About Tonik Energy
Tonik Energy is a Transportation, Automotive & Logistics company based in London (United Kingdom) founded in 2016. Electric vehicle charging stations are operated for residential applications. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Tonik Energy has raised $22.43 million across 5 funding rounds from investors including Mitsui & Co. The company has 127 employees. Tonik Energy was last valued at $39.6 million in February 2019. Tonik Energy offers products and services including Sweet Bonanza, Gates of Olympus, and Starlight Princess. Its focus areas include Energy Tech, Electric Vehicles, Charging Solutions and Station Network. Its legal entity is TONIK ENERGY LIMITED. Its competitors include InstaVolt, Connected Kerb and Be.EV; 3 of its 3 listed competitors have raised funding.
Company details
Tonik Energy was founded in 2016 and is based in London, United Kingdom. Operations focus on the electric vehicle charging sector, with residential chargers such as the eoMINI model featuring universal sockets and an operating temperature range of -10C to 45C. Government OLEV grants are provided for these chargers and associated solar panels, supporting home-based EV infrastructure.
- Headquarters London, United Kingdom
- Employees 127
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website tonikenergy.com
- Social LinkedIn X Facebook
- Legal Name Tonik Energy Limited
- Date of Incorporation 07 Oct, 2015
- Jurisdiction BIRMINGHAM
- Annual Revenue$104.43 M (USD)198as on Mar 31, 2019
- Net Profit-$24.62 M (USD)-284as on Mar 31, 2019
- EBITDA-$24.62 M (USD)-284as on Mar 31, 2019
- Total Equity Funding$22.43M (USD)
in 5 rounds
- Latest Funding Round$16.74M (USD), Series B
Feb 2019
- Investors
- Employee Count127
Products & Services of Tonik Energy
Tonik Energy offers a comprehensive portfolio of products and services, including Sweet Bonanza, Gates of Olympus, and Starlight Princess.
Online slot game providing entertainment through themed spins.
Slot game featuring mythological themes for user engagement.
Interactive slot game with princess-themed features for fun.
Funding Insights of Tonik Energy
Tonik Energy has successfully raised a total of $22.43M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $16.74 million completed in February 2019. 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 $22.43M
- Total Rounds 5
- Last Round Series B — $16.74M
- First Round $1.6M
(Jan 2016)
- Investors Count 1
All 5 funding rounds of Tonik Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2019 | $16.74M | Series B | $39.6M | Mitsui | – |
| Apr 2018 | $2.7M | Series A | $26.4M | – | – |
| Mar 2017 | $802,000 | Seed | $••••• | – | – |
| Jan 2017 | $588,000 | Seed | $••••• | – | – |
| Jan 2016 | $1.6M | Seed | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2019 | $39.6M | •••••••• |
| Apr 2018 | $26.4M | •••••••• |
| Mar 2017 | $••••• | •••••••• |
| Jan 2017 | $••••• | •••••••• |
| Jan 2016 | $••••• | •••••••• |
Full valuation and stage history of Tonik Energy
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Last known valuation $39.6M (Feb 2019). 1 investors in total: 1 institutional.
Investors in Tonik Energy
Tonik Energy has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mitsui & Co.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Traditional conglomerate services are provided across multiple sectors by Mitsui. | 1947 | mitsui.com | Chiyoda City, Japan |
Investor details for Tonik Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Tonik Energy
4 dated milestones of Tonik Energy across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Tonik Energy is founded.
- Funding First funding round of $1.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $16.7M.
Competitors of Tonik Energy
Tonik Energy has 3 listed competitors in our database, 3 of them funded. They include InstaVolt, Connected Kerb and Be.EV.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| instavolt.co.uk | 2016 | Basingstoke, United Kingdom | $62.59M | 72 | Electric vehicle charging stations are operated in the United Kingdom. | |
| connectedkerb.com | 2017 | London, United Kingdom | $208.61M | 11 | EV charging infrastructure and traffic data ecosystems are provided roadside. | |
| be-ev.co.uk | 2019 | Manchester, United Kingdom | $127.09M | 2 | Provider of electric vehicle charging infrastructure solutions |
Detailed competitors of Tonik Energy
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Frequently Asked Questions about Tonik Energy
Tonik Energy was founded in 2016.
Tonik Energy is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Tonik Energy is a funded company, having raised a total of $22.43M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.6M, raised on Jan 2016.
Tonik Energy has 127 employees.
Annual revenue of Tonik Energy is $104.43M as on Mar 31, 2019.
Tonik Energy was founded in 2016 and is based in London, United Kingdom. Operations focus on the electric vehicle charging sector, with residential chargers such as the eoMINI model featuring universal sockets and an operating temperature range of -10C to 45C. Government OLEV grants are provided for these chargers and associated solar panels, supporting home-based EV infrastructure.
Tonik Energy's top competitors include InstaVolt, Connected Kerb and Be.EV.
Tonik Energy offers Sweet Bonanza, Gates of Olympus, and Starlight Princess.
Tonik Energy has 1 investor. Key investors include Mitsui & Co.
The valuation of Tonik Energy is $39.6M as of Feb 2019.
Tonik Energy operates through Tonik Energy Limited.