Industry
Electric Supplies & Power Generation companies
VCMC tracks 11,081 companies in Electric Supplies & Power Generation. 92 of them have raised a venture or growth round, $23.02B in total, with a median round of $20M; 53 raised since 2024. 89 of the 92 have a VCMC valuation; the median is $170M.
11,081
companies tracked
92
venture-backed
1% of those tracked
$23.02B
raised in total
by 90 companies
$20M
median round
of 145 rounds with an amount
$170M
median valuation
of 89 companies valued
Values cover private companies only; public companies are not included.
By their latest round, most are at Series C or later (32 of 92).
- Pre-seed 3
- Seed 19
- Series A 29
- Series B 9
- Series C and later 32
The companies
Electric Supplies & Power Generation companies
The 50 venture-backed companies below are this page's list; VoltaGrid has raised the most ($2.71B).
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | VoltaGrid Houston, United States | Growth Equity Oct 2026 $775M | $8.7B | $5.7B – $14.5B | $9.5B (+10%) | $856M | 0% | 630 | growing | B | |
| 2 | Commonwealth Fusion Systems Harvard, United States | Series C Jul 2026 $1.00B | $9.8B | $6.5B – $16.9B | $11.9B (+22%) | $1.3B | 0% | 1,114 | flat | B | |
| 3 | Valar Atomics Hawthorne, United States | Debt Aug 2026 $200M | $6.6B | $5.2B – $10.4B | $9.0B (+37%) | $990M | 0% | 165 | growing | B | |
| 4 | Terawatt San Francisco, United States | Growth Equity Sep 2022 $1.00B | $6.3B | $2.2B – $27.4B | $5.6B (-10%) | $1.7B | 38% | 117 | growing | D | |
| 5 | Elia Group Brussels, Belgium | Growth Equity Mar 2025 $920M | $10.6B | $4.3B – $16.2B | $10.6B (0%) | $1.0B | 0% | 2,757 | flat | C | |
| 6 | Accra, Ghana | Growth Equity Oct 2014 $900M | $3.5B | $246M – $12.8B | $3.5B (0%) | $990M | 8% | 85 | unknown | D | |
| 7 | Azura Power London, United Kingdom | Growth Equity Jan 2016 $876M | $7.1B | $676M – $12.4B | $7.1B (0%) | $964M | 12% | 31 | up | D | |
| 8 | Dortmund, Germany | Acquisition Jun 2026 $4.10B | $10.2B acquired 2026 | $5.2B – $15.5B | – | – | 0% | 2,185 | up | B | |
| 9 | Mainspring Energy Menlo Park, United States | Series F Apr 2025 $258M | $4.3B | $1.7B – $6.1B | $4.3B (0%) | $471M | 0% | 526 | flat | C | |
| 10 | Radiant Nuclear El Segundo, United States | Series D Dec 2025 $300M | $2.3B | $1.6B – $2.7B | $2.3B (+4%) | $257M | 0% | 580 | unknown | A | |
| 11 | Blue Energy United States | Series B Jul 2026 | $3.7B | $1.7B – $10.2B | $5.1B (+37%) | $563M | 0% | 81 | growing | C | |
| 12 | Turntide Alpharetta, United States | Grant Aug 2026 $23M | $331M | $44.8M – $978M | $304M (-8%) | $70.0M | 40% | 204 | flat | D | |
| 13 | London, United Kingdom | Growth Equity Jun 2025 $407M | $4.7B | $2.5B – $7.1B | $4.7B (0%) | $458M | 0% | 108 | up | B | |
| 14 | Thatcham, United Kingdom | Growth Equity Jan 2025 $81M | $879M | $430M – $1.4B | $789M (-10%) | $94.4M | 26% | 125 | up | C | |
| 15 | Paris, France | Growth Equity Sep 2022 $180M | $1.8B | $267M – $4.2B | $1.8B (-2%) | $276M | 0% | 141 | up | D | |
| 16 | Quebec, Canada | Series E Jun 2024 $136M | $771M | $405M – $2.0B | $417M (-46%) | $200M | 97% | 191 | shrinking | C | |
| 17 | Munich, Germany | Growth Equity May 2023 $165M | $614M | $172M – $2.5B | $491M (-20%) | $188M | 59% | 44 | flat | D | |
| 18 | London, United Kingdom | Growth Equity Jun 2024 $127M | $1.6B | $542M – $2.4B | $1.5B (-2%) | $154M | 0% | 110 | up | C | |
| 19 | Singapore, Singapore | Series A Nov 2025 $80M | $799M | $330M – $1.2B | $844M (+6%) | $136M | 0% | 158 | growing | C | |
