About Wenergie
Wenergie is a Business Services company based in Bengaluru (India) founded in 2018 by Akshay Harikumar. A battery management platform is provided by Wenergie. It operates in the Business Services and Energy & Utilities sectors. Wenergie has raised $132.44 thousand across 1 funding round from investors including Shell. Wenergie was last valued at $2.06 million in December 2023. Its chief executive, as recorded, is Akshay Harikumar. Its Indian entity Wenergie Ecoworks Private Limited reported revenue of ₹14.4 Lakh. Its focus areas include Energy Tech, Smart Grid, Distributed Energy Resources and Virtual Power Plant.
Company details
Wenergie was founded in 2018 by Akshay Harikumar in Bengaluru, India. Operations are centered on the energy sector, where a platform for battery management is developed and offered. Services include monitoring, optimization, and control of battery systems for applications in renewable energy and electric vehicles. The company is based in India, with its domain at wenergie.io, serving clients in the region and beyond.
- Headquarters Bengaluru, India
- Founders Akshay Harikumar
- Stage Minicorn
- SectorsBusiness ServicesEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website wenergie.io
- Social LinkedIn X Instagram
- Legal Name Wenergie Ecoworks Private Limited
- Date of Incorporation 10 Mar, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹14.4 Lakh
FY 2021 · -46% YoY
- Net Loss-₹5.4 Lakh
FY 2021 · -37% margin
- EBITDA-₹5.4 Lakh
FY 2021 · -37% margin
- Total Equity Funding$132.44K (USD)
in 1 rounds
- Latest Funding Round$132.44K (USD), Seed
Dec 2023
- Investors
Associated legal entities of Wenergie
Wenergie operates through Wenergie Ecoworks Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wenergie Ecoworks Private Limited CIN U74999KA2018PTC110974 | Active | 10 Mar 2018 | Bangalore, Karnataka | ₹0.1 Cr | 2 | View details |
Funding Insights of Wenergie
Wenergie has successfully raised a total of $132.44K through 1 strategic funding round. The most recent funding activity was a Seed round of $132.44 thousand completed in December 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 $132,440
- Total Rounds 1
- Last Round Seed — $132,440
- First Round $132,440
(Dec 2023)
- Investors Count 1
All 1 funding rounds of Wenergie 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 |
|---|---|---|---|---|---|
| Dec 2023 | $132,440 | Seed | $2.06M | Shell | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2023 | $2.06M | •••••••• |
Last known valuation $2.06M (Dec 2023). 1 investors in total: 1 institutional.
Investors in Wenergie
Wenergie has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Shell.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Crude products are supplied to global energy markets. | shell.in | London, United Kingdom |
Investor details for Wenergie
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Wenergie Ecoworks Private Limited (Wenergie)
Wenergie Ecoworks Private Limited is the primary company behind Wenergie. The board of Wenergie Ecoworks Private Limited currently have 2 directors; the longest-serving is Akshay Hari Kumar, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Akshay Hari Kumar DIN 07684591 | Director | 10 Mar 2018 | 8 yrs 7 mo | Wenergie Ecoworks Private Limited |
| Aditya Venkataraman DIN 08001778 | Director | 10 Mar 2018 | 8 yrs 7 mo | Wenergie Ecoworks Private Limited |
People of Wenergie
1 people are tracked at Wenergie (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Wenergie
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Wenergie
Figures of Wenergie Ecoworks Private Limited, the primary company behind Wenergie, for FY 2021. Revenue was ₹14.4 Lakh (-46% year on year). Net loss was -₹5.4 Lakh (-37% margin). EBITDA was -₹5.4 Lakh (-37% margin).
- ₹14.4 LakhRevenue · FY 2021 · -46% YoY
- -₹5.4 LakhNet loss · -37% margin
- -₹5.4 LakhEBITDA · -37% margin
- ₹1.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Wenergie Ecoworks Private Limited are on its company page.
Detailed financial statements for Wenergie
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Wenergie
3 dated milestones of Wenergie across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Wenergie is founded.
- Funding First funding round of $132K.
- Milestone Reaches Minicorn status.
Top companies in Facility Management Platforms
2 companies that operate in the same segment as Wenergie (Facility Management Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 |
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Frequently Asked Questions about Wenergie
Wenergie was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Wenergie is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Akshay Harikumar is the CEO of Wenergie, as recorded in our data. They have also founded this company.
Wenergie is a funded company, having raised a total of $132.44K across 1 funding round to date. The company's 1st funding round was a Seed of $132.44K, raised on Dec 2023.
The primary company behind Wenergie, Wenergie Ecoworks Private Limited, reported revenue of ₹14.4 Lakh for FY 2021, down 46% year on year.
Wenergie was founded in 2018 by Akshay Harikumar in Bengaluru, India. Operations are centered on the energy sector, where a platform for battery management is developed and offered. Services include monitoring, optimization, and control of battery systems for applications in renewable energy and electric vehicles. The company is based in India, with its domain at wenergie.io, serving clients in the region and beyond.
Wenergie has 1 investor. Key investors include Shell.
The valuation of Wenergie is $2.06M as of Dec 2023.
Wenergie operates through Wenergie Ecoworks Private Limited.
The legal entities of Wenergie currently have 2 directors, including Akshay Hari Kumar, Aditya Venkataraman.