About Verdant Power
Verdant Power is a company based in New York (United States) founded in 2000.. Verdant Power has raised $8.73 million across 9 funding rounds from investors including DOE and OSTI.GOV. The company has 10 employees as of December 31, 2021. Verdant Power offers products and services including Tidal Turbine System and HydroWing Technology. Verdant Power operates in a competitive market with competitors including Minesto, Tocardo, Nova Innovation, Marine Current Turbines and EEL Energy, among others.
- Headquarter New York, United States
- Employees 10 as on 31 Dec, 2021
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Verdant Power, Inc.
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Annual Revenue
$1.56 M132as on Dec 31, 2019
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Net Profit
$-952.42 K28as on Dec 31, 2019
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EBITDA
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Total Equity Funding
$8.73 M (USD)
in 9 rounds
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Latest Funding Round
$3 M (USD), Grant
Sep 14, 2018
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Investors
DOE
& 1 more
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Employee Count
10
as on Dec 31, 2021
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Products & Services of Verdant Power
Verdant Power offers a comprehensive portfolio of products and services, including Tidal Turbine System and HydroWing Technology. 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.
Technology for harnessing tidal flows to generate electricity
Patented system for deploying tidal energy projects
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Funding Insights of Verdant Power
Verdant Power has successfully raised a total of $8.73M across 9 strategic funding rounds. The most recent funding activity was a Grant round of $3 million completed in September 2018. 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 9
- Last Round Grant — $3.0M
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First Round
First Round
(29 Sep 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Grant - Verdant Power | Valuation |
investors |
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| Sep, 2018 | Amount | Series A - Verdant Power | Valuation | DOE |
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| Jun, 2017 | Amount | Series A - Verdant Power | 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 Verdant Power
Verdant Power has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include DOE and OSTI.GOV. 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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Energy sources and policies are managed by the DOE.
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Founded Year | Domain | Location | |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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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 Verdant Power
| 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 - Verdant Power
| 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 |
Verdant Power Comparisons
Competitors of Verdant Power
Verdant Power 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 Minesto, Tocardo, Nova Innovation, Marine Current Turbines and EEL Energy, 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 |
Tidal energy is harnessed through an underwater kite with turbine.
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| domain | founded_year | HQ Location |
Manufacturer of tidal turbines
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| domain | founded_year | HQ Location |
Submerged turbine systems are provided for tidal energy conversion projects.
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| domain | founded_year | HQ Location |
Tidal power generators are developed for marine electricity production.
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| domain | founded_year | HQ Location |
Tidal currents are harnessed by the EEL Tidal Energy Converter.
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| 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 Verdant Power
Frequently Asked Questions about Verdant Power
When was Verdant Power founded?
Verdant Power was founded in 2000 and raised its 1st funding round 8 years after it was founded.
Where is Verdant Power located?
Verdant Power is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Verdant Power?
John Banigan is the current CEO of Verdant Power.
Is Verdant Power a funded company?
Verdant Power is a funded company, having raised a total of $8.73M across 9 funding rounds to date. The company's 1st funding round was a Series A of $3.75M, raised on Sep 29, 2008.
How many employees does Verdant Power have?
As of Dec 31, 2021, the latest employee count at Verdant Power is 10.
What is the annual revenue of Verdant Power?
Annual revenue of Verdant Power is $1.56M as on Dec 31, 2019.
What does Verdant Power do?
Project developer and manufacturer of tidal turbines. Their technology is based on a kinetic hydropower system, which incorporates turbines with open three-bladed rotors installed fully underwater, invisible from shore. The turbine is designed to self-rotate into the prevailing current so that the blades are optimally aligned to generate energy. This rotation drives an induction generator located within the main body of the turbine to generate electricity, which is transferred to onshore equipment via an underwater cable.
Who are the top competitors of Verdant Power?
Verdant Power's top competitors include Minesto, Nova Innovation and Tocardo.
What products or services does Verdant Power offer?
Verdant Power offers Tidal Turbine System and HydroWing Technology.