The Full List of 64 Energy Unicorn Startups (2026)
The global energy sector is home to 64 unicorn startups, spanning from battery manufacturing to clean energy finance. These companies are developing everything from electric vehicle batteries to AI-powered data centers.
China's Envision Group leads the pack with a $21B valuation for its work in energy internet services. Sweden's Northvolt has attracted $13.8B in funding to manufacture batteries for electric vehicles.
Below is the full list of 64 Energy unicorn startups at this time.
Top 10 Most Valuable Energy Unicorns
Envision Group creates green technology solutions designed to accelerate the global transition to net zero. They build and operate smart wind turbines and energy storage systems, alongside producing AIoT-powered batteries and a leading operating system for managing renewable energy assets.
| Valuation | $21B |
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2007 |
| Founders | Allan To, Lei Zhang |
| Funding Amount | $2B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | GIC, HSG, Primavera Capital Group |
GAC Aion New Energy Automobile builds a line of electric vehicles and related new energy services. They are focused on developing a complete ecosystem for EV owners, from manufacturing to energy solutions.
| Valuation | $14B |
| Headquarters | Guangzhou, Guangdong, China |
| Year Founded | 2017 |
| Founders | — |
| Funding Amount | CN¥18.3B |
| Company Size | No Data |
| Last Funding Status | Series A |
| Top Investors | GoldStone Investment, Yingke Capital, Shenzhen Capital Group, China Southern Power Grid, Guangzhou Automobile Group |
GoodLeap built a financial technology platform that makes sustainable home upgrades more accessible for homeowners. They partner with contractors to offer flexible, point-of-sale financing for projects like solar installations and energy-efficient improvements.
| Valuation | $12B (Joined October 2021) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2003 |
| Founders | Hayes Barnard, Jason Walker, Matt Dawson |
| Funding Amount | $1.2B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Mubadala Capital Ventures, WestCap, Stephens Group, New Enterprise Associates, BDT & MSD Partners |
Northvolt develops and manufactures sustainable lithium-ion batteries for electric vehicles, industrial systems, and energy storage. They are focused on establishing a new standard for battery production with a strong emphasis on clean energy and recycling.
| Valuation | $12B |
| Headquarters | Stockholm, Stockholms Lan, Sweden |
| Year Founded | 2016 |
| Founders | Harald Mix, Nikolai V Gourine, Paolo Cerruti, Peter Carlsson |
| Funding Amount | $13.8B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | BlackRock, European Investment Bank, Bpifrance, BNP Paribas, Goldman Sachs |
Crusoe Energy Systems builds and operates specialized data centers for AI and high-performance computing. They power their infrastructure by capturing otherwise wasted energy, like flared gas, to offer low-cost and climate-friendly computation.
| Valuation | $10B |
| Headquarters | Denver, Colorado, United States |
| Year Founded | 2018 |
| Founders | Chase Lochmiller, Cully Cavness |
| Funding Amount | $3.9B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Valor Equity Partners, Mubadala Capital, NVIDIA, Lowercarbon Capital, Franklin Templeton |
AESC develops and manufactures high-performance lithium-ion batteries for electric vehicles and energy storage systems. They are known for producing safe and efficient battery technology that helps accelerate the global transition to clean energy.
| Valuation | $10B |
| Headquarters | Sagamihara, Kanagawa, Japan |
| Year Founded | 2007 |
| Founders | — |
| Funding Amount | $1.4B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Corporate Round |
| Top Investors | Sumitomo Mitsui Banking Corporation, National Wealth Fund, European Commission, Nissan Motor |
Octopus Energy Group develops technology to power the global transition to affordable, green energy. They supply renewable energy directly to millions of customers and license their proprietary technology platform, Kraken, to other energy companies around the world.
| Valuation | $9B |
| Headquarters | London, England, United Kingdom |
| Year Founded | 2015 |
| Founders | Greg Jackson, James Eddison, Stuart Jackson |
| Funding Amount | $2.9B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Generation Investment Management, Galvanize Climate Solutions, Lightrock, Origin Energy, CPP Investments |
CALB develops and manufactures lithium-ion batteries and the core materials for new energy technologies. Their products provide power solutions for a wide range of applications, including electric vehicles and large-scale energy storage systems.
| Valuation | $8B |
| Headquarters | Changzhou, Zhejiang, China |
| Year Founded | 2007 |
| Founders | — |
| Funding Amount | CN¥12B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Venture Round |
| Top Investors | Yangtze River Xiaomi Industry Fund, Jinyuan Group, HSG, China Insurance Investment Fund, GAC Capital |
SVOLT develops and manufactures automotive power batteries and large-scale energy storage systems. The energy tech company provides critical components for the electric vehicle industry and grid-level power solutions.
