Swell Energy

company

About

Swell Energy is a home energy company that provides smart grid and energy management solutions for homeowners and businesses.

Details

Last Funding Type
Series B
Last Funding Money Raised
$120M
Industries
Energy,Energy Management,Renewable Energy,Semiconductor,Smart Home
Founded date
Jan 1, 2014
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
Swell Energy Inc

Swell Energy is a home energy company that provides smart grid and energy management solutions for homeowners and businesses. The distributed energy and grid solutions provider is accelerating the mass adoption of residential and commercial clean energy technologies by making it easy for consumers to take control of their home energy use, achieve energy security and generate GridRevenue.

The company provides homeowners and businesses with financing and educational resources,
partnering with trusted local solar + storage companies and top technology providers for seamless, high-quality installations of the best available products. By creating a critical mass of dynamic and responsive clean energy resources within utility service areas across the United States, Swell Energy is also delivering virtual power plant networks and grid-balancing services to utilities, which are fundamental to our future distributed
energy system.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$582M
Swell Energy has raised a total of $582M in funding over 2 rounds. Their latest funding was raised on Nov 22, 2022 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 22, 2022 Series B $120M 4 Greenbacker Group
SoftBank Vision Fund
Detail
Mar 7, 2021 Debt Financing 1 Detail
Dec 11, 2020 Series Unknown $450M Detail
Nov 27, 2019 Series A $12M 2 Detail
Nov 1, 2017 Convertable Note 2 Detail

Investors

Number of Lead Investors
Number of Investors
2
8
Swell Energy is funded by 8 investors. Greenbacker Group and SoftBank Vision Fund are the most recent investors.
Investor Name Lead Investor Funding Round
Greenbacker Group Yes Series B
SoftBank Vision Fund Yes Series B
Ares Management Series B
Ontario Power Generation Series B
For Good Ventures Debt Financing
Aligned Climate Capital Series A
Third Sphere Convertable Note
Zak Tanjeloff Convertable Note

Employee Profiles

Number of Employee Profiles
7
Swell Energy has 7 current employee profiles, including Executive Suleman Khan
Executive
Board member
Executive
Employee
Executive