About Racepoint Energy
Racepoint Energy is a company based in Barnstable (United States) founded in 2015 was acquired by Savant Systems in July 2021.. Racepoint Energy has completed 1 acquisition, including Noon Home. Racepoint Energy offers products and services including Savant Power Modules, Savant Hybrid Inverter, Savant Storage, and Savant Level 2 EV Charger. Racepoint Energy operates in a competitive market with competitors including Particle, ecobee, Signify, Landis+Gyr and Span.IO, among others.
- Headquarter Barnstable, United States
-
Sectors
Business ServicesEnergy & Utilities Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Savant Systems, Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
- Investments & Acquisitions
-
Acquired by
Savant Systems
(Jul 20, 2021)
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 Racepoint Energy
Racepoint Energy offers a comprehensive portfolio of products and services, including Savant Power Modules, Savant Hybrid Inverter, Savant Storage, and Savant Level 2 EV Charger. 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.
Provides precise energy monitoring and outage detection for homes.
Manages solar and battery integration for efficient energy flow.
Offers reliable backup power for whole-home energy needs.
Enables rapid at-home electric vehicle charging with app control.
Funding Insights of Racepoint Energy
| 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 Racepoint Energy
Racepoint Energy has secured backing from 1 investor. Prominent investors backing the company include Savant Systems. 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 |
|---|---|---|---|---|
|
Connected devices are managed via an app and hub system.
|
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 Racepoint Energy
Racepoint Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Noon Home. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Smart switches for home lighting are provided by NOON.
|
2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Racepoint Energy
| 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 |
Racepoint Energy Comparisons
Competitors of Racepoint Energy
Racepoint 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 Particle, ecobee, Signify, Landis+Gyr and Span.IO, 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 |
IoT connectivity platform from prototype to production is developed.
|
|
| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
|
|
| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
|
|
| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
|
|
| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
|
|
| domain | founded_year | HQ Location |
Energy-efficient smart lightbulbs are developed by Nanoleaf.
|
| 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.
|
Frequently Asked Questions about Racepoint Energy
When was Racepoint Energy founded?
Racepoint Energy was founded in 2015.
Where is Racepoint Energy located?
Racepoint Energy is headquartered in Barnstable, United States. It is registered at Barnstable, Massachusetts, United States.
What does Racepoint Energy do?
Racepoint Energy provides load management and microgrid solutions. It installs Racepoint companion Modules to monitor and control every circuit. It provides microgrid service by combining on-site energy generation, battery storage, and load management so the customers have control over their energy assets.
Who are the top competitors of Racepoint Energy?
Racepoint Energy's top competitors include ecobee, Particle and Landis+Gyr.
What products or services does Racepoint Energy offer?
Racepoint Energy offers Savant Power Modules, Savant Hybrid Inverter, Savant Storage, and Savant Level 2 EV Charger.
How many acquisitions has Racepoint Energy made?
Racepoint Energy has made 1 acquisition, including Noon Home.
Who are Racepoint Energy's investors?
Racepoint Energy has 1 investor. Key investors include Savant Systems.