About UpEnergy
UpEnergy was established in 2011 and is headquartered in Kampala, Uganda. Operations focus on the clean energy sector, where partnerships with technology manufacturers and local entities are formed to distribute affordable products, including efficient cookstoves, water purification systems, and solar lighting, to underserved rural communities across the region.
- Headquarter Kampala, Uganda
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$1.16 M (USD), Grant
Nov 18, 2025
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Investors
GlobalHearthWorks Foundation
& 3 more
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Employee Count
Employee Count
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Funding Insights of UpEnergy
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $1.2M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Grant - UpEnergy | Valuation |
investors |
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| Aug, 2015 | Amount | Debt – Conventional - UpEnergy | Valuation |
investors |
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| Jan, 2014 | Amount | Series A - UpEnergy | 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 UpEnergy
UpEnergy has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include GlobalHearthWorks Foundation, Finnfund and Climate Wedge. 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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Investments in sustainable development projects in developing countries.
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Founded Year | Domain | Location | |
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A community foundation dedicated to investing in environmental causes.
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Founded Year | Domain | Location | |
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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 UpEnergy
| 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 - UpEnergy
| 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 |
Upenergy Comparisons
Competitors of UpEnergy
| 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 Upenergy
Frequently Asked Questions about UpEnergy
When was UpEnergy founded?
UpEnergy was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is UpEnergy located?
UpEnergy is headquartered in Kampala, Uganda.
What does UpEnergy do?
UpEnergy was established in 2011 and is headquartered in Kampala, Uganda. Operations focus on the clean energy sector, where partnerships with technology manufacturers and local entities are formed to distribute affordable products, including efficient cookstoves, water purification systems, and solar lighting, to underserved rural communities across the region.
Who are UpEnergy's investors?
UpEnergy has 4 investors. Key investors include GlobalHearthWorks Foundation, Finnfund, Climate Wedge, and Clean Cooking Org.
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