Active Power
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Active Power - overview
Location
Austin, TX, US
Primary Industry
Power & Utilities
About
Active Power is a technology company that specializes in battery-free flywheel uninterruptible power supply systems, providing reliable power solutions for mission-critical operations across multiple industries. Active Power specializes in uninterruptible power supply solutions utilizing flywheel technology. Founded by Rolf Hugi, the company is headquartered in Austin, US. Active Power has undergone significant changes since its inception, including an acquisition by Piller in October 2016 for USD 9.
70 mn. The company has closed a total of 7 deals. Active Power designs and manufactures battery-free flywheel uninterruptible power supply (UPS) systems tailored for mission-critical environments. Their primary product, the CLEANSOURCE® series, employs kinetic energy for efficient power storage and release.
These systems are essential for maintaining power in sectors such as data management, healthcare, and industrial manufacturing, catering to a diverse global clientele that encompasses pharmaceutical firms, military units, and entertainment facilities across North America, Europe, and Asia. In 2016, Active Power reported zero revenue but incurred an EBITDA loss of USD 1,446,000. The company generates income through direct sales of its advanced flywheel UPS systems, with a focus on B2B transactions across sectors like healthcare and defense, complemented by maintenance agreements that foster ongoing client relationships. Active Power aims to innovate by launching new products designed for advanced power management solutions, leveraging recent funding from its acquisition to drive development.
The company is focused on expanding its presence in emerging markets, specifically targeting Europe and Asia for growth within the next few years. The funds from the recent PIPE round, amounting to USD 9. 70 mn, will support these initiatives, enhancing product offerings and market penetration efforts.
Current Investors
Silicon Valley Bank, Advent International, Austin Ventures
Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services
Website
www.activepower.com
Verticals
Clean Technology
Total Amount Raised
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