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- Dispatch Energy
Dispatch Energy Funding, Investors & Competitors
Dispatch Energy has raised $369M across 2 funding rounds, most recently a $160M undisclosed-stage round in June 2025.
Last Dispatch Energy funding round
$160M
Undisclosed stage · Jun 2025
Cumulative funding Dispatch Energy raised
$369M
across 2 funding rounds
Key investors in Dispatch Energy
Hamilton Lane
Terramont Infrastructure Partners
About Dispatch Energy
Dispatch Energy is a distributed energy company that develops, owns, and operates on-site generation and storage assets, including solar, battery storage, and fuel cells, for commercial and industrial customers such as big-box retailers and hospitals. Founded in 2024, the company aims to cut energy costs, improve resiliency, and provide grid services as US power demand strains existing infrastructure. Dispatch has built a national portfolio of distributed generation projects and offers operations and maintenance services alongside its development and ownership business.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Dispatch Energy Funding History
Dispatch Energy has raised a total of $369M across 2 funding rounds.
Dispatch Energy's first fundraising round was a $209M undisclosed-stage round in September 2024. The most recent completed round was a $160M undisclosed-stage round in June 2025.
Dispatch Energy funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2025 | Undisclosed stage | Hamilton Lane (lead); Terramont Infrastructure Partners (lead) | $160M | Dispatch Energy LLC is a leading provider of distributed energy solutions, offering reliable and cost-effective energy to commercial and industrial customers. The company focuses on generating cost savings, enhancing resiliency, and providing grid services to meet growing demand for on-site power generation amid U.S. power constraints. Terramont Infrastructure Partners committed $160 million as a capital commitment, with funds managed by Hamilton Lane participating as co-lead investors. The deal closed around June 12-16, 2025, and issued Convertible Preferred Shares. This investment brings Dispatch Energy's total capital commitments in 2025 from all sources to $360 million, enabling acceleration of dynamic solutions for customers. CEO Richard Dovere highlighted the partners' conviction in distributed energy's future, noting industries' need for power and distributed generation's essential role. Brent Burnett, Hamilton Lane's Head of Infrastructure and Real Assets, emphasized alignment with their thesis on innovative power infrastructure solutions. Terramont, a middle-market-focused North American infrastructure investment manager, targets critical economy companies with sustainability impact, including renewable power and sustainable energy. K&L Gates advised Terramont on the deal as corporate and fund counsel. Hamilton Lane, with approximately $958 billion in assets under management as of March 31, 2025, specializes in private markets strategies across sectors like infrastructure. |
| Sep 2024 | Undisclosed stage | - | $209M | Dispatch Energy, a provider of distributed energy solutions including generation and storage assets for commercial and industrial customers, secured over $209 million in capital commitments announced on January 9, 2024 (with some sources listing 2025), consisting of platform-based debt (about $200 million) and equity from employees, family offices, and institutional investors. This funding, completing a fundraise initiated in 2024, accelerates development, ownership, and operation of distributed generation facilities focused on cost savings, resiliency, and grid services. The company, founded in 2024 with $20 million seed and 15MW of solar facilities, had started construction of $28 million in fuel cell projects by Q4 2024 and planned $150 million deployment in generation and storage for 2025, plus acquiring 45MW of operating solar in Q1 2025. The team has managed over $1.5 billion in operating assets previously. In June 2025, Dispatch Energy received a $160 million capital commitment from Terramont Infrastructure Partners with Hamilton Lane as co-lead, bringing total 2025 commitments to $360 million. This supports ongoing expansion in solar, storage, fuel cells for clients like big box stores and hospitals, with over $100 million in fuel cell projects in pipeline. CEO Richard Dovere emphasized the capital's role in addressing power needs amid growing distributed generation demand. Advisors included White & Case, Tannenbaum Helpern Syracuse & Hirschtritt LLP, and Norton Rose Fulbright. |
Who has invested in Dispatch Energy?
2 investors have backed Dispatch Energy across its funding rounds, including Hamilton Lane and Terramont Infrastructure Partners.
Lead investors include Hamilton Lane and Terramont Infrastructure Partners.
Dispatch Energy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Dispatch Energy investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Dispatch Energy
Dispatch Energy has acquired 1 company to date.
Last acquisition by Dispatch Energy was on November 12th 2025. Dispatch Energy acquired Green Lantern Solar for undisclosed valuation.
Latest Acquisitions by Dispatch Energy
| Description | Green Lantern Solar is a renewable energy developer and financier based in Berkeley, California, focusing on commercial rooftop solar installations and battery storage systems. The company funds and deploys projects for warehouses, offices, and retail centers in California, providing power purchase agreements and zero-upfront-cost options. |
| HQ Country | |
| HQ City | Montpelier, VT |
| Deal Date | 12 Nov 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Dispatch Energy acquisitions and their M&A valuation multiples. Start Free Trial | |
Dispatch Energy Competitors
Dispatch Energy competitors include listed companies like Enbridge, Williams Companies, Enterprise Products and Energy Transfer, and private ones like Saudi Tabreed and TenneT Germany.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $47B | $15B | $109B | 3.6x | ||
| Publicly listed | $12B | $7.4B | $88B | 9.8x | ||
| Publicly listed | $53B | $9.6B | $83B | 1.9x | ||
| Publicly listed | $86B | $15B | $72B | 1.5x | ||
| Private | - | - | $833M | - | ||
| Private | - | - | $46B | - |
Dispatch Energy Public Comps
Dispatch Energy is still privately-owned, but its public comps include GE Vernova, Reliance Industries, Siemens Energy, Enbridge, Quanta Services, Williams Companies, Enterprise Products, Energy Transfer, Kinder Morgan and TC Energy.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $38B | $3.2B | 6.2x | 5.4x | 73.5x | 43.5x | |||
| $110B | $20B | 1.9x | 1.7x | 10.4x | 10.3x | |||
| $45B | $4.5B | 2.7x | 2.4x | 27.3x | 16.1x | |||
| $47B | $15B | 4.2x | 3.6x | 13.3x | 13.3x | |||
| $28B | $2.5B | 3.5x | 2.7x | 38.8x | 26.3x | |||
| $12B | $7.4B | 10.1x | 9.8x | 16.4x | 14.6x | |||
| $53B | $9.6B | 2.2x | 1.9x | 12.3x | 11.0x | |||
| $86B | $15B | 1.9x | 1.5x | 10.5x | 8.8x | |||
This data is available for Pro users. Sign up to see all Dispatch Energy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Dispatch Energy
| When was Dispatch Energy founded? | Dispatch Energy was founded in 2024. |
| Where is Dispatch Energy headquartered? | Dispatch Energy is headquartered in New York City, NY, United States. |
| Is Dispatch Energy publicly listed? | No, Dispatch Energy is a private, VC-backed company. |
| How much funding has Dispatch Energy raised? | Dispatch Energy has raised $369M across 2 funding rounds. |
| What was Dispatch Energy's last funding round? | Dispatch Energy's last funding round was a $160M undisclosed-stage round in June 2025, led by Hamilton Lane and Terramont Infrastructure Partners. |
| Who are Dispatch Energy's investors? | Dispatch Energy's investors include Hamilton Lane and Terramont Infrastructure Partners. |
| Which companies are comparable to Dispatch Energy? | Companies comparable to Dispatch Energy include Enbridge, Williams Companies, Enterprise Products, Energy Transfer, Saudi Tabreed and TenneT Germany. |
| How many companies has Dispatch Energy acquired? | Dispatch Energy has acquired 1 company, including Green Lantern Solar. |
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