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- Eni Plenitude
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
Ares Management
Energy Infrastructure Partners
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
Website
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2025 | Secondary | $12B | 1.5x |
| Dec 2023 | Secondary | $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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2025 | $7.7B | $12B | 1.5x | Secondary |
* 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2025 | Secondary | Ares Management (lead) | $2.4B | $12B | Eni 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 2023 | Secondary | Energy Infrastructure Partners (lead) | $649M | $9.2B | Eni 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | ||
| HQ City | - | Milan |
| Deal Date | 4 Jun 2025 | 2 Dec 2022 |
| Valuation | $497M | undisclosed |
| 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.5B | $1.1B | $11B | 9.8x | ||
| Private | - | - | $12B | - | ||
| Publicly listed | $2.2B | $1.1B | $12B | 5.0x | ||
| Publicly listed | $18B | $4.9B | $12B | 2.7x | ||
| Publicly listed | $13B | $5.4B | $12B | 3.1x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $811M | $158M | 13.8x | 10.9x | 70.7x | 49.3x | |||
| $52B | $5.4B | 0.5x | 0.5x | 5.3x | 3.2x | |||
| $249M | - | 56.5x | 54.6x | - | - | |||
| $647M | $170M | 17.7x | 15.5x | 67.5x | 58.7x | |||
| $1.5B | $1.1B | 10.1x | 9.8x | 14.6x | 14.5x | |||
| $9.1B | $1.4B | 2.2x | 2.1x | 14.1x | 13.8x | |||
| $5B | $1.7B | 3.1x | 2.5x | 9.0x | 6.3x | |||
| $2.2B | $1.1B | 5.5x | 5.0x | 11.4x | 9.3x | |||
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. |
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