About Renkube
Renkube is a company based in Bengaluru (India) founded in 2017 by Janardhana V, Lakshmi Santhanam, Deepika Gopal, and Balaji Lakshmikanth Bangolae.. Renkube has raised $301.61 thousand across 1 funding round from investors including JITO Incubation & Innovation Foundation, Keiretsu Forum and Halliburton Labs. Renkube offers products and services including Renkube Panels. Renkube operates in a competitive market with competitors including Nextracker, Helioslite, Ideematec, Nevados and Sys3E Technologies, among others.
- Headquarter Bengaluru, India
- Founders Janardhana V, Lakshmi Santhanam, Deepika Gopal, Balaji Lakshmikanth Bangolae
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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- Legal Name Renkube Private Limited
- Date of Incorporation 06 Nov, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.1 K (USD)-90.93as on Mar 31, 2022
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Net Profit
$-23.28 K (USD)-276.95as on Mar 31, 2022
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EBITDA
$-21.11 K (USD)-21.88as on Mar 31, 2022
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Total Equity Funding
$301.61 K (USD)
in 1 rounds
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Latest Funding Round
$301.61 K (USD), Seed
Aug 16, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Renkube
Renkube offers a comprehensive portfolio of products and services, including Renkube Panels. 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.
AI-powered panels providing 20% higher energy yield with no maintenance required.
Funding Insights of Renkube
Renkube has successfully raised a total of $301.61K through 1 strategic funding round. The most recent funding activity was a Seed round of $301.61 thousand completed in August 2022. 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 1
- Last Round Seed — $301,610
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First Round
First Round
(16 Aug 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - Renkube | Valuation | IIMA 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 Renkube
Renkube has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include JITO Incubation & Innovation Foundation, Keiretsu Forum and Halliburton Labs. 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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Multiple sectors are incubated by the foundation in Mumbai, India.
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Founded Year | Domain | Location | |
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A global angel investor network is operated by Keiretsu Forum.
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Founded Year | Domain | Location | |
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Engineering consulting, mechanical testing, and manufacturing setup services are provided.
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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 Renkube
| 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 - Renkube
| 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 |
Renkube Comparisons
Competitors of Renkube
Renkube 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 Nextracker, Helioslite, Ideematec, Nevados and Sys3E Technologies, 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 |
Solar panel tracking software is provided for monitoring and control.
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| domain | founded_year | HQ Location |
Dual-axis solar tracking systems are developed for power optimization.
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| domain | founded_year | HQ Location |
Solar tracking technology solutions provider
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| domain | founded_year | HQ Location |
All-terrain solar trackers are supplied for uneven landscapes.
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| domain | founded_year | HQ Location |
Provider of solar PV tracking 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 Renkube
Frequently Asked Questions about Renkube
When was Renkube founded?
Renkube was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Renkube located?
Renkube is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Renkube?
Balaji Lakshmikanth Bangolae is the current CEO of Renkube. They have also founded this company.
Is Renkube a funded company?
Renkube is a funded company, having raised a total of $301.61K across 1 funding round to date. The company's 1st funding round was a Seed of $301.61K, raised on Aug 16, 2022.
What is the annual revenue of Renkube?
Annual revenue of Renkube is $1.1K as on Mar 31, 2022.
What does Renkube do?
Renkube was founded in 2017 in Bengaluru, India, and operates in the renewable energy sector. Solar panels are developed by the company, featuring no moving parts for reduced maintenance and an extended lifespan. Compatibility with various solar cell types is ensured, while the levelized cost of energy is targeted for reduction. Environmental sustainability is supported through decreased dependence on conventional energy sources.
Who are the top competitors of Renkube?
Renkube's top competitors include Nextracker, Helioslite and Sys3E Technologies.
What products or services does Renkube offer?
Renkube offers Renkube Panels.
Who are Renkube's investors?
Renkube has 4 investors. Key investors include JITO Incubation & Innovation Foundation, Keiretsu Forum, Halliburton Labs, and IIMA Ventures.
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