About Prolectric
Prolectric is a company based in Clevedon (United Kingdom) founded in 1985 was acquired by Hill & Smith Holdings in March 2021.. Prolectric offers products and services including ProLight Solar Lighting Tower, LED Solar Street Light, ProPower Solar Hybrid Generator, and ProSecure Security Tower. Prolectric operates in a competitive market with competitors including Boond, Mpowerd and UpEnergy, among others.
- Headquarter Clevedon, United Kingdom
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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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- Legal Name Prolectric Services Limited
- Date of Incorporation 03 Dec, 2002
- Jurisdiction SOLIHULL, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$3.73 M (USD), Debt – Conventional
Jan 11, 2021
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Investors
Shawbrook Bank
& 1 more
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Employee Count
Employee Count
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Acquired by
Hill & Smith Holdings
(Mar 02, 2021)
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Products & Services of Prolectric
Prolectric offers a comprehensive portfolio of products and services, including ProLight Solar Lighting Tower, LED Solar Street Light, ProPower Solar Hybrid Generator, and ProSecure Security Tower. 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.
Solar-powered tower for site lighting in construction
Energy-efficient street lighting using solar power
Hybrid generator for off-grid energy supply
CCTV and lighting system for remote monitoring
Funding Insights of Prolectric
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $3.7M
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First Round
First Round
(11 Jan 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Debt – Conventional - Prolectric | 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 Prolectric
Prolectric has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Shawbrook Bank and Hill & Smith. 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 services are provided in the United Kingdom.
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Founded Year | Domain | Location | |
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Infrastructure solutions are provided by Hill & Smith PLC.
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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 Prolectric
| 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 - Prolectric
| 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 |
Prolectric Comparisons
Competitors of Prolectric
Prolectric 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 Boond, Mpowerd and UpEnergy, 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 |
Solar products are supplied to rural poor in Indian villages.
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| domain | founded_year | HQ Location |
Emergency solar lights are manufactured for portable use.
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| domain | founded_year | HQ Location |
Clean energy products are delivered to rural households in Uganda.
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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 Prolectric
Frequently Asked Questions about Prolectric
When was Prolectric founded?
Prolectric was founded in 1985 and raised its 1st funding round 36 years after it was founded.
Where is Prolectric located?
Prolectric is headquartered in Clevedon, United Kingdom. It is registered at Clevedon, North Somerset, United Kingdom.
What does Prolectric do?
Prolectric was founded in 1985 and is based in Clevedon, United Kingdom. Operations focus on the renewable energy sector, where solar lighting systems are produced for commercial and residential scales. Key products include 1.3kW ProLight LED solar lighting towers, 10-20W ProTemp solar street lights, solar bollards, and AE6 solar street lights. Forgen Ventus microturbines for wind power are supplied as well.
Who are the top competitors of Prolectric?
What products or services does Prolectric offer?
Prolectric offers ProLight Solar Lighting Tower, LED Solar Street Light, ProPower Solar Hybrid Generator, and ProSecure Security Tower.
Who are Prolectric's investors?
Prolectric has 2 investors. Key investors include Shawbrook Bank, and Hill & Smith.
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