2021
Bengaluru (India)
Seed
The Energy Company (TEC) is a deep-tech startup delivering advanced, vehicle-agnostic battery systems for both mobility and grid applications. By combining fast-charging technology with AI-driven battery management and strong safety features, TEC provides scalable, reliable energy storage solutions for commercial and residential customers seeking affordable, sustainable power.
FlexiPack & FlexiMax Batteries: Fast-charge enabled, vehicle-agnostic battery packs designed for commercial three-wheelers and adaptable to various storage applications. These batteries feature advanced cooling, AI-based battery management systems (BMS) and multi-level safety protections, including thermal runaway and cell-level monitoring.
FlexiTwin Platform: A next-generation digital twin solution that enhances energy system performance, efficiency, and longevity by providing real-time analytics and optimization.
Comprehensive Safety & Monitoring: Intelligent BMS with overcharge, over-discharge and short-circuit protection, validated through accelerated life-cycle testing.
Repurposing & Scalability: Batteries are designed for durability and can be repurposed for stationary storage or organizational needs, supporting circular economy principles.
Revenue Mix: While specific figures are undisclosed, the majority of revenue currently stems from commercial mobility deployments, with grid and stationary storage applications expected to grow as the market matures.
Customer Segmentation: TEC primarily serves B2B clients—fleet operators, BAAS providers and OEMs—while also addressing B2C needs in residential and small business energy storage.
Geographic Focus: The company’s initial focus is on the Indian market, with plans for international expansion as regulatory and market conditions evolve.
BAAS Providers: TEC’s battery solutions are integral to leading battery-as-a-service operators in the e-rickshaw sector, delivering consistent power and operational efficiency.
OEM Collaborations: The company partners with commercial vehicle manufacturers to integrate its battery systems into new and existing fleets.
Digital Platform Partners: FlexiTwin is deployed in collaboration with energy management firms, enhancing system reliability and cost savings for clients.
Client Concentration & Diversification: TEC’s broad B2B focus and adaptability across vehicle types and stationary storage applications mitigate client concentration risk. The company is actively diversifying into new verticals, including residential and grid-scale storage, to ensure long-term revenue stability.
Growth Drivers: TEC is poised for rapid expansion through the rollout of next-generation battery products, scaling of the FlexiTwin platform, and entry into new markets such as stationary storage and residential energy solutions. The company’s commitment to R&D and digital innovation is expected to drive continued product differentiation and market share gains (reflecting recent trends in clean energy adoption).
Risks & Headwinds: Key challenges include evolving regulatory frameworks for battery safety and recycling, intensifying competition from global battery manufacturers and the need to continuously validate product performance in diverse operating environments.
Strategic Targets: Management is focused on scaling commercial deployments, expanding the digital services portfolio, and forging new partnerships with OEMs and energy service providers. Capital allocation is directed toward technology development, market expansion and talent acquisition to sustain innovation and operational excellence.
$3.39Million
4
$2.0Million, Seed
as of February 10, 2025
$7.31 million
as of N/A
-
as of N/A
LetsVenture
and 8 more47
Baaz
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
February 10, 2025 | Seed | $2.0Million | - | - | - | Siana Capital, Callapina, Z21 Ventures, 1Crowd, LetsVenture |
January 24, 2024 | Seed | $791.0K | $7.3Million | $73.6K | 79.5x | Z21 Ventures, Nkk Ventures, Anay Ventures, Faad Capital, Byt Avenue, LetsVenture, 1Crowd |
August 11, 2022 | Seed | $598.0K | $2.9Million | $7.5K | 312.5x | India Accelerator, GSV, We Founder Circle , LetsVenture, SKS Cleantech |