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Top 17 Energy Unicorn Companies in 2023

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The Energy industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.

Many of these successes have turned into unicorns — private companies worth over $1 billion.

If you want to build the next unicorn in the Energy space, these 17 companies should be your inspiration.

17 Energy Unicorns Companies

Accelerators & Incubators List
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2,658 Accelerators & Incubators

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1,016 Unicorns

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1,016 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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1) SVOLT

SVOLT

SVOLT (Silicon Valley Organization of Lithium Technologies) is a Silicon Valley-based lithium battery technology company that offers electric vehicle (EV) materials, cells, modules, packs, systems and BMS to drive the EV revolution.

Details of the startup:

  • Valuation: $6.51B (June 2020)
  • Country: China
  • State: Jiangsu
  • City: Changzhou
  • Started in: 2018
  • Number of employees: 5,000-10,000
  • Funding: $300.00M
  • Funding rounds: 4
  • Number of investors: 25

You can find their website here.

2) Helion Energy

Helion Energy

Helion Energy is a fusion power company that is developing the world's first fusion generators to enable an unlimited supply of clean energy in the future.

Details of the startup:

  • Valuation: $3.50B (November 2021)
  • Country: United States
  • State: Washington
  • City: Everett
  • Started in: 2013
  • Founders: Chris Pihl, David Kirtley, George Votroubek, John Slough
  • Number of employees: 101-250
  • Funding: $577.76M
  • Funding rounds: 7
  • Number of investors: 6

You can find their website here.

3) Workrise

Workrise

Workrise is the leading marketplace for on-demand workers, work services, and everything else that delivers efficiency in the energy industry.

Details of the startup:

  • Valuation: $2.90B (September 2019)
  • Country: United States
  • State: Texas
  • City: Austin
  • Started in: 2014
  • Founders: Michael Witte, Sandeep Jain, Xuan Yong
  • Number of employees: 500-1,000
  • Funding: $752.50M
  • Funding rounds: 8
  • Number of investors: 21

You can find their website here.

4) Gokin Solar

Gokin Solar

Gokin Solar focuses on the research and development and production of high-efficiency large-size photovoltaic silicon wafers.

Details of the startup:

  • Valuation: $2.88B (April 2022)
  • Country: Japan
  • State: Kagoshima
  • City: China
  • Started in: 2019
  • Funding: $597.35M
  • Funding rounds: 3
  • Number of investors: 21

You can find their website here.

5) MoMo

MoMo

Momo is a free location-based services instant messaging application that enables smartphone users to chat with people nearby.

Details of the startup:

  • Valuation: $2.27B (December 2021)
  • Country: Vietnam
  • City: Ho Chi Minh City
  • Started in: 2013
  • Founders: Lei Xiaoliang, Sic Zhang, Tang Yan
  • Number of employees: 500-1,000
  • Funding: $433.70M
  • Funding rounds: 9
  • Number of investors: 11

You can find their website here.

6) ENOVATE

ENOVATE

ENOVATE is a high-end new energy vehicle manufacturer employing modern technology and innovative methods to change the way people travel.

Details of the startup:

  • Valuation: $1.85B (April 2019)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2015
  • Founders: Hailiang Zhang
  • Number of employees: 500-1,000
  • Funding: $5,986.82M
  • Funding rounds: 1

You can find their website here.

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7) Crusoe Energy Systems

Crusoe Energy Systems

Crusoe Energy Systems offers solutions to the energy industry to help them reduce natural gas flaring.

Details of the startup:

  • Valuation: $1.75B (April 2022)
  • Country: United States
  • State: Colorado
  • City: Denver
  • Started in: 2018
  • Founders: Chase Lochmiller, Cully Cavness
  • Number of employees: 101-250
  • Funding: $747.50M
  • Funding rounds: 7
  • Number of investors: 32

You can find their website here.

8) Cao Cao Mobility

Cao Cao Mobility

Caocao Chuxing is a Chinese company that operates the world’s largest mobility platform, offering taxi-hailing, car-sharing, bus-hailing, and bike-sharing services.

Details of the startup:

  • Valuation: $1.60B (January 2018)
  • Country: China
  • State: Zhejiang
  • City: Hangzhou
  • Started in: 2015
  • Founders: Jinliang Liu
  • Number of employees: 500-1,000
  • Funding: $260.35M
  • Funding rounds: 4
  • Number of investors: 9

You can find their website here.

