About True Energy
True Energy is a company based in Hørsholm (Denmark) founded in 2018 was acquired by Landis+Gyr in April 2021.. True Energy offers products and services including True Energy App, Advanced Smart Charge, and Managed API. True Energy operates in a competitive market with competitors including Particle, Signify, Danfoss, Landis+Gyr and MRI Software, among others.
- Headquarter Hørsholm, Denmark
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Sectors
TechnologyBusiness Services Energy & Utilities Real Estate & Construction
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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 True Energy A/S
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Landis+Gyr
(Apr 21, 2021)
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Products & Services of True Energy
True Energy offers a comprehensive portfolio of products and services, including True Energy App, Advanced Smart Charge, and Managed API. 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.
App for smart EV charging and cost reduction.
System for optimized EV charging and grid support.
API for integrating smart charging into business apps.
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Funding Insights of True Energy
| 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 True Energy
True Energy has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Landis+Gyr. 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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End-to-end energy management solutions are provided for utilities worldwide.
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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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Venture capital is directed toward companies in multiple sectors.
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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 True 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 - True Energy
| 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 |
True Energy Comparisons
Competitors of True Energy
True 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 Particle, Signify, Danfoss, Landis+Gyr and MRI Software, 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 |
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IoT connectivity platform from prototype to production is developed.
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Signify is recognized as a global leader in lighting solutions.
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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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Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
Connected devices are managed via an app and hub system.
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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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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on True Energy
Frequently Asked Questions about True Energy
When was True Energy founded?
True Energy was founded in 2018.
Where is True Energy located?
True Energy is headquartered in Hørsholm, Denmark.
What does True Energy do?
True Energy was founded in 2018 in Horsholm, Denmark, within the energy sector. Solutions for energy management are offered by the company, focusing on automation of electricity usage. The app schedules operations for times when power is most affordable and environmentally sustainable. Availability of the mobile application is ensured for iOS and Android platforms, supporting user integration in daily routines.
Who are the top competitors of True Energy?
True Energy's top competitors include Particle, Landis+Gyr and Danfoss.
What products or services does True Energy offer?
True Energy offers True Energy App, Advanced Smart Charge, and Managed API.
Who are True Energy's investors?
True Energy has 1 investor. Key investors include Landis+Gyr.
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