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. 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.
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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.0M
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First Round
First Round
(25 Dec 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Seed - Promethean Energy | Valuation | Transition VC | |
| Dec, 2016 | Amount | Seed - Promethean Energy | Valuation | Sangam Ventures |
| 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 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. 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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Energy transition investments and carbon offset initiatives in India.
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Founded Year | Domain | Location | |
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Investing in sustainable energy and resource productivity solutions for underserved communities in India.
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Founded Year | Domain | Location | |
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Investing in sustainable companies, providing advisory on decarbonization, and talent services globally.
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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 Promethean Energy
| 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 - Promethean Energy
| 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 |
Promethean Energy Comparisons
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. 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 |
Manufacturer of organic rankine cycle modules
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Geothermal panel technology is developed for renewable heating and cooling.
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| domain | founded_year | HQ Location |
Waste heat is converted into electricity using ORC energy modules.
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| domain | founded_year | HQ Location |
Clean electricity is generated from waste heat and steam.
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| domain | founded_year | HQ Location |
Electricity is generated from industrial waste heat via thermoelectric systems.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Promethean Energy
Frequently Asked Questions about Promethean Energy
When was Promethean Energy founded?
Promethean Energy was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Promethean Energy located?
Promethean Energy is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Promethean Energy?
Ashwin Krishna K P is the current CEO of Promethean Energy. They have also founded this company.
Is Promethean Energy a funded company?
Promethean Energy is a funded company, having raised a total of $2.49M across 2 funding rounds to date. The company's 1st funding round was a Seed of $488.39K, raised on Dec 25, 2016.
How many employees does Promethean Energy have?
As of Apr 07, 2024, the latest employee count at Promethean Energy is 16.
What is the annual revenue of Promethean Energy?
Annual revenue of Promethean Energy is $725.95K as on Mar 31, 2023.
What does Promethean Energy do?
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.
Who are the top competitors of Promethean Energy?
Promethean Energy's top competitors include Orcan Energy, AEInnova and ElectraTherm.
What products or services does Promethean Energy offer?
Promethean Energy offers Heat Recovery from Air Compressors, Heat Recovery from Chillers, Heat Recovery from Hot Gases, and Effluent Heat Recovery System.
Who are Promethean Energy's investors?
Promethean Energy has 5 investors. Key investors include Sangam Ventures, Fondation Botnar, Transition VC, SAGANA, and Deepika Sood.
What is Promethean Energy's valuation?
The valuation of Promethean Energy is $2.19M as of Dec 2016.