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
*********
- Legal Name Swell Energy 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
$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. 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.
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.
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $120.0M
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First Round
First Round
(12 Dec 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Swell Energy | Valuation | SoftBank Vision Fund , Greenbacker | |
| Jun, 2021 | Amount | Series A - Swell Energy | Valuation | Climate Capital |
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| Dec, 2019 | Amount | Series A - Swell Energy | Valuation |
investors |
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| 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 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. 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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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Alternative asset investment management firm
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Founded Year | Domain | Location | |
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Early stage climate-focused venture capital investments 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 Swell Energy
Swell Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Renu Energy Solutions. 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 |
|---|---|---|---|---|---|
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Residential and commercial solar installations are developed and serviced.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Swell 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 |
Swell Energy Comparisons
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. 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 |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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| domain | founded_year | HQ Location |
AI and cloud-driven solutions for energy optimization are provided.
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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 Swell Energy
Frequently Asked Questions about Swell Energy
When was Swell Energy founded?
Swell Energy was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is Swell Energy located?
Swell Energy is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Who is the current CEO of Swell Energy?
Suleman Khan is the current CEO of Swell Energy.
Is Swell Energy a funded company?
Swell Energy is a funded company, having raised a total of $133.64M across 3 funding rounds to date. The company's 1st funding round was a Series A of $13.64M, raised on Dec 12, 2019.
How many employees does Swell Energy have?
As of Dec 31, 2021, the latest employee count at Swell Energy is 111.
What does Swell Energy do?
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.
Who are the top competitors of Swell Energy?
Swell Energy's top competitors include ecobee, Stem and Landis+Gyr.
What products or services does Swell Energy offer?
Swell Energy offers Swell Compass Energy Platform, Solar Power Systems, Energy Storage Solutions, and Virtual Power Plants.
How many acquisitions has Swell Energy made?
Swell Energy has made 1 acquisition, including Renu Energy Solutions.
Who are Swell Energy's investors?
Swell Energy has 5 investors. Key investors include Ares Management, Greenbacker, SoftBank Vision Fund, Ontario Power Generation Pension Fund, and Climate Capital.
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