| Valuation | $6.51B (Joined June 2020) |
| Headquarters | Changzhou, Zhejiang, China |
| Year Founded | 2018 |
| Founders | — |
| Funding Amount | CN¥20.8B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | IDG Capital, Cathay Capital, Shenzhen Capital Group, China Mobile, CDH Investments |
Redwood Materials creates a circular supply chain by recycling end-of-life batteries from electric vehicles and consumer electronics. They refine these materials into critical anode and cathode components, helping to build a sustainable and domestic source for US battery manufacturing.
| Valuation | $6B (Joined July 2021) |
| Headquarters | Carson City, Nevada, United States |
| Year Founded | 2017 |
| Founders | JB Straubel |
| Funding Amount | $4.2B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Valor Equity Partners, Eclipse Ventures, Amazon, Franklin Templeton, Fidelity |
The Remaining 54 Energy Unicorns
The top 10 companies are just part of the story. Founders in the United States and China are leading the charge, with a few others joining from Europe and Asia.
These companies are tackling some of the world's biggest problems, from energy storage to new power sources. Here’s a look at the other startups shaping the future of energy.
| Unicorn Startup | Country | Year Founded | Amount Raised | Valuation |
|---|---|---|---|---|
 Helion Energy | United States | 2013 | $1B | $5.43B |
 Base Power | United States | 2023 | $1.3B | $4B |
 Hithium Energy Storage | China | 2019 | CN¥6.5B | $4B |
 Aurora Solar | United States | 2013 | $523.5M | $4B |
 ENOVATE Motors | China | 2015 | CN¥7.8B | $4B |
 Group14 Technologies | United States | 2015 | $1.2B | $3B |
 Sungrow New Energy | China | 2014 | CN¥847M | $3B |
 Gokin Solar | China | 2019 | CN¥4.1B | $2.88B |
 Electrify America | United States | 2016 | $450.7M | $2B |
 Uplight | United States | 2019 | $39M | $2B |
 Rad Power Bikes | United States | 2007 | $329.3M | $2B |
 Arcadia | United States | 2014 | $575.5M | $2B |
 Ascend Elements | United States | 2015 | $1.8B | $2B |
 Enpal | Germany | 2017 | €4.2B | $2B |
 Beijing Weilan New Energy Technology | China | 2016 | CN¥2.1B | $2B |
 YinLong Group | China | 2008 | $432M | $2B |
 SFCC | China | 2016 | CN¥5.6B | $2B |
 Astronergy | China | 2006 | CN¥3.9B | $1.82B |
 Fervo Energy | United States | 2017 | $991.6M | $1.4B |
 OVO Energy | United Kingdom | 2009 | £447M | $1.28B |
 Our Next Energy | United States | 2020 | $390M | $1.2B |
 Ample | United States | 2014 | $326.9M | $1.02B |
 Commonwealth Fusion Systems | United States | 2017 | $2.9B | $1B |
 EcoFlow Tech | United States | 2016 | $114.4M | $1B |
 Form Energy | United States | 2017 | $1.6B | $1B |
 Stegra | Sweden | 2020 | $10.9B | $1B |
 Svante | Canada | 2007 | $505.3M | $1B |
 Univers | Singapore | 2017 | $210M | $1B |
 Gradiant | United States | 2013 | $442.4M | $1B |
 Fuse Energy | United Kingdom | 2022 | $100.7M | $1B |
 24M Technologies | United States | 2010 | $184.8M | $1B |
 Radia | United States | 2016 | $100M | $1B |
 Palmetto | United States | 2009 | $2.2B | $1B |
 1Komma5° | Germany | 2021 | €652.5M | $1B |
 HIF Global | Chile | 2019 | $480M | $1B |
 Turntide Technologies | United States | 2013 | $491.5M | $1B |
 Ohmium | United States | 2019 | $297M | $1B |
 Pacific Fusion | United States | 2023 | $900M | $1B |
 TerraPower | United States | 2006 | $1.5B | $1B |
 Huasun Energy | China | 2020 | CN¥4.4B | $1B |
 Terawatt Infrastructure | United States | 2018 | $1.2B | $1B |
 Chint New Energy | China | 2009 | CN¥1.5B | $1B |
 Polarium | Sweden | 2015 | $322.7M | $1B |
 Electric Hydrogen | United States | 2020 | $798.3M | $1B |
 Teld New Energy | China | 2014 | CN¥2.8B | $1B |
 Amarenco | Ireland | 2013 | $1.2B | $1B |
 SolarSpace | China | 2011 | CN¥3B | $1B |
 Newlink | China | 2016 | $588.6M | $1B |
 TBM | Japan | 2011 | ¥22.6B | $1B |
 Clean Planet | Japan | 2012 | ¥2B | $1B |
 Ryefield Energy | China | 2019 | CN¥2B | $1B |
 LONGi Hydrogen Energy | China | 2000 | CN¥1B | $1B |
 T3 Mobile Travel Services | China | 2019 | CN¥17.5B | $1B |
 Qiyuan Core Power Technology | China | 2020 | CN¥2.5B | $1B |
