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- Welspun Energy
Welspun Energy Valuation, Funding & Investors
Welspun Energy is valued at $376M as of June 2014.
Last Welspun Energy valuation
$376M
Undisclosed stage · Jun 2014
Last Welspun Energy funding round
$165M
Undisclosed stage · Oct 2015
Cumulative funding Welspun Energy raised
$215M
across 2 funding rounds
Key investors in Welspun Energy
Asian Development Bank
GE Ventures
About Welspun Energy
Welspun Energy is an Indian renewable energy developer building wind and solar projects. It operates plants across states like Rajasthan and Gujarat with a portfolio exceeding 500 MW capacity. The company pursues 1.7 GW additions through hybrid technologies and storage integration.
Founded
2002
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$376M (Jun 2014)
Sectors
Welspun Energy Valuation
Welspun Energy is currently valued at $376M, based on its undisclosed-stage round in June 2014.
The $50M round included Asian Development Bank.
Welspun Energy valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2014 | Undisclosed stage | $376M |
Welspun Energy Funding History
Welspun Energy has raised a total of $215M across 2 funding rounds.
Welspun Energy's first fundraising round was a $50M undisclosed-stage round in June 2014. The most recent completed round was a $165M undisclosed-stage round in October 2015.
Welspun Energy funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2015 | Undisclosed stage | Asian Development Bank; GE Ventures | $165M | - | Welspun Energy is a renewable energy developer in India focused on solar and wind projects, operating India's largest solar power project by a single company at 151 MW in Madhya Pradesh as of early 2015. The company had an installed capacity of around 350 MW and was developing projects worth 750 MW. with plans announced earlier in 2015 for $2.5 billion investments to set up 1.5 GW renewable capacity over three years. In January 2015, it signed agreements with Gujarat state government for 1.1 GW renewables, including 500 MW wind and 600 MW solar. Investors including Asian Development Bank, KfW, and GE Energy Financial Services had provided debt and equity funding prior to the queried round. |
| Jun 2014 | Undisclosed stage | Asian Development Bank | $50M | $376M | Welspun Renewables Energy Private Limited (WREPL), a 100% subsidiary of Welspun Energy Limited, is an independent renewable energy developer in India focused on solar and wind power projects. The company had operational renewable energy generation capacity of 328 MW across eight states as of mid-2014, including one of the world's largest solar projects at 151 MW in Neemuch. The company planned to expand total capacity to 1,750 MW in solar and wind over three years with over INR 11,000 crore in capital outlay. In June 2014, the Asian Development Bank committed US$50 million in equity capital to support the development of wind and solar projects, enabling the company to add 100 MW of wind and 200 MW of solar capacity by March 2016. The ADB investment represented a 13.3% stake in WREPL, implying an approximate post-money valuation of USD 375.9 million. Other funding sources for the project included USD 35 million from other investors, USD 5 million from internal accruals, and USD 250 million in project debt. The investment was structured to catalyze further private sector participation in India's renewable energy sector and demonstrated viability of profitable renewable energy investments, with the projects expected to avoid 400,000 tonnes of CO2 emissions annually upon completion by 2017. |
Who has invested in Welspun Energy?
2 investors have backed Welspun Energy across its funding rounds, including Asian Development Bank and GE Ventures.
Welspun Energy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Welspun 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 TrialWelspun Energy Competitors
Welspun Energy competitors include listed companies like Gevo, Aydem Yenilenebilir Enerji and Lydia Yeşil Enerji, and private ones like HTEC Hydrogen Technology & Energy, Volt Energy and Altano Energy.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $386M | - | ||
| Publicly listed | $161M | $7M | $393M | 2.7x | ||
| Publicly listed | $265M | $75M | $354M | 2.2x | ||
| Private | - | - | $400M | - | ||
| Publicly listed | $1M | - | $403M | - | ||
| Private | - | - | $350M | - |
Welspun Energy Public Comps
Welspun Energy is still privately-owned, but its public comps include Gevo, Aydem Yenilenebilir Enerji, Lydia Yeşil Enerji, Energiekontor, IC Enterra, Sterling and Wilson, Montauk Renewables, SINOTECH Co, BayWa and Cloud Live Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $161M | $7M | 3.2x | 2.7x | 71.7x | 10.7x | |||
| $265M | $75M | 3.1x | 2.2x | 11.0x | 5.7x | |||
| $1M | - | 367.9x | - | - | - | |||
| $193M | $99M | 3.5x | 2.7x | 6.8x | 8.0x | |||
| $86M | $52M | 6.5x | 5.1x | 10.9x | 6.9x | |||
| $787M | ($15M) | 0.7x | 0.7x | (37.6x) | 15.3x | |||
| $176M | $32M | 2.6x | 2.3x | 14.1x | 9.5x | |||
| $263M | $2M | 1.6x | 1.7x | 282.7x | - | |||
This data is available for Pro users. Sign up to see all Welspun Energy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Welspun Energy
| When was Welspun Energy founded? | Welspun Energy was founded in 2002. |
| Where is Welspun Energy headquartered? | Welspun Energy is headquartered in New Delhi, India. |
| Is Welspun Energy publicly listed? | No, Welspun Energy is a private, VC-backed company. |
| What is Welspun Energy's valuation? | Welspun Energy was last valued at $376M in its undisclosed-stage round in June 2014. |
| How much funding has Welspun Energy raised? | Welspun Energy has raised $215M across 2 funding rounds. |
| What was Welspun Energy's last funding round? | Welspun Energy's last funding round was a $165M undisclosed-stage round in October 2015. |
| Who are Welspun Energy's investors? | Welspun Energy's investors include Asian Development Bank and GE Ventures. |
| Which companies are comparable to Welspun Energy? | Companies comparable to Welspun Energy include HTEC Hydrogen Technology & Energy, Gevo, Aydem Yenilenebilir Enerji, Volt Energy, Lydia Yeşil Enerji and Altano Energy. |
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