Eni Plenitude Revenue, Valuation, Funding & Investors

Eni Plenitude is valued at $12B as of June 2025, a 1.5x multiple on its last reported $7.7B revenue.

Last Eni Plenitude valuation

$12B

Secondary · Jun 2025

Eni Plenitude revenue

$7.7B

Secondary · Jun 2025

Key investors in Eni Plenitude

Eni Plenitude Overview

About Eni Plenitude

Eni Plenitude is a Milan-headquartered energy retailer operating in 10 European countries, generating electricity from 6 GW of renewable capacity including solar farms in Italy and Spain. The company manages 7 million charging points for electric vehicles across highways and urban areas, alongside retail sales of gas and power to residential and business customers.


Founded

2017

HQ

ItalyMilan

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Usage-based

Revenue

$7.7B (Jun 2025)

Valuation

$12B (Jun 2025)

Eni Plenitude Valuation

Eni Plenitude is currently valued at $12B, based on its secondary sale in June 2025.

The $2.4B round was led by Ares Management.

Eni Plenitude's valuation has grown 1.3x from $9.2B at its secondary sale in December 2023 to $12B in June 2025, across 2 priced rounds.

Eni Plenitude valuation by funding round

Revenue multiple
Eni Plenitude valuation by funding round
DateStageValuationRevenue Multiple
Jun 2025Secondary$12B1.5x
Dec 2023Secondary$9.2B-

Eni Plenitude Revenue

Eni Plenitude's latest recorded revenue is $7.7B, as of its secondary sale in June 2025. At a $12B valuation, that implies a 1.5x revenue multiple.

Eni Plenitude revenue by funding round

Eni Plenitude revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2025$7.7B$12B1.5xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Eni Plenitude Funding History

Eni Plenitude has 2 recorded secondary share sales and no primary funding rounds.

Eni Plenitude funding rounds

Eni Plenitude funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2025SecondaryAres Management (lead)$2.4B$12BEni Plenitude is an Italian energy transition company integrating renewable energy production exceeding 4 GW, retail power and gas services for over 10 million customers across more than 15 countries, and management of 21,500 EV charging points. On June 23, 2025, Eni sold a 20% stake in Plenitude to Ares Management's Alternative Credit funds for approximately €2 billion, based on a €10 billion equity valuation and over €12 billion enterprise value. This transaction follows Eni's prior sale of a 10% stake to Energy Infrastructure Partners in 2023 at a similar valuation and a capital increase in 2024 bringing EIP to 10%. Plenitude targets 10 GW renewable capacity by 2028. In 2023, Plenitude reported €6.7 billion in turnover and €363 million EBITDA.
Dec 2023SecondaryEnergy Infrastructure Partners (lead)$649M$9.2BEni Plenitude is a diversified energy transition company integrating renewable energy production, retail energy sales and solutions, and electric vehicle charging infrastructure across 15 countries. On December 21, 2023, Eni and Plenitude signed an agreement for Energy Infrastructure Partners (EIP) to invest through a capital increase of up to €0.7 billion, representing approximately 9% of the company's share capital post-transaction. The deal implies a post-money equity value of around €8 billion and an enterprise value of over €10 billion. The transaction closed on March 8, 2024, with EIP investing €588 million for approximately 7.6% stake at the same €8 billion equity valuation. This investment strengthens Plenitude's balance sheet, reduces debt, and supports growth in renewables, energy sales, and EV charging. Plenitude raised its 2023 EBITDA target by 30% to around €0.9 billion, aiming to triple it to €1.8 billion by 2026 alongside expanding renewable capacity to 7 GW and EV charging points to 30,000. The deal advances Eni's satellite model for high-potential businesses, providing market valuation visibility and access to new capital for Plenitude's path to carbon neutrality by 2040.

Who has invested in Eni Plenitude?

2 investors have backed Eni Plenitude across its funding rounds, including Ares Management and Energy Infrastructure Partners.

Lead investors include Ares Management and Energy Infrastructure Partners.


