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

VoltaGrid Overview

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

United StatesHouston, TX

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Valuation

$10B (May 2026)

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

VoltaGrid valuation by funding round
DateStageValuation
May 2026Undisclosed 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

VoltaGrid funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2026Undisclosed stageBlackstone (lead); Halliburton (lead)$1B$10BVoltaGrid 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 2021Undisclosed stageCarnelian 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

Investors in VoltaGrid by funding rounds participated
InvestorHQRoundsRoleFirst check
Carnelian Energy Capital ManagementUnited StatesHouston, TX1ParticipantFeb 2021
BlackstoneUnited StatesNew York City, NY1LeadMay 2026
CPP InvestmentsCanadaToronto1ParticipantFeb 2021
Pilot FlyingUnited StatesKnoxville, TN1ParticipantFeb 2021

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Acquisitions 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

Propell Technologies
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 CountryUnited States
HQ City
Houston, TX
Deal Date10 May 2026
Valuationundisclosed
EV/Revenue
EV/EBITDA

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VoltaGrid Competitors

VoltaGrid competitors include listed companies like Eneva, Antero Midstream, OQ and Zheneng Electric, and private ones like Eni Plenitude and Cepsa.

Public and private companies comparable to VoltaGrid
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
EnevaBrazilBrazilPublicly listed$3.6B$1.3B$10B5.2x
Antero MidstreamUnited StatesUnited StatesPublicly listed$1.3B$960M$10B10.6x
OQOmanOmanPublicly listed$3B$2.4B$9.9B3.5x
Zheneng ElectricChinaChinaPublicly listed$12B$2.5B$10B1.5x
Eni PlenitudeItalyMilanPrivate$7.7B$417M$12B1.5x
CepsaSpainMadridPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eneva$3.6B$1.3B4.2x5.2x11.9x13.2x
Antero Midstream$1.3B$960M10.9x10.6x14.3x11.5x
OQ$3B$2.4B3.5x3.5x4.3x4.3x
Zheneng Electric$12B$2.5B1.4x1.5x6.6x7.8x
JSW Energy$1.9B$1.1B8.9x8.0x15.9x14.6x
Dian Swastatika Sentosa$2.8B$523M4.0x-21.3x-
PRIO$3B$1.4B4.6x3.2x10.3x4.8x
OPC Energy$864M$275M13.9x-43.7x-

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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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