About Swell Energy
Swell Energy is a company based in Santa Monica (United States) founded in 2014. Swell Energy has raised $133.64 million across 3 funding rounds from investors including Ares Management, Greenbacker and SoftBank Vision Fund. The company has 111 employees as of December 31, 2021. Swell Energy has completed 1 acquisition, including Renu Energy Solutions. Swell Energy offers products and services including Swell Compass Energy Platform, Solar Power Systems, Energy Storage Solutions, and Virtual Power Plants. Swell Energy operates in a competitive market with competitors including ecobee, Danfoss, Landis+Gyr, MRI Software and Tibber, among others.
- Headquarter Santa Monica, United States
- Employees 111 as on 31 Dec, 2021
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Sectors
Business ServicesEnergy & Utilities Real Estate & Construction
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Phone
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Website
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Social
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- Legal Name Swell Energy Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$133.64 M (USD)
in 3 rounds
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Latest Funding Round
$120 M (USD), Series B
Nov 22, 2022
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Investors
Ares Management
& 4 more
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Employee Count
111
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Swell Energy
Swell Energy offers a comprehensive portfolio of products and services, including Swell Compass Energy Platform, Solar Power Systems, Energy Storage Solutions, and Virtual Power Plants.
Software to monitor, optimize, and monetize energy systems for users.
Systems for generating and storing solar energy for homes.
Batteries that provide backup power during outages.
Networks that enhance grid efficiency through connected devices.
People of Swell Energy
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Funding Insights of Swell Energy
Swell Energy has successfully raised a total of $133.64M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $120 million completed in November 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.
Investors in Swell Energy
Swell Energy has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Ares Management, Greenbacker and SoftBank Vision Fund.
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Venture capital investments in technology and startups.
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Alternative asset investment management firm
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Early stage climate-focused venture capital investments are provided.
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Investor details for Swell Energy
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Investments & Acquisitions by Swell Energy
Swell Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Renu Energy Solutions.
Investment portfolio details for Swell Energy
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Residential and commercial solar installations are developed and serviced.
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Complete acquisition details for Swell Energy
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Financial Statements - Swell Energy
Detailed financials for Swell Energy
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Swell Energy Comparisons
Peer comparison for Swell Energy
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Competitors of Swell Energy
Swell 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 ecobee, Danfoss, Landis+Gyr, MRI Software and Tibber, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of smart thermostats for commercial and residential applications
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Manufacturer of energy efficiency products
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End-to-end energy management solutions are provided for utilities worldwide.
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Property management software is provided for residential and commercial properties.
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Provider of solutions for energy monitoring for residential building
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AI and cloud-driven solutions for energy optimization are provided.
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Detailed competitors of Swell Energy
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Latest news on Swell Energy
Complete news archive for Swell Energy
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Frequently Asked Questions about Swell Energy
Swell Energy was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Swell Energy is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Suleman Khan is the current CEO of Swell Energy.
Swell Energy is a funded company, having raised a total of $133.64M across 3 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Swell Energy is 111.
Swell Energy offers Swell Compass Energy Platform, Solar Power Systems, Energy Storage Solutions, Virtual Power Plants while focusing on energy tech, energy efficiency tech, energy management system, building automation systems, and suite. Reseller and installer of energy storage devices. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs.
Swell Energy's top competitors include ecobee, Stem and Landis+Gyr.
Swell Energy offers Swell Compass Energy Platform, Solar Power Systems, Energy Storage Solutions, and Virtual Power Plants.
Swell Energy has made 1 acquisition, including Renu Energy Solutions.
Swell Energy has 5 investors. Key investors include Ares Management, Greenbacker, SoftBank Vision Fund, Ontario Power Generation Pension Fund, and Climate Capital.