When was Corvus Energy founded?

Corvus Energy was founded in 2009.

Where is Corvus Energy located?

Corvus Energy is headquartered in Nesttun, Norway.

Who is the current CEO of Corvus Energy?

Andrew Morden of Corvus Energy.

How many employees does Corvus Energy have?

As of Aug 31, 2026, the latest employee count at Corvus Energy is 265.

Is Corvus Energy a funded company?

Corvus Energy is a funded company, having raised a total of $88.3M across 11 funding rounds to date. The company's 1st funding round was a $***** Series A round.

When was the latest funding round of Corvus Energy?

Corvus Energy's latest funding was a $***** Series C round on Oct 10, 2025, with participation from 2 investors.

Where does Corvus Energy rank among its competitors?

Corvus Energy ranks 2nd amongst 561 active competitors, of which 50 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Voltfang, which secured $15.1M in Jun, 2026.

Who are the top competitors of Corvus Energy?

Corvus Energy's top competitors include A123 Systems, PURE EV and Polarium. Among them, Voltfang secured the most recent funding round in June, 2026.

Corvus Energy - 2026 Company Profile, Team, Funding & Competitors

Corvus Energy is an acquired company based in Nesttun (Norway), founded in 2009. It operates as a Developer of energy storage systems (ESS) based on lithium NMC technology. Corvus Energy has raised $88.3M in funding from investors like Morgan Stanley, BW Group and Equinor. The company has 561 active competitors, including 50 funded and 31 that have exited. Its top competitors include companies like A123 Systems, PURE EV and Polarium.

Company Details

Developer of energy storage systems (ESS) based on lithium NMC technology. It provides users with a company designed and built for industrial, commercial, and high power applications. It provide solutions for commercial hybrid and electric vessels. Vessels and equipment hybridized or fully electrified with the ESS, consume less fuel, operate more efficiently and effectively, and emit substantially fewer greenhouse gases.

Website: corvusenergy.com
Social

Key Metrics

Founded Year

2009

Location

Nesttun, Norway

Stage

Acquired

Total Funding

$88.3M in 11 rounds

Latest Funding Round

Series C, Oct 10, 2025, $*****

Investors

Morgan Stanley & 12 more

Ranked

2^nd among 561 active competitors

Employee Count

265 as on Aug 31, 2026

Investment & Acquisitions

Grenland Energy

Similar Companies

Echandia & 15 more

Exit Details

Acquired by Hydro (Nov 28, 2017)

View Corvus Energy's full profile

Corvus Energy is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CORVUS ENERGY AS CIN: 914888646 , Norway, Active	Jan 08, 2015	-	130 (As on Dec 31, 2022)
CORVUS ENERGY USA LTD CIN: 990369861 , United States, Active	Dec 31, 1999	-	8 (As on Dec 31, 2022)	-

Corvus Energy got acquired by Hydro on Nov 28, 2017.

Click here to take a look at Corvus Energy's acquisition in detail

Corvus Energy has raised a total funding of $88.3M over 11 rounds. Its latest funding round was a Series C round on Oct 10, 2025 for $*****. 2 investors participated in its latest round. Corvus Energy has 13 institutional investors.

Here is the list of recent funding rounds of Corvus Energy:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 10, 2025	9561026	Series C	2419590	6794349	5167130	3177510
Jan 19, 2024	2265085	Series B	5041568	2523916	5051623	BW Group & 3 more
May 01, 2020	8199500	Grant (prize money)	4125661	3755467	1226504	Europa

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View details of Corvus Energy's funding rounds and investors

Corvus Energy's employee count trend

Corvus Energy has 265 employees as of Aug 26. Here is Corvus Energy's employee count trend over the years:

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Top competitors of Corvus Energy include A123 Systems, PURE EV and Polarium. Here is the list of Top 10 competitors of Corvus Energy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	A123 Systems 2001, Hangzhou (China), Public	Manufacturer of automotive lithium-ion batteries	$201M	General Electric, Qualcomm Ventures & 19 others	76/100
2nd	Corvus Energy 2009, Nesttun (Norway), Acquired	Developer of energy storage systems (ESS) based on lithium NMC technology	$88.3M	Export Development Canada, Morgan Stanley ... & 11 others	66/100
3rd	PURE EV 2015, Hyderabad (India), Series A	Manufacturer of energy storage products and electric vehicles with lithium batteries	$21.8M	Bennett, Coleman, Hindustan Media Ventures ... & 33 others	62/100
4th	Polarium 2015, Stockholm (Sweden), Series D	Manufacturer of lithium ion battery energy storage and management systems	$274M	Alecta, Vargas Holding & 7 others	62/100
5th	KORE Power 2018, Idaho Falls (United States), Acquired	Developer of battery cells, energy storage systems, and e-mobility solutions	$75.1M	Siemens, ADS Ventures & 7 others	61/100
6th	REPLUS Engitech 2018, Pune (India), Funding Raised	Provider of lithium-ion battery and energy storage solutions	-	Bharat Investment Growth	58/100
7th	Voltfang 2020, Aachen (Germany), Series B	Provider of energy storage systems and energy management solutions for businesses	$31.8M	FORWARD.one, PT1 Ventures & 33 others	58/100
8th	PUR Energy 2018, Hyderabad (India), Series A	Manufacturer of lithium batteries solar inverters and electric two wheelers	$20.9M	Bennett, Coleman, Time Cap Pharma Labs & 29 others	57/100
9th	Tesvolt 2014, Seevetal (Germany), Public	Provider of energy storage systems, software, services, and energy trading	-	Liechtenstein Group, Ibg Rislkokapitalfonds ... & 12 others	57/100
10th	Echandia 2009, Solna (Sweden), Series B	Manufacturer of maritime battery systems engineered for heavy-duty vessel applications	$34M	Industrifonden, S2G Investments & 6 others	57/100