About Vycon
Vycon is a company based in Cerritos (United States) founded in 2002 by Smita B was acquired by Calnetix in November 2014.. Vycon has raised $30.78 million across 7 funding rounds from investors including Calnetix Technologies, BankInvest and BankInvest. Vycon offers products and services including VDC, REGEN, and Microgrid Products. Vycon operates in a competitive market with competitors including Ambri, Cheesecake Energy, Hydrostor, Raygen and Quidnet Energy, among others.
- Headquarter Cerritos, United States
- Founders Smita B
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vycon Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30.78 M (USD)
in 7 rounds
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Latest Funding Round
$600 K (USD), Debt – Conventional
Dec 16, 2013
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Investors
Calnetix Technologies
& 2 more
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Employee Count
Employee Count
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Acquired by
Calnetix
(Nov 19, 2014)
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Products & Services of Vycon
Vycon offers a comprehensive portfolio of products and services, including VDC, REGEN, and Microgrid Products. 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.
Offers flywheel energy storage for uninterrupted power in critical applications
Captures regenerative energy from trains to reduce waste and fuel costs
Manages power fluctuations in microgrids for stable energy supply
Funding Insights of Vycon
Vycon has successfully raised a total of $30.78M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $600 thousand completed in December 2013. 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 7
- Last Round Debt – Conventional — $600,000
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First Round
First Round
(30 Dec 2004)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Debt – Conventional - Vycon | Valuation |
investors |
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| Mar, 2013 | Amount | Series D - Vycon | Valuation |
investors |
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| Apr, 2012 | Amount | Series D - Vycon | 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 Vycon
Vycon has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Calnetix Technologies, BankInvest and BankInvest. 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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Provides investment funds, advisory services, and ESG-focused products for investors.
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Founded Year | Domain | Location | |
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Asset management services are provided by BankInvest since 1969.
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Founded Year | Domain | Location | |
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High-speed electric motors, generators, and power conversion solutions are provided.
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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 Vycon
| 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 - Vycon
| 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 |
Vycon Comparisons
Competitors of Vycon
Vycon 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 Ambri, Cheesecake Energy, Hydrostor, Raygen and Quidnet 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 |
Liquid metal batteries are provided for long-duration energy storage.
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| domain | founded_year | HQ Location |
Solutions for compressed air energy storage systems are provided.
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| domain | founded_year | HQ Location |
Compressed air is stored underwater for electricity generation.
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| domain | founded_year | HQ Location |
Advanced solar CPV systems using mirrors are provided by Raygen.
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| domain | founded_year | HQ Location |
Provider of pumped hydro based energy storage system
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| domain | founded_year | HQ Location |
High-density hydro long-duration energy storage technology is developed.
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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 Vycon
Frequently Asked Questions about Vycon
When was Vycon founded?
Vycon was founded in 2002 and raised its 1st funding round 2 years after it was founded.
Where is Vycon located?
Vycon is headquartered in Cerritos, United States. It is registered at Cerritos, California, United States.
Is Vycon a funded company?
Vycon is a funded company, having raised a total of $30.78M across 7 funding rounds to date. The company's 1st funding round was a Series D of $3.18M, raised on Dec 30, 2004.
What does Vycon do?
Vycon was founded in 2002 and is located in Cerritos, United States. Operations focus on the energy storage sector through flywheel technology. Solutions are discovered, designed, developed, and implemented to support critical system uptime. UPS backup systems are supplied for various applications, while power conditioning is delivered and fluctuations in microgrid power are absorbed.
Who are the top competitors of Vycon?
Vycon's top competitors include Ambri, Hydrostor and RheEnergise.
What products or services does Vycon offer?
Vycon offers VDC, REGEN, and Microgrid Products.
Who are Vycon's investors?
Vycon has 3 investors. Key investors include Calnetix Technologies, BankInvest, and BankInvest.
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