Cygni Energy - About the company
Cygni Energy is a series B company based in Hyderabad (India), founded in 2014 by Venkat Rajaraman. It operates as a Manufacturer of lithium-ion battery packs for electric vehicles and energy storage. Cygni Energy has raised $28.4M in funding from investors like Sasken, Meridian Global Ventures and RTBI, with a current valuation of $*****. The company has 1583 active competitors, including 159 funded and 125 that have exited. Its top competitors include companies like A123 Systems, QuantumScape and SES Technologies.
Company Details
Manufacturer of lithium-ion battery packs for electric vehicles and energy storage. It provides customized solutions for various applications, including two-wheelers, e-rickshaws, and commercial/industrial energy storage systems. The company offers scalable and customizable options to meet diverse energy needs. Its battery packs are designed for high performance and low maintenance.
- Website
- www.cygni.com/
- Social
- Email ID
- *****@cygni.com
- Phone Number
- +91 **********
- Registered Address
- Plot No. 5, Survey No. 306, EMC Maheshwaram Industrial Area, Kandukur, K.V.Rangareddy, Rangareddy, Telangana, India, 501359
Key Metrics
Founded Year
2014
Location
Hyderabad, India
Stage
Series B
Total Funding
$28.4M in 10 rounds
Latest Funding Round
Post Money Valuation
$***** as on Aug 19, 2022
Ranked
49th among 1583 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
83 as on Aug 31, 2025
Investment & Acquisitions
Similar Companies
Legal entities associated with Cygni Energy
Cygni Energy is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CYGNI ENERGY PRIVATE LIMITED CIN: U40102TG2014PTC095918 , India, Active | Oct 08, 2014 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 76 (As on Mar 01, 2026) |
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Cygni Energy's funding and investors
Cygni Energy has raised a total funding of $28.4M over 10 rounds. Its first funding round was on 2014. Its latest funding round was a Conventional Debt round on Aug 25, 2022 for $*****. 1 investor participated in its latest round. Cygni Energy has 13 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of Cygni Energy:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 25, 2022 | 8992030 | Conventional Debt | 3248738 | 3106039 | 7316837 | 2980764 |
Aug 25, 2022 | 2667079 | Series B | 2987291 | 3419925 | 2238895 | 8122541 |
Dec 15, 2021 | 8434821 | Series A | 8712950 | 7839446 | 6912447 |
Access funding benchmarks and valuations. Sign up today!View details of Cygni Energy's funding rounds and investors
Cygni Energy's founders and board of directors
Founder? Claim ProfileThe founders of Cygni Energy is Venkat Rajaraman. Venkat Rajaraman is the CEO of Cygni Energy.
Here are the details of Cygni Energy's key team members:
- Venkat Rajaraman: Founder & CEO of Cygni Energy. They serve on the board of 1 company.
Cygni Energy's Board of Directors
Cygni Energy's board has 4 active members. Venkat Rajaraman, Srividhya Venkataraman and Rahul Saraogi are part of team and Rahul Saraogi is independent board member.Here is the list of Cygni Energy's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
uidkbqg | Team | - | Past | 7y 2m |
gtbwbvy | Team | - | Past | 9y 8m |
lrlcayp | Team | - | Current | 5y 5m |
drvqkfr | Team | - | Current | 1y 7m |
pnhbzfh | Investor | ykhtoxn | Past | 4y 9m |
suenqvz | Independent board member | - | Past | 2y 6m |
View details of Cygni Energy's Founder profiles and Board Members
Cygni Energy's employee count trend
Cygni Energy has 83 employees as of Aug 25. The total employee count is 7.0% lower than what it was in Aug 24. Here is Cygni Energy's employee count trend over the years:
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Cygni Energy's Competitors and alternates
Top competitors of Cygni Energy include A123 Systems, QuantumScape and SES Technologies. Here is the list of Top 10 competitors of Cygni Energy, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | _1591002989634.png?devicePixelRatio=2&height=30&width=30){kind=logo} A123 Systems 2001, Hangzhou (China), Public | Manufacturer of automotive lithium-ion batteries | $201M | 76/100 | |
2nd |  QuantumScape 2010, San Jose (United States), Public | Developer of solid-state lithium-metal battery technology for electric vehicle applications | $1B | 73/100 | |
