About Verlume
Verlume is a company based in Aberdeen (United Kingdom) founded in 2013. Verlume has raised $12.33 million across 2 funding rounds from investors including Scottish Enterprise, The Scottish National Investment Bank and Par Equity. Verlume offers products and services including Axonn, Charge, Halo, and Studies. Verlume operates in a competitive market with competitors including Form Energy, Northvolt, Ambri, Verkor and VFlow Tech, among others.
- Headquarter Aberdeen, United Kingdom
- SectorsEnergy & UtilitiesEnvironment
- Email••••••••
- Phone•••• ••••
- Website verlume.world
- Social LinkedIn X YouTube
- Legal Name Verlume Ltd
- Date of Incorporation 27 Feb, 2013
- Jurisdiction ABERDEEN, UNITED KINGDOM
- Total Equity Funding$12.33M (USD)
in 2 rounds
- Latest Funding Round$8.96M (USD), Series A
Apr 2023
- InvestorsScottish Enterprise
& 3 more
Products & Services of Verlume
Verlume offers a comprehensive portfolio of products and services, including Axonn, Charge, Halo, and Studies.
Intelligent system for managing power in subsea and offshore applications.
System for delivering power in subsea energy environments.
Technology to stabilize output in offshore wind power systems.
Analytical services for energy infrastructure projects.
Apps and channels of Verlume
its YouTube channel Verlume has 55 subscribers and 11 videos.
Videos from Verlume
The most watched videos on Verlume's YouTube channel, Verlume (55 subscribers). Click a video to play it here.
More on Verlume.
Funding Insights of Verlume
Verlume has successfully raised a total of $12.33M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8.96 million completed in April 2023. 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 $12.33M
- Total Rounds 2
- Last Round Series A — $8.96M
- First Round $3.37M
(Feb 2022)
- Investors Count 4
All 2 funding rounds of Verlume 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 |
|---|---|---|---|---|---|
| Apr 2023 | $8.96M | Series A | – | The Scottish National Investment Bank | |
| Feb 2022 | $3.37M | Series A | – | Par Equity |
4 investors in total: 4 institutional.
Investors in Verlume
Verlume has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Scottish Enterprise, The Scottish National Investment Bank and Par Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and natural capital investments are managed by Par Equity. | 2008 | parequity.com | Edinburgh, United Kingdom | |
Private equity investments are managed by Orchard Ventures single-family office. | – | orchardventures.com | Orem, United States | |
Development investments are channeled into Scottish enterprises and projects. | 2020 | thebank.scot | Edinburgh, United Kingdom | |
Business development and leadership training programs are offered to companies. | 1991 | scottish-enterprise.com | Glasgow, United Kingdom |
Investor details for Verlume
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Verlume
5 people are tracked at Verlume (2 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Richard Knox | Managing Director | Leadership |
Robert Heron | Head Of Engineering And Product | Leadership |
Rory Macpherson | Lead Electrical Engineer | Team |
Lesley Alsop | Project Manager | Team |
Jamie Booth AMIMechE | Mechanical Engineer | Team |
Complete people profiles for Verlume
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Timeline of Verlume
3 dated milestones of Verlume across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Verlume is founded.
- Funding First funding round of $3.4M.
- Funding Latest funding round, Series A, of $9.0M.
Competitors of Verlume
Verlume 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 Form Energy, Northvolt, Ambri, Verkor and VFlow Tech, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| formenergy.com | 2009 | Somerville, United States | $1.13B | 372 | Iron-air energy storage systems are developed for renewable energy projects. | |
| northvolt.com | 2016 | Stockholm, Sweden | $6.84B | – | Lithium-ion batteries for electric vehicles are manufactured and optimized. | |
| ambri.com | 2010 | Marlborough, United States | $222.43M | 141 | Liquid metal batteries are provided for long-duration energy storage. | |
| verkor.com | 2020 | Grenoble, France | $1.34B | 143 | Lithium-ion batteries are manufactured for electric vehicles and storage. | |
| vflowtech.com | 2018 | Singapore | $33.5M | – | Manufacturer of low-cost, efficient vanadium redox flow batteries | |
| pigreeninnovations.com | 2019 | Pune, India | $5M | 114 | Developer of air purification and net-zero emission technologies. This company designs and manufactures products for cleaner air, focusing on solutions for automobiles, gensets, and industrial applications. Their offerings include ambient air purifiers and systems aimed at reducing carbon emissions. The company's technology is geared towards improving air quality and promoting environmental sustainability. They provide repair services for their equipment. | |
| cheesecakeenergy.com | 2016 | Nottingham, United Kingdom | $5.64M | 22 | Solutions for compressed air energy storage systems are provided. | |
| hydrostor.ca | 2010 | Toronto, Canada | $614.85M | 49 | Compressed air is stored underwater for electricity generation. | |
| raygen.com | 2005 | Hawthorn East, Australia | $112.42M | – | Advanced solar CPV systems using mirrors are provided by Raygen. | |
| korepower.com | 2018 | Idaho Falls, United States | $75.1M | 132,692 | Lithium-based energy storage systems are manufactured for utilities. |
Detailed competitors of Verlume
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Latest news on Verlume
Complete news archive for Verlume
Full article history, source details, and older brand coverage require an active premium plan.
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- Brand-specific news history
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Similar companies to Verlume
10 companies that operate in the same segment as Verlume (Energy Storage Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
EV charging station network is operated for vehicle users. | 2017 | Munchen, Bayern, Germany | USD 791 M | – | – | |
Platform offering smart electric vehicle charging solutions | 2018 | London, England, United Kingdom | USD 63.18 M | – | – | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 1.88 B | – | – | |
Provider of electric vehicle charging solutions | 2009 | London, England, United Kingdom | USD 58.39 M | – | – | |
Monta is recognized as a provider of EV charging software solutions. | 2020 | Copenhagen, Denmark | USD 134.51 M | – | – | |
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Portable electric vehicle charging solutions are developed and provided. | 2014 | Boston, Massachusetts, United States | USD 104.86 M | – | 50 | |
Provider of solar integrated power storage system | 2010 | Wildpoldsried, Bavaria, Germany | USD 168.42 M | USD 132.91 M | – | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | – | USD 34.18 M | 177 |
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Frequently Asked Questions about Verlume
Verlume was founded in 2013 and raised its 1st funding round 9 years after it was founded.
Verlume is headquartered in Aberdeen, United Kingdom. It is registered at Aberdeen, Scotland, United Kingdom.
Verlume is a funded company, having raised a total of $12.33M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.37M, raised on Feb 2022.
Verlume was founded in 2013 and is based in Aberdeen, United Kingdom. Solutions for energy management in commercial and industrial settings are offered by the company. Goods and services supporting renewable energy integration and energy industry decarbonization are supplied. A modular battery energy storage system featuring integrated management capabilities is included among the provided technologies.
Verlume's top competitors include Form Energy, Northvolt and Ambri.
Verlume offers Axonn, Charge, Halo, and Studies.
Verlume has 4 investors. Key investors include Scottish Enterprise, The Scottish National Investment Bank, Par Equity, and Orchard Ventures.
Verlume operates through Verlume Ltd.