About Propel IT
Propel IT is a company based in Pittsburgh (United States) founded in 2008 by Anthony Lacenere and Timm Rawa. It operates as a B2B. Propel IT offers products and services including Off-Grid EV Charging Solution and Customized Charging Stations. Propel IT operates in a competitive market with competitors including Carnot, Vnomics, Dynamon, Niukafu and Creation Labs, among others.
- Headquarter Pittsburgh, United States
- Founders Anthony Lacenere, Timm Rawa
-
Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Propel It, Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Propel IT
Propel IT offers a comprehensive portfolio of products and services, including Off-Grid EV Charging Solution and Customized Charging Stations. 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.
Ultra-fast, reliable charging for electric fleets with off-grid power.
Rapid installation of EV charging for commercial operations.
Funding Insights of Propel IT
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2013 | Amount | Seed - Propel IT | Valuation |
investors |
|
| Feb, 2011 | Amount | Seed - Propel IT | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Propel IT
Propel IT has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Innovation Works. 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 |
|---|---|---|---|---|
|
Software, hardware, and life sciences startups are funded and accelerated.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Propel IT
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Propel IT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Propel It Comparisons
Competitors of Propel IT
Propel IT 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 Carnot, Vnomics, Dynamon, Niukafu and Creation Labs, 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 |
Farm analytics and tractor telematics solutions are provided for agriculture.
|
|
| domain | founded_year | HQ Location |
Fleet management with focus on fuel economy and driver coaching
|
|
| domain | founded_year | HQ Location |
Fuel management solutions are delivered for logistics using telematics data.
|
|
| domain | founded_year | HQ Location |
Fuel management software for logistics is provided by Niukafu.
|
|
| domain | founded_year | HQ Location |
Provider of fuel consumption monitoring solution for drivers
|
|
| domain | founded_year | HQ Location |
Wireless Automated Vehicle Identification for automated fuelling and fleet management
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Propel It
Frequently Asked Questions about Propel IT
When was Propel IT founded?
Propel IT was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is Propel IT located?
Propel IT is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of Propel IT?
Anthony Lacenere is the current CEO of Propel IT. They have also founded this company.
What does Propel IT do?
Propel Recharging Solutions delivers off-grid DC ultra-fast EV charging for electric vehicle fleets, focusing on rapid installation and reliability. Based in Pittsburgh, PA, USA, they provide customized stations with no upfront costs, allowing businesses to charge onsite and reduce downtime. Their approach emphasizes predictable expenses and operational efficiency, serving trucking and logistics clients by replacing traditional fuel with sustainable options.
Who are the top competitors of Propel IT?
What products or services does Propel IT offer?
Propel IT offers Off-Grid EV Charging Solution and Customized Charging Stations.
Who are Propel IT's investors?
Propel IT has 1 investor. Key investors include Innovation Works.