About Promethean Energy
Promethean Energy is a company based in Mumbai (India) founded in 2014 by Ashwin Krishna K P and Rajat Agarwal. Promethean Energy has raised $2.49 million across 2 funding rounds from investors including Sangam Ventures, Fondation Botnar and Transition VC. The company has 16 employees as of April 07, 2024. Promethean Energy offers products and services including Heat Recovery from Air Compressors, Heat Recovery from Chillers, Heat Recovery from Hot Gases, and Effluent Heat Recovery System. Promethean Energy operates in a competitive market with competitors including Enertime, Enerdrape, Orcan Energy, Heliex Power and AEInnova, among others.
- Headquarter Mumbai, India
- Employees 16 as on 07 Apr, 2024
- Founders Ashwin Krishna K P, Rajat Agarwal
- Stage Minicorn
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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 Promethean Energy Private Limited
- Date of Incorporation 03 Feb, 2014
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$725.95 K (USD)110.25as on Mar 31, 2023
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Net Profit
$54.68 K (USD)198.31as on Mar 31, 2023
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EBITDA
$105.54 K (USD)1144.03as on Mar 31, 2023
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Total Equity Funding
$2.49 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Seed
May 22, 2025
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Investors
Sangam Ventures
& 4 more
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Employee Count
16
as on Apr 07, 2024
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Products & Services of Promethean Energy
Promethean Energy offers a comprehensive portfolio of products and services, including Heat Recovery from Air Compressors, Heat Recovery from Chillers, Heat Recovery from Hot Gases, and Effluent Heat Recovery System.
System to recover and reuse heat from air compressors for efficiency
Solution for capturing waste heat from chillers in industrial settings
Technology to harness heat from hot gases for energy savings
System for recovering heat from industrial effluents
Funding Insights of Promethean Energy
Promethean Energy has successfully raised a total of $2.49M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in May 2025. 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 Promethean Energy
Promethean Energy has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Sangam Ventures, Fondation Botnar and Transition VC.
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Energy transition investments and carbon offset initiatives in India.
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Investing in sustainable energy and resource productivity solutions for underserved communities in India.
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Investing in sustainable companies, providing advisory on decarbonization, and talent services globally.
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Investor details for Promethean Energy
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Investments & Acquisitions by Promethean Energy
Investment portfolio details for Promethean Energy
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Financial Statements - Promethean Energy
Detailed financials for Promethean Energy
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Promethean Energy Comparisons
Peer comparison for Promethean Energy
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Competitors of Promethean Energy
Promethean Energy 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 Enertime, Enerdrape, Orcan Energy, Heliex Power and AEInnova, among others.
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Manufacturer of organic rankine cycle modules
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Geothermal panel technology is developed for renewable heating and cooling.
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Waste heat is converted into electricity using ORC energy modules.
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Clean electricity is generated from waste heat and steam.
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Electricity is generated from industrial waste heat via thermoelectric systems.
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Detailed competitors of Promethean Energy
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Latest news on Promethean Energy
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Frequently Asked Questions about Promethean Energy
Promethean Energy was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Promethean Energy is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ashwin Krishna K P is the current CEO of Promethean Energy. They have also founded this company.
Promethean Energy is a funded company, having raised a total of $2.49M across 2 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Promethean Energy is 16.
Annual revenue of Promethean Energy is $725.95K as on Mar 31, 2023.
Designer and manufacturer of heat recovery and thermal energy solutions. They design and engineer efficient heat recovery solutions and heat pumps. The company audits existing heat generation networks to identify inefficiencies and opportunities for cost reduction. They manufacture the necessary equipment and accessories, install the solutions, and provide ongoing support throughout the systems lifecycle. Services include heat recovery from various sources, such as air compressors, chillers, and hot gases, as well as effluent heat recovery systems and heat pumps.
Promethean Energy's top competitors include Orcan Energy, AEInnova and ElectraTherm.
Promethean Energy offers Heat Recovery from Air Compressors, Heat Recovery from Chillers, Heat Recovery from Hot Gases, and Effluent Heat Recovery System.
Promethean Energy has 5 investors. Key investors include Sangam Ventures, Fondation Botnar, Transition VC, SAGANA, and Deepika Sood.
The valuation of Promethean Energy is $2.19M as of Dec 2016.