When was Exowatt founded?

Exowatt was founded in 2023 and raised its 1st funding round within a year of its incorporation.

Where is Exowatt located?

Exowatt is headquartered in Miami, United States. It is registered at 1 LETTERMAN DR STE C3500,SAN FRANCISCO,CA,94129,0.

Who is the current CEO of Exowatt?

Hannan H of Exowatt. They have also founded 1 company.

How many employees does Exowatt have?

As of Aug 31, 2026, the latest employee count at Exowatt is 94.

Is Exowatt a funded company?

Exowatt is a funded company, having raised a total of $105M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2023.

When was the latest funding round of Exowatt?

Exowatt's latest funding was a $***** Series A round on Nov 13, 2025, with participation from 15 investors. Its primary sector is Solar Energy. In United States, the Solar Energy sector has seen $3.95B in funding in 2026 to date.

Where does Exowatt rank among its competitors?

Exowatt ranks 5th amongst 1256 active competitors, of which 24 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was SunPower, which secured $26.2M in Sep, 2026.

Who are the top competitors of Exowatt?

Exowatt's top competitors include Sunnova, SolarCity and 3Degrees. Among them, SunPower secured the most recent funding round in September, 2026.

Exowatt - 2026 Company Profile, Team, Funding & Competitors

Exowatt is a series A company based in Miami (United States), founded in 2023 by Sushrut Bapat, PhD, Hannan H and Jack Abraham. It operates as a Provider of modular full-stack renewable energy solutions for commercial and industrial customers. Exowatt has raised $105M in funding from investors like Felicis Ventures, MVP Ventures and 8090 Industries. The company has 1256 active competitors, including 24 funded and 47 that have exited. Its top competitors include companies like Sunnova, SolarCity and 3Degrees.

Company Details

Exowatt is focused on enabling decarbonization through electrification by providing modular full-stack renewable energy solutions for commercial and industrial customers. Their unique approach involves storing heat instead of electricity, allowing them to store energy at a fraction of the cost of electrochemical methods. The company recently launched with $20 million in funding to modernize data center power for the AI era.

Website: www.exowatt.com/
Social
Email ID: *****@exowatt.com
Registered Address: 1 LETTERMAN DR STE C3500,SAN FRANCISCO,CA,94129,0

Key Metrics

Founded Year

2023

Location

Miami, United States

Stage

Series A

Total Funding

$105M in 5 rounds

Latest Funding Round

Series A, Nov 13, 2025, $*****

Investors

Felicis Ventures & 24 more

Ranked

5^th among 1256 active competitors

Employee Count

94 as on Aug 31, 2026

Similar Companies

BECIS & 565 more

View Exowatt's full profile

Exowatt is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
EXOWATT, INC. CIN: 32087507813 , United States, Active	Dec 12, 2022	-	-	-

Exowatt has raised a total funding of $105M over 5 rounds. Its first funding round was on 2023. Its latest funding round was a Series A round on Nov 13, 2025 for $*****. 15 investors participated in its latest round. Exowatt has 22 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Exowatt:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 13, 2025	4225386	Series A	5957894	7466184	1221127	1174947
Apr 22, 2025	4062759	Conventional Debt	2343360	4927511	6712615	HSBC Innovation Banking
Apr 22, 2025	8624012	Series A	8722375	6425930	Felicis Ventures	Andreessen Horowitz & 10 more

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View details of Exowatt's funding rounds and investors

The founders of Exowatt are Sushrut Bapat, PhD, Hannan H and Jack Abraham. Hannan H is the CEO of Exowatt.

Here are the details of Exowatt's key team members:

Sushrut Bapat, PhD: Co-Founder of Exowatt and founder of 1 other company.
Hannan H: Co-Founder & CEO of Exowatt and founder of 1 other company.
Contact Info: 1 email address
Jack Abraham: Co-Founder of Exowatt.
Contact Info: 1 email address

View details of Exowatt's Founder profiles and Board Members

Exowatt's employee count trend

Exowatt has 94 employees as of Aug 26. Here is Exowatt's employee count trend over the years:

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Top competitors of Exowatt include Sunnova, SolarCity and 3Degrees. Here is the list of Top 10 competitors of Exowatt, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sunnova 2010, Houston (United States), Public	A residential solar and energy storage provider	$1.54B	Triangle Peak Partners, ECP & 9 others	77/100
2nd	SolarCity 2006, San Mateo (United States), Acquired	Provider of home solar energy solutions and systems for clean, renewable energy production and management	$1.28B	Silver Lake, Valor Equity Partners & 24 others	72/100
3rd	3Degrees 2007, San Francisco (United States), Series B	Energy Services Company	$9.98M	Reaction, American Refining Group	64/100
4th	SunPower 1985, Orem (United States), Series D	SunPower – Powering a Brighter Future \| SunPower®	$164M	Foris Ventures, Sand Hill Road & 1 others	57/100
5th	Exowatt 2023, Miami (United States), Series A	Provider of modular full-stack renewable energy solutions for commercial and industrial customers	$105M	Dragon Global, Felicis Ventures & 23 others	57/100
6th	Alpha Generation 2017, Houston (United States), Series D	Provider of power generation facilities	$1.5B	ADIA, CPP Investments	50/100
7th	Wunder 2013, Boulder (United States), Series C	Provider of renewable energy solutions for accredited investors	$64.9M	Fenway Summer Ventures, FinTech Collective ... & 4 others	50/100
8th	SOLV Energy 2008, San Diego (United States), Public	Developer of diversified style of solar panels	-	-	48/100
9th	Gritt Robotics 2022, San Francisco (United States), Series A	AI-powered robotics company focused on automating the construction of renewable energy infrastructures	$32.4M	Obvious Ventures, First Round Capital & 5 others	46/100
10th	All Energy Solar 2009, Saint Paul (United States), Unfunded	Provider of solar panel installation services for residential & commercial	-	-	45/100