Energy Unicorns

11 Energy Companies that went to Become Unicorns

Here’s a full list of unicorn companies in the energy industry that have made it to the US$1B valuation.

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Being an Energy startup is hard enough, but success is even harder.

There are +700 Unicorns around the world who have reached the $1 billion valuations by raising money from venture capitalists.

If you want to start an energy company, you should look for the following 11 Energy startups that achieved unicorn status.

11 Energy Companies that Became Unicorns

Caocao Chuxing

Caocao Chuxing

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:

    $1.60

    B (

    January 2018

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2015

  • Founders:

    Jinliang Liu

  • Industries:

    Energy, Mobile Apps, Recreational Vehicles, Ride Sharing, Transportation

  • Number of employees:

    500-1,000

  • Funding Amount:

    CN¥1,000,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    1

here

ENOVATE Motors

ENOVATE Motors

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:

    $1.85

    B (

    April 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    No Data

  • Industries:

    Automotive, Energy, Mobile

  • Number of employees:

    500-1,000

  • Funding Amount:

    CN¥2,000,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    No Data

here

Leapmotor

Leapmotor

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

Details of the startup:

  • Valuation:

    $1.01

    B (

    November 2018

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2015

  • Founders:

    Fu Liquan, Zhu Jiangming

  • Industries:

    Automotive, Electric Vehicle, Energy, Manufacturing

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,067,748,548

  • Number of funding rounds:

    4

  • Number of investors:

    12

here

Northvolt

Northvolt

Northvolt delivers clean energy by developing and recycling sustainable batteries for renewable power storage.

Details of the startup:

  • Valuation:

    $3.55

    B (

    June 2019

    )

  • Country:

    Sweden

  • City:

    Stockholm

  • Started in:

    2016

  • Founders:

    Paolo Cerruti, Peter Carlsson

  • Industries:

    Battery, Clean Energy, CleanTech, Electronics, Energy, Energy Storage, Manufacturing

  • Number of employees:

    500-1,000

  • Funding Amount:

    $3,290,092,593

  • Number of funding rounds:

    8

  • Number of investors:

    39

here

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:

    $1.28

    B (

    February 2019

    )

  • Country:

    United Kingdom

  • City:

    Bristol

  • Started in:

    2009

  • Founders:

    Stephen Fitzpatrick

  • Industries:

    Energy, Energy Efficiency, Renewable Energy

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    £247,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    2

here

ReNew Power

ReNew Power

ReNew Power is a wind energy firm that generates low-carbon power around the world.

Details of the startup:

  • Valuation:

    $2.28

    B (

    February 2017

    )

  • Country:

    India

  • City:

    Gurgaon

  • Started in:

    2011

  • Founders:

    Sumant Sinha

  • Industries:

    Clean Energy, Energy, Renewable Energy, Solar, Wind Energy

  • Number of employees:

    100-250

  • Funding Amount:

    $2,776,179,256

  • Number of funding rounds:

    12

  • Number of investors:

    9

here

Svolt Energy Technology Co.

Svolt Energy Technology Co.

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:

    $1.27

    B (

    February 2021

    )

  • Country:

    China

  • City:

    Baoding

  • Started in:

    2016

  • Founders:

    No Data

  • Industries:

    Battery, Electric Vehicle, Energy, Energy Storage, Manufacturing

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    CN¥4,500,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    8

here

Teld New Energy

Teld New Energy

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:

    $1.12

    B (

    December 2019

    )

  • Country:

    China

  • City:

    Qingdao Shi

  • Started in:

    2014

  • Founders:

    Yongguang Guo

  • Industries:

    Automotive, Electric Vehicle, Energy, Transportation

  • Number of employees:

    250-500

  • Funding Amount:

    CN¥2,753,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    8

here

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:

    $1.50

    B (

    March 2021

    )

  • Country:

    United States

  • City:

    Boulder

  • Started in:

    2019

  • Founders:

    No Data

  • Industries:

    Energy, Software

  • Number of employees:

    250-500

  • Funding Amount:

    No Data

  • Number of funding rounds:

    1

  • Number of investors:

    5

here

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:

    $1.97

    B (

    September 2019

    )

  • Country:

    United States

  • City:

    Austin

  • Started in:

    2014

  • Founders:

    Michael Witte, Sandeep Jain, Xuan Yong

  • Industries:

    Energy, Marketplace, Online Portals, Wind Energy

  • Number of employees:

    250-500

  • Funding Amount:

    $752,499,542

  • Number of funding rounds:

    9

  • Number of investors:

    21

here

YinLong Group

YinLong Group

YinLong Group is a technology industry leader in the manufacturing and supplying lithium batteries, materials, and tools for use in electric vehicles.

Details of the startup:

  • Valuation:

    $1.50

    B (

    December 2016

    )

  • Country:

    China

  • City:

    Zhuhai

  • Started in:

    2008

  • Founders:

    Yincang Wei

  • Industries:

    Automotive, Battery, Energy, Manufacturing, Public Transportation

  • Number of employees:

    1-10

  • Funding Amount:

    $432,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    2

here
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