net Profit
$299.49 K (USD)21as on Dec 30, 2022
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EBITDA
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Total Equity Funding
$24.3 M (USD)
in 8 rounds
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Latest Funding Round
$22 M (USD), Series B
May 27, 2020
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Investors
Aker Solutions
& 3 more
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Employee Count
Employee Count
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Funding Insights of Principle Power
Principle Power has successfully raised a total of $24.3M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $22 million completed in May 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 8
- Last Round Series B — $22.0M
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First Round
First Round
(21 May 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Series B - Principle Power | Valuation |
investors |
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| Jan, 2020 | Amount | Grant - Principle Power | Valuation |
investors |
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| May, 2018 | Amount | Grant - Principle Power | Valuation |
investors |
| 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 Principle Power
Principle Power has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Aker Solutions, European Union and OSTI.GOV. 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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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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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 Principle Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Principle 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 |
Principle Power Comparisons
Competitors of Principle Power
Principle 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 X1 Wind, BW Ideol, SeaTwirl, Triton Anchor and Wind Catching Systems, 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 offshore floating wind platform for the wind energy sector
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| domain | founded_year | HQ Location |
Floating offshore wind energy platforms are provided for renewable projects.
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| domain | founded_year | HQ Location |
Vertical axis offshore wind turbine developer
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| domain | founded_year | HQ Location |
Provider of offshore wind anchor
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| domain | founded_year | HQ Location |
Offshore wind floating systems are provided for renewable energy projects.
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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 Principle Power
Frequently Asked Questions about Principle Power
When was Principle Power founded?
Principle Power was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is Principle Power located?
Principle Power is headquartered in Emeryville, United States. It is registered at Emeryville, California, United States.
Who is the current CEO of Principle Power?
Alla Weinstein is the current CEO of Principle Power.
Is Principle Power a funded company?
Principle Power is a funded company, having raised a total of $24.3M across 8 funding rounds to date. The company's 1st funding round was a Grant of $1.62M, raised on May 21, 2008.
What is the annual revenue of Principle Power?
Annual revenue of Principle Power is $1.39M as on Dec 30, 2022.
What does Principle Power do?
Principle Power was founded in 2007 and is based in Emeryville, United States. Offshore wind turbine floating systems are developed, focusing on the WindFloat semi-submersible platform, which operates independently of water depth or seabed conditions. Project development, design, and inspection services are also offered to support deployment in the renewable energy sector. Operations emphasize turbine-agnostic solutions for global offshore applications.
Who are the top competitors of Principle Power?
Who are Principle Power's investors?
Principle Power has 4 investors. Key investors include Aker Solutions, European Union, OSTI.GOV, and EDP Starter.