3rd | _1591158709139.png?devicePixelRatio=2&height=30&width=30){kind=logo} SES Technologies 2012, Woburn (United States), Public | Developer of Li-Metal batteries and AI-powered battery management solutions | $336M | 72/100 | |
4th | Amprius Technologies 2009, Fremont (United States), Public | Developer of silicon nano-wire-based Li-Ion batteries | $55M | 72/100 | |
5th |  Sunwoda Electronic 1997, Shenzhen (China), Public | Manufacturer of lithium-ion batteries, energy storage systems, and related hardware | - | 71/100 | |
6th | 24m Technologies 2010, Cambridge (United States), Series H | Developer of battery technology for electric vehicles and energy storage | $500M | 69/100 | |
7th |  Neuron Energy 2018, Mumbai (India), Series A | Manufacturer of lithium-ion batteries for electric vehicles and energy storage | $9.61M | 69/100 | |
8th | Developer of battery solutions for energy security and sustainable e-mobility | $148M | 68/100 | ||
9th | Manufacturer of lithium ion battery cells for electric vehicle mobility | $1.34B | 68/100 | ||
10th |  Contemporary Amperex Technology 2011, Ningde (China), Public | Manufacturer of battery systems for electric vehicles and energy storage | - | 67/100 | |
49th |  Cygni Energy 2014, Hyderabad (India), Series B | Manufacturer of lithium-ion battery packs for electric vehicles and energy storage | $28.4M | 57/100 |
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Cygni Energy's Latest cap tables and shareholding
Founders own 22.48%, Funds (largest shareholder) own 60.60%, Enterprises own 0.00% and Angels own 2.52%. The net worth of Cygni Energy's founders is INR 56.2Cr as of Aug 19, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 22.48% | 56.2Cr | 4561318 | 1197469 | 5235099 | 4082997 |
4054232 | 6651118 | 5130133 | 8715240 | 7029030 | 2578780 | |
Fund | 60.60% | 152Cr | 3492779 | 2851783 | 1753400 | 1733321 |
7220653 | 7356166 | 1114252 | 3919934 | 4619387 | 4780519 | |
4070999 | 5167137 | 2119709 | 2884739 | 7203832 | 4306854 | |
3807130 | 9814728 | 3203886 | 8104843 | 6229966 | 1788474 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | - | 0 | 0 | 0 | 0 | 0 |
Angel | 2.52% | 6.3Cr | 57 | 19 | 93 | 55 |
Other People | 6.34% | 15.8Cr | 867995 | 927728 | 336845 | 593388 |
ESOP Pool | 8.06% | 20.2Cr | 8641689 | 2324247 | 8237316 | 2814899 |
Total | 100.00% | 250Cr | 4997090 | 3363526 | 7755135 | 8892043 |
To unlock detailed Cap Table of Cygni Energy Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Cygni Energy's Shareholding
Cygni Energy's Investments and acquisitions
Cygni Energy has a total of 1 investment in River Financial. Cygni Energy has not made any acquisitions as of now.Reports related to Cygni Energy
Here is the latest report on Cygni Energy's sector:
News related to Cygni Energy
Filter this listMedia has covered Cygni Energy for 1 event in last 1 year.
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Cygni Energy Unveils India’s First LEED-Certified Battery GigafactoryElectronicsforyou•May 01, 2025•Cygni Energy
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Cygni Energy partners with HiNa, the Global Leader in Sodium-Ion BatteriesBusinessnewsthisweek•Sep 19, 2024•Cygni Energy, HiNa Battery Technology
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Cygni Energy partners with XDLE Battery for Commercial & Industrial Energy Storage solutionsAsian News International•Sep 03, 2024•Cygni Energy, XDLE Battery
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Bitcoin (BTC), Lightning Network focused Tech Firm River Raises $35M via Series BCrowdfund Insider•May 18, 2023•River Financial, Kingsway Capital, Goldcrest Group, Cygni Energy and 14 others
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Cygni Energy: Cygni Energy is first firm to benefit from Start-Up IndiaIndiatimes•Mar 10, 2023•Cygni Energy
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Axelar Introduces $60 Million Startup Funding ProgramCoincu Financial Group•Dec 20, 2022•Axelar, DRAGONFLY, Blockchange, Chorus One and 12 others
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INDUSLAW Advises Cygni Energy On Fundraising DealBW Businessworld•Sep 06, 2022•Cygni Energy, Indian Overseas Bank, Good Capital, Lowercarbon Capital and 2 others
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
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