About Witt Energy
Witt Energy is a company based in Plymouth (United Kingdom) founded in 2012.. Witt Energy has raised $3.45 million across 6 funding rounds from investors including Gov.uk, Shell Springboard and Ocean Exchange. The company has 2 employees as of April 30, 2021. Witt Energy operates in a competitive market with competitors including Pavegen, Ocean Renewable Power Company, Bombora Wave Power, INGINE and Enerbee Technology, among others.
- Headquarter Plymouth, United Kingdom
- Employees 2 as on 30 Apr, 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 Witt Limited
- Date of Incorporation 21 Aug, 2007
- Jurisdiction BUDE, CORNWALL, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.45 M (USD)
in 6 rounds
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Latest Funding Round
$485.74 K (USD), Grant
Jun 28, 2021
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Investors
Gov.uk
& 2 more
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Employee Count
2
as on Apr 30, 2021
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Leadership Team
2 people
Chairman Team
1 people
Sales and Marketing
1 people
Co Team
1 people
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Funding Insights of Witt Energy
Witt Energy has successfully raised a total of $3.45M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $485.74 thousand completed in June 2021. 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 6
- Last Round Grant — $485,738
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First Round
First Round
(02 Oct 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Grant - Witt Energy | Valuation |
investors |
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| Mar, 2016 | Amount | Series A - Witt Energy | Valuation |
investors |
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| Feb, 2015 | Amount | Grant - Witt Energy | 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 Witt Energy
Witt Energy has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Gov.uk, Shell Springboard and Ocean Exchange. 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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Online government services and information are provided to users.
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Founded Year | Domain | Location | |
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Delivers comprehensive business financing solutions to support growth.
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Founded Year | Domain | Location | |
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Ocean Exchange is focused on accelerating sustainable ocean solutions.
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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 Witt Energy
| 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 - Witt Energy
| 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 |
Witt Energy Comparisons
Competitors of Witt Energy
Witt Energy 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 Pavegen, Ocean Renewable Power Company, Bombora Wave Power, INGINE and Enerbee Technology, 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.
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| domain | founded_year | HQ Location |
Energy harvesting floor tiles
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Helical horizontal axis turbines are developed for tidal power generation.
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Wave energy is captured via seafloor pressure using inflatable membranes.
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Technology solutions provider for energy harvesting from the wave
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| domain | founded_year | HQ Location |
Energy harvesting solutions are provided via motion-based micro generators.
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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 Witt Energy
Frequently Asked Questions about Witt Energy
When was Witt Energy founded?
Witt Energy was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Witt Energy located?
Witt Energy is headquartered in Plymouth, United Kingdom.
Is Witt Energy a funded company?
Witt Energy is a funded company, having raised a total of $3.45M across 6 funding rounds to date. The company's 1st funding round was a Grant of $61K, raised on Oct 02, 2013.
How many employees does Witt Energy have?
As of Apr 30, 2021, the latest employee count at Witt Energy is 2.
What does Witt Energy do?
Witt Energy was founded in 2012 in Plymouth, United Kingdom, focusing on kinetic energy harvesting technology. A sealed unit called WITT has been developed to convert motional energy into electricity. Motion in any combination of the six degrees of freedom is captured by a 3D pendulum, which drives a transmission system to produce unidirectional flywheel rotation for power generation. Operations center on this core innovation in the renewable energy sector.
Who are the top competitors of Witt Energy?
Witt Energy's top competitors include Pavegen, Ocean Renewable Power Company and Bombora Wave Power.
Who are Witt Energy's investors?
Witt Energy has 3 investors. Key investors include Gov.uk, Shell Springboard, and Ocean Exchange.