Eni Plenitude Investors

Investors in Eni Plenitude by funding rounds participated
InvestorHQRoundsRoleFirst check

This data is available for Pro users. Sign up to see all 2 Eni Plenitude 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 Trial

Acquisitions by Eni Plenitude

Eni Plenitude has acquired 2 companies to date.

Last acquisition by Eni Plenitude was on June 4th 2025. Eni Plenitude acquired Acea Energia for $497M.


Latest Acquisitions by Eni Plenitude

Acea Energia
PLT energia Srl
Description
-
PLT Energia Srl is an Italian developer and operator of renewable energy facilities, including wind farms, photovoltaic plants, biomass units, and cogeneration systems. Headquartered in Rome, the company trades electricity on wholesale markets and manages over 100 MW of installed capacity. Founded in 2007, PLT partners with utilities for grid-connected projects in southern Italy.
HQ CountryItalyItaly
HQ City
-
Milan
Deal Date4 Jun 20252 Dec 2022
Valuation$497Mundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Eni Plenitude acquisitions and their M&A valuation multiples.

Start Free Trial

Eni Plenitude Competitors

Eni Plenitude competitors include listed companies like Guangxi Guiguan Electric, Hidroelectrica, Datang International and China Resources Power, and private ones like Cepsa and Helion Energy.

Public and private companies comparable to Eni Plenitude
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Guangxi Guiguan ElectricChinaChinaPublicly listed$1.5B$1.1B$11B9.8x
CepsaSpainMadridPrivate--$12B-
HidroelectricaRomaniaRomaniaPublicly listed$2.2B$1.1B$12B5.0x
Datang InternationalChinaChinaPublicly listed$18B$4.9B$12B2.7x
China Resources PowerChinaChinaPublicly listed$13B$5.4B$12B3.1x
Helion EnergyUnited StatesSeattle, WAPrivate--$16B-

Eni Plenitude Public Comps

Eni Plenitude is still privately-owned, but its public comps include Siemens Energy India, HD Hyundai, Chuantou Energy, GE Vernova T&D India, Guangxi Guiguan Electric, AltaGas, Antero Resources, Hidroelectrica, Datang International and Tata Power.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Siemens Energy India$811M$158M13.8x10.9x70.7x49.3x
HD Hyundai$52B$5.4B0.5x0.5x5.3x3.2x
Chuantou Energy$249M-56.5x54.6x--
GE Vernova T&D India$647M$170M17.7x15.5x67.5x58.7x
Guangxi Guiguan Electric$1.5B$1.1B10.1x9.8x14.6x14.5x
AltaGas$9.1B$1.4B2.2x2.1x14.1x13.8x
Antero Resources$5B$1.7B3.1x2.5x9.0x6.3x
Hidroelectrica$2.2B$1.1B5.5x5.0x11.4x9.3x

This data is available for Pro users. Sign up to see all Eni Plenitude competitors and their valuation data.

Start Free Trial

Common questions about Eni Plenitude

When was Eni Plenitude founded?Eni Plenitude was founded in 2017.
Where is Eni Plenitude headquartered?Eni Plenitude is headquartered in Milan, Italy.
Is Eni Plenitude publicly listed?No, Eni Plenitude is a private, VC-backed company.
What is Eni Plenitude's valuation?Eni Plenitude was last valued at $12B in its secondary sale in June 2025.
Who are Eni Plenitude's investors?Eni Plenitude's investors include Energy Infrastructure Partners and Ares Management.
What is Eni Plenitude's revenue?Eni Plenitude's latest recorded revenue is $7.7B (June 2025).
What is Eni Plenitude's revenue multiple?Eni Plenitude's latest valuation implies a 1.5x revenue multiple ($12B valuation on $7.7B of revenue).
Which companies are comparable to Eni Plenitude?Companies comparable to Eni Plenitude include Guangxi Guiguan Electric, Cepsa, Hidroelectrica, Datang International, China Resources Power and Helion Energy.
How many companies has Eni Plenitude acquired?Eni Plenitude has acquired 2 companies, including Acea Energia and PLT energia Srl.
What was the largest acquisition by Eni Plenitude?The $497M acquisition of Acea Energia in June 2025 is the largest acquisition Eni Plenitude has made to date.

See companies similar to Eni Plenitude

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial