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- VoltaGrid
VoltaGrid Valuation, Funding & Investors
VoltaGrid is valued at $10B as of May 2026.
Last VoltaGrid valuation
$10B
Undisclosed stage · May 2026
Last VoltaGrid funding round
$1B
Undisclosed stage · May 2026
Cumulative funding VoltaGrid raised
$1.1B
across 2 funding rounds
Key investors in VoltaGrid
Blackstone
CPP Investments
Longbow Capital
Halliburton
Carnelian Energy Capital Management
Pilot Flying
About VoltaGrid
VoltaGrid is a mobile power generation company deploying natural gas generators for oilfields and events. Bellaire, Texas-headquartered and founded in 2020, it operates a fleet of microturbines emitting lower NOx than traditional units. The firm serves remote energy sites with rapid deployment and remote monitoring capabilities.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$10B (May 2026)
Sectors
VoltaGrid Valuation
VoltaGrid is currently valued at $10B, based on its undisclosed-stage round in May 2026.
The $1B round was led by Blackstone and Halliburton.
VoltaGrid valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2026 | Undisclosed stage | $10B |
VoltaGrid Funding History
VoltaGrid has raised a total of $1.1B across 2 funding rounds.
VoltaGrid's first fundraising round was a $73M undisclosed-stage round in February 2021. The most recent completed round was a $1B undisclosed-stage round in May 2026.
VoltaGrid funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Undisclosed stage | Blackstone (lead); Halliburton (lead) | $1B | $10B | VoltaGrid signed agreements for a $1 billion strategic equity investment from funds managed by Blackstone Tactical Opportunities and Halliburton Company, structured as a $775 million primary capital raise and a $225 million secondary purchase from existing investors. The transactions are subject to customary closing conditions and expected to close in mid-2026. In connection with the investment, VoltaGrid signed a definitive agreement to acquire Propell Technologies Group Inc. and its affiliates, a key supplier. Proceeds from the primary capital raise will accelerate deployment of VoltaGrid’s behind-the-meter power generation solutions for AI data centers, microgrids, and industrial applications. The investment supports growth and the acquisition of Propell to enhance supply chain integration and scale operations in the power generation platform. VoltaGrid operates as a leading behind-the-meter power generation business, focusing on solutions for data centers, microgrids, and industrial applications. |
| Feb 2021 | Undisclosed stage | Carnelian Energy Capital Management; CPP Investments; Pilot Flying; Longbow Capital | $73M | - | VoltaGrid LLC, founded in 2020 by a seasoned energy-services team based in Houston, Texas, develops innovative electric power solutions using high-efficiency gas engine-based remote power generation to increase reliability and reduce emissions for applications including pressure pumping, remote mining, utility, and distributed generation. The company closed an equity commitment of $72.6 million USD ($92.5 million CAD) around February 2, 2021, from institutional investors including Carnelian Energy Capital, CPP Investments (Canada Pension Plan Investment Board), Longbow Capital, Pilot Company (noted as Pilot Flying in query), and Walter Ventures. This funding supports a significant growth plan across North America, with initial deployments in early Q2 2021 incorporating medium voltage energy storage systems for emissions and cost reductions in the completions industry. Investors highlighted VoltaGrid's technology as a cost-efficient, carbon-reduction solution aligning with ESG goals in the energy sector. CPP Investments noted its fit for investing in early-stage tech improving energy processes, Carnelian praised the team's vision for enhancing emissions profiles in critical power infrastructure, and Pilot emphasized alignment with efficiency and innovation in energy and fuel industries. The round matches the specified investors and approximate date, confirming it as a strategic equity raise for scaling operations and partnerships focused on reducing carbon footprints. Post-round, VoltaGrid continued fundraising, securing a $100 million equity raise in December 2021 from follow-on investors including CPP Investments, Longbow Capital, Pilot Company, and Walter Ventures. The company expanded into behind-the-meter solutions for data centers and industrial clients, partnering with Halliburton and Chesapeake Energy to achieve up to 32% emissions reductions versus diesel systems. By 2026, it pursued large-scale financings like a $5 billion debt package and explored IPO or sale options at over $10 billion valuation, reflecting strong growth amid rising electricity demand and grid challenges. |
Who has invested in VoltaGrid?
6 investors have backed VoltaGrid across its funding rounds, including Blackstone, CPP Investments, Longbow Capital, Halliburton, Carnelian Energy Capital Management and Pilot Flying.
Lead investors include Blackstone and Halliburton.
VoltaGrid Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Feb 2021 | ||
| 1 | Lead | May 2026 | ||
| 1 | Participant | Feb 2021 | ||
| 1 | Participant | Feb 2021 | ||
This data is available for Pro users. Sign up to see all 6 VoltaGrid 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 VoltaGrid
VoltaGrid has acquired 1 company to date.
Last acquisition by VoltaGrid was on May 10th 2026. VoltaGrid acquired Propell Technologies for undisclosed valuation.
Latest Acquisitions by VoltaGrid
| Description | Propell Technologies is an oilfield services company developing plasma pulse technology for well stimulation. Houston-headquartered since 2008, it deploys downhole plasma arc tools to remove near-wellbore damage without chemicals or fracking. The firm also refurbishes pumps, coil tubing units, and proppant systems for enhanced oil recovery. |
| HQ Country | |
| HQ City | Houston, TX |
| Deal Date | 10 May 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all VoltaGrid acquisitions and their M&A valuation multiples. Start Free Trial | |
VoltaGrid Competitors
VoltaGrid competitors include listed companies like Eneva, Antero Midstream, OQ and Zheneng Electric, and private ones like Eni Plenitude and Cepsa.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3.6B | $1.3B | $10B | 5.2x | ||
| Publicly listed | $1.3B | $960M | $10B | 10.6x | ||
| Publicly listed | $3B | $2.4B | $9.9B | 3.5x | ||
| Publicly listed | $12B | $2.5B | $10B | 1.5x | ||
| Private | $7.7B | $417M | $12B | 1.5x | ||
| Private | - | - | $12B | - |
VoltaGrid Public Comps
VoltaGrid is still privately-owned, but its public comps include Eneva, Antero Midstream, OQ, Zheneng Electric, JSW Energy, Dian Swastatika Sentosa, PRIO, OPC Energy, Enlight Renewable Energy and AES.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.6B | $1.3B | 4.2x | 5.2x | 11.9x | 13.2x | |||
| $1.3B | $960M | 10.9x | 10.6x | 14.3x | 11.5x | |||
| $3B | $2.4B | 3.5x | 3.5x | 4.3x | 4.3x | |||
| $12B | $2.5B | 1.4x | 1.5x | 6.6x | 7.8x | |||
| $1.9B | $1.1B | 8.9x | 8.0x | 15.9x | 14.6x | |||
| $2.8B | $523M | 4.0x | - | 21.3x | - | |||
| $3B | $1.4B | 4.6x | 3.2x | 10.3x | 4.8x | |||
| $864M | $275M | 13.9x | - | 43.7x | - | |||
This data is available for Pro users. Sign up to see all VoltaGrid competitors and their valuation data. Start Free Trial | ||||||||
Common questions about VoltaGrid
| When was VoltaGrid founded? | VoltaGrid was founded in 2020. |
| Where is VoltaGrid headquartered? | VoltaGrid is headquartered in Houston, TX, United States. |
| Is VoltaGrid publicly listed? | No, VoltaGrid is a private, VC-backed company. |
| What is VoltaGrid's valuation? | VoltaGrid was last valued at $10B in its undisclosed-stage round in May 2026. |
| How much funding has VoltaGrid raised? | VoltaGrid has raised $1.1B across 2 funding rounds. |
| What was VoltaGrid's last funding round? | VoltaGrid's last funding round was a $1B undisclosed-stage round in May 2026, led by Blackstone and Halliburton. |
| Who are VoltaGrid's investors? | VoltaGrid's investors include Carnelian Energy Capital Management, Blackstone, CPP Investments, Pilot Flying, Longbow Capital and Halliburton. |
| Which companies are comparable to VoltaGrid? | Companies comparable to VoltaGrid include Eneva, Antero Midstream, OQ, Zheneng Electric, Eni Plenitude and Cepsa. |
| How many companies has VoltaGrid acquired? | VoltaGrid has acquired 1 company, including Propell Technologies. |
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