About Promethean Power Systems
Promethean Power Systems is a company based in Pune (India) founded in 2007 by Sorin Grama and Sam White.. Promethean Power Systems has raised $1.87 million across 6 funding rounds from investors including Acumen, MIT $100K and National Science Foundation. Promethean Power Systems offers products and services including Rapid Milk Chiller, Conventional Milk Chiller, Rapid Milk Chiller Premium, Micro Can-Chiller, and Cold Storage Solutions. Promethean Power Systems operates in a competitive market with competitors including Nordic 247 Services, VeriSolutions, Wakati, BottleKeeper and Get Prepd, among others.
- Headquarter Pune, India
- Founders Sorin Grama, Sam White
- Stage Minicorn
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Sectors
Consumer
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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 Spenta Technologies Pvt. Ltd.
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$3.33 M (USD)8.66as on Mar 31, 2022
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Net Profit
$-351.99 K (USD)-31.05as on Mar 31, 2022
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EBITDA
$-63.34 K (USD)-120.25as on Mar 31, 2022
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Total Equity Funding
$1.87 M (USD)
in 6 rounds
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Latest Funding Round
$1 M (USD), Series A
Oct 04, 2019
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Investors
Acumen
& 2 more
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Employee Count
Employee Count
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Products & Services of Promethean Power Systems
Promethean Power Systems offers a comprehensive portfolio of products and services, including Rapid Milk Chiller, Conventional Milk Chiller, Rapid Milk Chiller Premium, Micro Can-Chiller, and Cold Storage Solutions. 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.
Rapidly chills milk to reduce spoilage and preserve quality.
Provides standard milk chilling for dairy applications.
Offers advanced milk chilling with enhanced features.
Chills small-scale containers for cold storage needs.
Delivers customizable cold storage for various products.
Provides bespoke refrigeration systems for specific uses.
Integrates solar power into refrigeration systems.
Enables remote tracking of refrigeration performance.
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Funding Insights of Promethean Power Systems
Promethean Power Systems has successfully raised a total of $1.87M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $1 million completed in October 2019. 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 6
- Last Round Series A — $1.0M
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First Round
First Round
(19 Mar 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series A - Promethean Power Systems | Valuation | Acumen |
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| Jul, 2016 | Amount | Grant - Promethean Power Systems | Valuation |
investors |
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| Jan, 2013 | Amount | Seed - Promethean Power Systems | 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 Promethean Power Systems
Promethean Power Systems has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Acumen, MIT $100K and National Science Foundation. 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 fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Startups are accelerated via MIT-backed program in Cambridge.
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Founded Year | Domain | Location | |
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A government-backed foundation providing seed-stage investments to support small businesses.
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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 Power Systems
| 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 Power Systems
| 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 Power Systems Comparisons
Competitors of Promethean Power Systems
Promethean Power Systems 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 Nordic 247 Services, VeriSolutions, Wakati, BottleKeeper and Get Prepd, 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 |
Beverage e-cooling units are supplied to food businesses.
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| domain | founded_year | HQ Location |
It functions as an iot-powered temperature monitoring solutions for food refrigeration devices.
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| domain | founded_year | HQ Location |
Solar Powered device for extending shelf life of farm produce
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| domain | founded_year | HQ Location |
Bottle covers are manufactured to insulate and protect beer bottles.
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| domain | founded_year | HQ Location |
Sells non-stick cast iron skillets, Dutch ovens, and innovative meal prep tools.
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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 Power Systems
Frequently Asked Questions about Promethean Power Systems
When was Promethean Power Systems founded?
Promethean Power Systems was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Where is Promethean Power Systems located?
Promethean Power Systems is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Promethean Power Systems?
Jiten Ghelani is the current CEO of Promethean Power Systems.
Is Promethean Power Systems a funded company?
Promethean Power Systems is a funded company, having raised a total of $1.87M across 6 funding rounds to date. The company's 1st funding round was a Seed of $501.51K, raised on Mar 19, 2010.
What is the annual revenue of Promethean Power Systems?
Annual revenue of Promethean Power Systems is $3.33M as on Mar 31, 2022.
What does Promethean Power Systems do?
Promethean Power Systems was founded in 2007 and is based in Pune, India. Equipment for cold storage and milk chilling in the dairy sector is manufactured and supplied. Products include milk chillers and storage solutions that incorporate patented thermal storage technology, thermal batteries, and solar power integration. Customized options are developed to meet specific customer requirements. Operations are conducted from a manufacturing facility in Pune.
Who are the top competitors of Promethean Power Systems?
Promethean Power Systems's top competitors include Nordic 247 Services, BottleKeeper and Wakati.
What products or services does Promethean Power Systems offer?
Promethean Power Systems offers Rapid Milk Chiller, Conventional Milk Chiller, Rapid Milk Chiller Premium, Micro Can-Chiller, and 4 more products and services.
Who are Promethean Power Systems's investors?
Promethean Power Systems has 3 investors. Key investors include Acumen, MIT $100K, and National Science Foundation.
What is Promethean Power Systems's valuation?
The valuation of Promethean Power Systems is $2.32M as of Jan 2013.