About Rhombus Energy Solutions
Rhombus Energy Solutions is a company based in San Diego (United States) founded in 2012 by Parthiv Patel and Rick Sander was acquired by BorgWarner in August 2022.. Rhombus Energy Solutions has raised $10.98 million across 5 funding rounds from investors including BorgWarner, Cycle Capital and İnci Holding. Rhombus Energy Solutions operates in a competitive market with competitors including Nuvve, Esyasoft, Fermata Energy, Indra and Qovoltis, among others.
- Headquarter San Diego, United States
- Founders Parthiv Patel, Rick Sander
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Sectors
Transportation, Automotive & LogisticsEnergy & 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 Rhombus Energy Solutions, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.98 M (USD)
in 5 rounds
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Latest Funding Round
$4.15 M (USD), Series D
Apr 19, 2022
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Investors
BorgWarner
& 6 more
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Employee Count
Employee Count
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Acquired by
BorgWarner
(Aug 03, 2022)
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Software Development Team
44 people
Human Resources and Administration
39 people
Sales and Marketing
36 people
Leadership Team
35 people
Finance and Accounting
27 people
Product Management Team
23 people
Senior Team
19 people
Business Team
5 people
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Funding Insights of Rhombus Energy Solutions
Rhombus Energy Solutions has successfully raised a total of $10.98M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $4.15 million completed in April 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 5
- Last Round Series D — $4.1M
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First Round
First Round
(25 Mar 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series D - Rhombus Energy Solutions | Valuation |
investors |
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| Sep, 2020 | Amount | Series C - Rhombus Energy Solutions | Valuation | Emerald Technology Ventures | |
| Dec, 2018 | Amount | Series A - Rhombus Energy Solutions | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Rhombus Energy Solutions
Rhombus Energy Solutions has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include BorgWarner, Cycle Capital and İnci Holding. 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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Cycle Capital is engaged in venture capital for clean tech innovations.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Growth equity capital is provided by GHC Partners for industrial innovation.
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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 Rhombus Energy Solutions
| 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 - Rhombus Energy Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Rhombus Energy Solutions Comparisons
Competitors of Rhombus Energy Solutions
Rhombus Energy Solutions 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 Nuvve, Esyasoft, Fermata Energy, Indra and Qovoltis, 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 |
V2G solutions for EV charging and grid services are provided.
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| domain | founded_year | HQ Location |
AI-powered solutions for energy grid modernization are provided.
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| domain | founded_year | HQ Location |
Vehicle-to-grid systems are developed for electric vehicle energy storage.
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| domain | founded_year | HQ Location |
Electric vehicle charging solutions are provided for domestic applications.
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| domain | founded_year | HQ Location |
Provider of electric vehicle charging solutions
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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 Rhombus Energy Solutions
Frequently Asked Questions about Rhombus Energy Solutions
When was Rhombus Energy Solutions founded?
Rhombus Energy Solutions was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Rhombus Energy Solutions located?
Rhombus Energy Solutions is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Who is the current CEO of Rhombus Energy Solutions?
Rick Sander is the current CEO of Rhombus Energy Solutions. They have also founded this company.
Is Rhombus Energy Solutions a funded company?
Rhombus Energy Solutions is a funded company, having raised a total of $10.98M across 5 funding rounds to date. The company's 1st funding round was a Series A of $3.57M, raised on Mar 25, 2015.
What does Rhombus Energy Solutions do?
Rhombus Energy Solutions was founded in 2012 in San Diego, United States. Power management and energy storage solutions are designed and developed by the company, with emphasis on energy conversion and control systems. Operations focus on renewable energy integration, microgrids, electric motor control, regenerative energy recovery, and battery management. Products support applications in sustainable power infrastructure across various sectors.
Who are the top competitors of Rhombus Energy Solutions?
Rhombus Energy Solutions's top competitors include Esyasoft, Fermata Energy and Indra.
Who are Rhombus Energy Solutions's investors?
Rhombus Energy Solutions has 7 investors. Key investors include BorgWarner, Cycle Capital, İnci Holding, Nabtesco Technology Ventures, and GHC Partners.