About Sturdee Energy
Sturdee Energy is a company based in Johannesburg (South Africa) founded in 2016.. Sturdee Energy has raised $44 million across 1 funding round from investors including Swedfund and IFU. Sturdee Energy offers products and services including Solar PV Projects, Wind Projects, Hydro Projects, and Battery Storage Solutions. Sturdee Energy operates in a competitive market with competitors including groSolar, Wetility, Mulilo, Sun Exchange and Segen Solar, among others.
- Headquarter Johannesburg, South Africa
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sturdee Energy Southern Africa (Pty) Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$44 M (USD)
in 1 rounds
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Latest Funding Round
$44 M (USD), Series C
Dec 09, 2024
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Investors
Swedfund
& 1 more
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Employee Count
Employee Count
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Products & Services of Sturdee Energy
Sturdee Energy offers a comprehensive portfolio of products and services, including Solar PV Projects, Wind Projects, Hydro Projects, and Battery 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.
Develops and operates solar power projects for clients in Africa.
Manages wind energy projects across sub-Saharan Africa.
Operates run-of-river hydro initiatives for sustainable power.
Provides battery storage for energy projects and clients.
Funding Insights of Sturdee Energy
Sturdee Energy has successfully raised a total of $44M through 1 strategic funding round. The most recent funding activity was a Series C round of $44 million completed in December 2024. 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 Series C — $44.0M
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First Round
First Round
(09 Dec 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series C - Sturdee Energy | Valuation |
investors |
| 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 Sturdee Energy
Sturdee Energy has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Swedfund and IFU. 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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Early-stage SMEs are invested in by government-operated Swedfund.
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Founded Year | Domain | Location | |
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Private equity investment firm
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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 Sturdee Energy
| 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 - Sturdee Energy
| 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 |
Sturdee Energy Comparisons
Competitors of Sturdee Energy
Sturdee 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 groSolar, Wetility, Mulilo, Sun Exchange and Segen Solar, 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 Distribution and Installation
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| domain | founded_year | HQ Location |
Solar energy projects are developed in South Africa.
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| domain | founded_year | HQ Location |
Solar energy projects are developed by Mulilo in South Africa.
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| domain | founded_year | HQ Location |
Solar power and storage solutions are developed for midsize organizations.
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| domain | founded_year | HQ Location |
Wholesaler providing solar panels, inverters, and supplies for renewable energy projects.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Sturdee Energy
Frequently Asked Questions about Sturdee Energy
When was Sturdee Energy founded?
Sturdee Energy was founded in 2016 and raised its 1st funding round 8 years after it was founded.
Where is Sturdee Energy located?
Sturdee Energy is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Is Sturdee Energy a funded company?
Sturdee Energy is a funded company, having raised a total of $44M across 1 funding round to date. The company's 1st funding round was a Series C of $44M, raised on Dec 09, 2024.
What does Sturdee Energy do?
Sturdee Energy developer of solar energy projects, focusing on working in the energy sector, developing solar energy systems, project development services, project developers, and utility. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Who are the top competitors of Sturdee Energy?
What products or services does Sturdee Energy offer?
Sturdee Energy offers Solar PV Projects, Wind Projects, Hydro Projects, and Battery Storage Solutions.
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