9) Uplight

Uplight

Uplight is an award-winning technology company that provides end-to-end customer-centric solutions to multinational organizations.

Details of the startup:

  • Valuation: $1.50B (March 2021)
  • Country: United States
  • State: Colorado
  • City: Boulder
  • Started in: 2019
  • Number of employees: 250-500
  • Funding: $72.31M
  • Funding rounds: 1
  • Number of investors: 5

You can find their website here.

10) OVO Energy

OVO Energy

As an independent energy technology company, OVO Energy is focused on providing best-in-class customer service and competitive fixed and variable pricing.

Details of the startup:

  • Valuation: $1.28B (February 2019)
  • Country: United Kingdom
  • State: England
  • City: Bristol
  • Started in: 2009
  • Founders: Stephen Fitzpatrick
  • Number of employees: 1,000-5,000
  • Funding: $256.00M
  • Funding rounds: 3
  • Number of investors: 2

You can find their website here.

11) TELD

TELD

Teld New Energy is a dedicated team of industry-leading experts who are passionate about finding and implementing the technology that powers electric vehicles.

Details of the startup:

  • Valuation: $1.12B (December 2019)
  • Country: China
  • State: Shandong
  • City: Qingdao
  • Started in: 2014
  • Founders: Yongguang Guo
  • Number of employees: 250-500
  • Funding: $435.98M
  • Funding rounds: 4
  • Number of investors: 8

You can find their website here.

12) Enpal

Enpal

Enpal is a photovoltaics leasing firm that provides solar power systems for homeowners with no money upfront.

Details of the startup:

  • Valuation: $1.10B (October 2021)
  • Country: Germany
  • City: Berlin
  • Started in: 2017
  • Founders: Jochen Ziervogel, Mario Kohle, Viktor Wingert
  • Number of employees: 250-500
  • Funding: $750.37M
  • Funding rounds: 10
  • Number of investors: 24

You can find their website here.

13) Ample

Ample

Ample solves the energy delivery challenge for electric vehicles by utilising autonomous robotics and smart-battery technology.

Details of the startup:

  • Valuation: $1.02B (November 2021)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2014
  • Founders: John de Souza, Khaled Hassounah
  • Number of employees: 1-10
  • Funding: $275.73M
  • Funding rounds: 4
  • Number of investors: 15

You can find their website here.

14) Leap Motor

Leap Motor

Leapmotor is poised to become a leading brand in China’s burgeoning electric vehicle market.

Details of the startup:

  • Valuation: $1.01B (November 2018)
  • Country: China
  • State: Zhejiang
  • City: Hangzhou
  • Started in: 2015
  • Founders: Fu Liquan, Zhu Jiangming
  • Number of employees: 500-1,000
  • Funding: $1,761.19M
  • Funding rounds: 4
  • Number of investors: 12

You can find their website here.

15) Turntide Technologies

Turntide Technologies

Turntide Technologies creates an electric motor system that reduces energy consumption.

Details of the startup:

  • Valuation: $1.00B (June 2022)
  • Country: United States
  • State: California
  • City: Sunnyvale
  • Started in: 2013
  • Founders: Mark Johnston, Piyush Desai, Ryan Morris, Trevor Creary
  • Number of employees: 101-250
  • Funding: $491.53M
  • Funding rounds: 10
  • Number of investors: 18

You can find their website here.

16) EcoFlow

EcoFlow

EcoFlow designs, develops, and manufactures environmentally friendly and cost-effective portable power stations for home and business use.

Details of the startup:

  • Valuation: $1.00B (June 2021)
  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 2017
  • Founders: Eli Harris, Fan Zheng, Hannah Sieber, Lei Wang
  • Number of employees: 250-500
  • Funding: $470.52M
  • Funding rounds: 4
  • Number of investors: 13

You can find their website here.

17) Polarium

Polarium

Polarium provides turnkey energy storage solutions, allowing our customers to become smarter and more sustainable by optimising their energy use.

Details of the startup:

  • Valuation: $1.00B (May 2022)
  • Country: Sweden
  • State: Stockholms Lan
  • City: Kista
  • Started in: 2015
  • Founders: Stefan Jansson
  • Number of employees: 251-500

You can find their website here.

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