| 20 | Hamburg, Germany | Series B Oct 2026 $50M | $314M | $219M – $661M | $466M (+49%) | $55.9M | 0% | 143 | growing | B | |
| 21 | Tokyo, Japan | Series D Dec 2024 $67M | $940M | $504M – $1.4B | $940M (0%) | $119M | 0% | 32 | growing | B | |
| 22 | Washington, United Kingdom | Growth Equity Aug 2026 $22M | $224M | $144M – $367M | $241M (+8%) | $23.6M | 0% | 61 | up | B | |
| 23 | Arcueil, France | Series B Sep 2024 $50M | $541M | $183M – $823M | $358M (-34%) | $64.8M | 0% | 90 | up | C | |
| 24 | Gurugram, India | Other Feb 2026 $18M | $232M | $21.0M – $395M | $218M (-6%) | $45.4M | 7% | 317 | up | D | |
| 25 | Toronto, Canada | Series B Apr 2024 $27M | $272M | $52.9M – $395M | $211M (-22%) | $30.7M | 3% | 116 | flat | D | |
| 26 | Berlin, Germany | Series B Jun 2025 $23M | $235M | $108M – $334M | $235M (0%) | $28.2M | 0% | 62 | up | B | |
| 27 | Sydney, Australia | Series C Jul 2018 $35M | $76.1M | $6.52M – $89.6M | $76.1M (0%) | $12.3M | 2% | 84 | flat | D | |
| 28 | Norway | Other Jul 2026 $18M | $74.9M | $23.8M – $164M | $68.0M (-9%) | $18.0M | 26% | 73 | growing | C | |
| 29 | Berlin, Germany | Series A Sep 2023 $27M | $95.9M | $22.7M – $328M | $73.9M (-23%) | $39.7M | 59% | 59 | flat | D | |
| 30 | Bengaluru, India | Series A Jan 2025 $5.0M | $36.7M | $10.4M – $62.4M | $32.6M (-11%) | $7.30M | 28% | 254 | flat | C | |
| 31 | Berlin, Germany | Acquisition Jan 2021 | $246M acquired 2021 | $76.1M – $374M | – | – | 0% | 72 | unknown | C | |
| 32 | Sunbury-on-Thames, United Kingdom | Acquisition Dec 2021 | $121M acquired 2021 | $30.7M – $184M | – | – | 0% | – | unknown | C | |
| 33 | London, United Kingdom | Series A Feb 2025 $17M | $172M | $75.9M – $244M | $172M (0%) | $26.2M | 0% | 43 | growing | B | |
| 34 | Gurugram, India | Series A Dec 2018 $6.0M | $9.66M | $1.80M – $36.8M | $9.31M (-4%) | $8.09M | 59% | 84 | down | D | |
| 35 | Berlin, Germany | Series A Jun 2023 $11M | $67.0M | $8.65M – $145M | $58.2M (-13%) | $15.9M | 22% | 49 | flat | D | |
| 36 | New Zealand | Series A Jan 2025 $9.9M | $99.5M | $33.5M – $151M | $99.5M (0%) | $16.0M | 0% | 34 | up | C | |
| 37 | Garching bei München, Germany | Series A Apr 2024 $9.8M | $122M | $25.9M – $186M | $99.1M (-19%) | $18.6M | 0% | 44 | up | C | |
| 38 | Aberdeen, United Kingdom | Seed Aug 2021 $3.0M | $6.24M | $1.13M – $20.7M | $6.51M (+4%) | $6.77M | 97% | 26 | shrinking | D | |
| 39 | Singapore, Singapore | Series A Sep 2024 $8.0M | $80.5M | $14.3M – $123M | $80.2M (0%) | $12.3M | 0% | 65 | flat | D | |
| 40 | Bengaluru, India | Series A Oct 2025 $6.0M | $52.2M | $18.7M – $79.4M | $52.2M (0%) | $8.40M | 0% | 99 | flat | C | |
| 41 | Brunn am Gebirge, Austria | Series A Sep 2023 $5.4M | $52.7M | $7.34M – $97.6M | $50.7M (-4%) | $8.34M | 18% | 36 | up | D | |
| 42 | Munich, Germany | Series A Jan 2022 $5.1M | $7.81M | $1.86M – $66.6M | $7.67M (-2%) | $7.42M | 97% | 35 | down | D | |
| 43 | Gurugram, India | Seed Feb 2022 $2.0M | $38.0M | $6.31M – $229M | $38.0M (0%) | – | 0% | 201 | flat | D | |
| 44 | Ljubljana, Slovenia | Series A Sep 2020 $4.9M | $13.0M | $1.78M – $69.3M | $12.9M (-1%) | $7.43M | 82% | 66 | down | D | |
| 45 | London, United Kingdom | Other Oct 2026 $1.0M | $31.8M | $4.90M – $47.8M | $29.0M (-9%) | $8.80M | 9% | 18 | up | D | |
| 46 | Pune, India | Series A May 2024 $4.0M | $39.9M | $8.66M – $60.7M | $39.5M (-1%) | $6.42M | 0% | 123 | up | C | |
| 47 | Munich, Germany | Pre-Seed Sep 2025 $3.5M | $49.5M | $16.4M – $75.4M | $49.5M (0%) | $9.72M | 0% | 14 | growing | C | |
