About World Energy Efficiency Services
World Energy Efficiency Services is a company based in Worcester (United States) founded in 2010 by Mike Santangelo and Rick Galipeau was acquired by XL Fleet Electrification in May 2021.. World Energy Efficiency Services offers products and services including Energy Efficiency Services, Solar Solutions, EV Charging Services, and Clean Air Solutions. World Energy Efficiency Services operates in a competitive market with competitors including Enel X, Longroad Energy, Recurrent Energy, Origis Energy and Aspen Power, among others.
- Headquarter Worcester, United States
- Founders Mike Santangelo, Rick Galipeau
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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
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Annual Revenue
$34.68 M9as on Dec 31, 2013
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Net Profit
$-2.32 M-144as on Dec 31, 2013
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EBITDA
$-1.88 M-11as on Dec 31, 2013
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
XL Fleet Electrification
(May 17, 2021)
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Products & Services of World Energy Efficiency Services
World Energy Efficiency Services offers a comprehensive portfolio of products and services, including Energy Efficiency Services, Solar Solutions, EV Charging Services, and Clean Air Solutions. 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.
Assesses and upgrades systems to reduce energy use and costs.
Installs solar systems for clean energy generation.
Provides EV charging stations with incentives.
Monitors and purifies indoor air quality.
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Leadership Team
2 people
Controller Team
1 people
Project Team
1 people
Solar Team
1 people
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Funding Insights of World Energy Efficiency Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 World Energy Efficiency Services
World Energy Efficiency Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include XL Fleet Electrification. 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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Cloud-enabled fleet electrification systems are provided for commercial vehicles.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by World Energy Efficiency Services
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - World Energy Efficiency Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
World Energy Efficiency Services Comparisons
Competitors of World Energy Efficiency Services
World Energy Efficiency Services 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 Enel X, Longroad Energy, Recurrent Energy, Origis Energy and Aspen Power, 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 |
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| domain | founded_year | HQ Location |
Utility-scale renewable energy projects are developed by Enel X.
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Utility-scale wind and solar power projects are developed.
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Utility-scale solar projects are developed and owned by Recurrent Energy.
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Utility-scale and commercial solar projects are developed worldwide.
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Provider of renewable energy asset development, construction, and operation services
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Hardware and home improvement products are supplied to retail markets.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about World Energy Efficiency Services
When was World Energy Efficiency Services founded?
World Energy Efficiency Services was founded in 2010.
Where is World Energy Efficiency Services located?
World Energy Efficiency Services is headquartered in Worcester, United States. It is registered at Worcester, Massachusetts, United States.
What is the annual revenue of World Energy Efficiency Services?
Annual revenue of World Energy Efficiency Services is $34.68M as on Dec 31, 2013.
What does World Energy Efficiency Services do?
World Energy Efficiency Services was founded in 2010 in Worcester, United States, by co-founders Mike Santangelo and Rick Galipeau. Operations focus on the renewable energy sector, where solar projects are developed to enhance efficiency. Services include project design and implementation aimed at reducing energy consumption. Activities are centered in the United States, supporting sustainable energy initiatives for various clients.
Who are the top competitors of World Energy Efficiency Services?
World Energy Efficiency Services's top competitors include Enel X, Longroad Energy and Recurrent Energy.
What products or services does World Energy Efficiency Services offer?
World Energy Efficiency Services offers Energy Efficiency Services, Solar Solutions, EV Charging Services, and Clean Air Solutions.
Who are World Energy Efficiency Services's investors?
World Energy Efficiency Services has 1 investor. Key investors include XL Fleet Electrification.