| 48 | Tallinn, Estonia | Seed Sep 2023 $1.4M | $5.37M | $1.44M – $19.1M | $4.56M (-15%) | $3.08M | 85% | 29 | down | D | |
| 49 | Gurugram, India | Pre-Seed Dec 2025 $3.0M | $34.7M | $12.9M – $59.7M | $39.3M (+13%) | $8.13M | 0% | 38 | growing | C | |
| 50 | Hoddesdon, United Kingdom | Series A Mar 2021 $2.8M | $3.21M | $0.93M – $11.2M | $3.07M (-4%) | $3.87M | 97% | 9 | shrinking | D |
Showing 50 of 11,081. Load more lists every other company here, 50 at a time.
Valuations
How these companies are valued
89 of the 92 venture-backed companies here have a VCMC valuation; the median is $170M. A company acquired after its last round keeps its last value as a private company and is left out of the median. 8 companies have disclosed a valuation; for the rest VCMC's valuation is the only number. Each valuation comes with a range, from a low to a high scenario, and a prediction for a year from now. Values cover private companies only; public companies are not included. How VCMC values companies.
Investors
Who backs them
Firms that backed two or more of these companies. Breakthrough Energy backed 4, Chevron Technology Ventures 4.
- Breakthrough Energy 4 companies, led 1
- Chevron Technology Ventures 4 companies
- 3 companies, led 1
- Temasek 3 companies, led 1
- Valor 3 companies, led 1
- Fifth Wall 3 companies
- 3 companies
- 3 companies
- Lowercarbon Capital 3 companies
- 3 companies
- 3 companies
- Union Square Ventures 3 companies
Recent rounds
Latest funding
24 rounds from Oct 2025 to Sep 2026, $4.88B with a disclosed amount.
- Growth, led by Samsung C&T $100M 21 Sep 2026
- Growth, led by Barclays Climate Ventures and PXN Ventures $22M 5 Aug 2026
- Valar Atomics Series B, led by Sequoia Capital $1.00B 3 Aug 2026
- Commonwealth Fusion Systems Series C $1.00B 30 Jul 2026
- Blue Energy Series B, with Constellation Technology Ventures amount not disclosed 16 Jul 2026
- Growth, led by S2G Investments $46M 5 Jun 2026
- VoltaGrid Growth, with Blackstone and Halliburton Company $1.00B 11 May 2026
- Blue Energy Growth, led by VXI Capital $380M 21 Apr 2026
- Series A, with Conifer Infrastructure and Hanover $26M 13 Apr 2026
- Valar Atomics Growth $450M 2 Apr 2026
- Seed, led by Transition and Morpheus Ventures $8.3M 25 Mar 2026
- Series B, led by Arizona Nuclear Ventures $13M 19 Feb 2026
Browse
Related groups
Electric Supplies & Power Generation by country
Other industries
Questions
Frequently asked
How many electric Supplies & Power Generation companies does VCMC track?
11,081. 92 of them have raised a venture or growth round.
How much have electric Supplies & Power Generation companies raised?
$23.02B in total across the 90 with a known amount; the median round is $20M. 53 raised a round since 2024.
Which electric Supplies & Power Generation companies have raised the most?
VoltaGrid ($2.71B), Commonwealth Fusion Systems ($1.95B), Valar Atomics ($1.80B).
Which investors back electric Supplies & Power Generation companies most often?
Breakthrough Energy (4 companies), Chevron Technology Ventures (4 companies), Climate Capital (3 companies).
What are electric Supplies & Power Generation companies worth?
The median VCMC valuation is $170M across 89 companies; companies acquired after their last round are left out. Values cover private companies only; public companies are not included.
What was the latest funding round?
Kairos Power raised a Growth round of $100M (Sep 2026), led by Samsung C&T.