Where is FAVEOS located?

FAVEOS is headquartered in Hannover, Germany.

Is FAVEOS a funded company?

FAVEOS is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does FAVEOS rank among its competitors?

FAVEOS ranks 70th amongst 447 active competitors, of which 58 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Viridi Parente, which secured $20M in Feb, 2026.

Who are the top competitors of FAVEOS?

FAVEOS's top competitors include Wartsila, Statcon Energiaa and Alsym Energy. Among them, Viridi Parente secured the most recent funding round in February, 2026.

FAVEOS - 2026 Company Profile & Competitors

FAVEOS is an unfunded company based in Hannover (Germany), founded in 2017. It operates as a Developer of energy storage systems. FAVEOS has not raised any funding yet. The company has 447 active competitors, including 58 funded and 21 that have exited. Its top competitors include companies like Wartsila, Statcon Energiaa and Alsym Energy.

Company Details

Developer of energy storage systems. It specializes in the development and implementation of large-scale battery storage and photovoltaic systems, focusing on renewable energy production and storage solutions.

Key Metrics

Founded Year

2017

Location

Hannover, Germany

Stage

Unfunded

Ranked

70^th among 447 active competitors

Similar Companies

Wartsila & 485 more

View FAVEOS's full profile

FAVEOS has not raised any funding rounds yet.

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Top competitors of FAVEOS include Wartsila, Statcon Energiaa and Alsym Energy. Here is the list of Top 10 competitors of FAVEOS, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Wartsila 1834, Vaasa (Finland), Acquired	Provider of technologies and lifecycle solutions for the marine and energy markets	-	BlackRock, Investor & 2 others	73/100
2nd	Statcon Energiaa 1991, Noida (India), Acquired	Vertically integrated company that manufactures solar power electronics and provides solar EPC services	-	-	64/100
3rd	Alsym Energy 2015, Woburn (United States), Series B	Provider of non-flammable battery solutions	$104M	Tata Group, General Catalyst & 5 others	64/100
4th	On.Energy 2016, Miami (United States), Series B	Developer of energy storage technologies	$20M	Ultra Capital, Lombard Odier & 1 others	60/100
5th	Connected Energy 2010, Newcastle Upon Tyne (United Kingdom), Series B	Provider of battery energy storage systems for various industries	$36.4M	Macquarie, Engie & 13 others	57/100
6th	Viridi Parente 2009, Buffalo (United States), Series C	Manufacturer of modular lithium-ion battery energy storage systems for various applications	$115M	National Grid Partners, Ashtead Group & 1 others	55/100
7th	Newen Systems 2020, Vadodara (India), Funding Raised	Provider of battery energy storage systems and power electronics solutions	-	Norfund, TPG	55/100
8th	HESStec 2018, Paterna (Spain), Series B	Developer of energy storage systems using proprietary power electronics and algorithms	$16.4M	Elewit, RIC Energy & 5 others	55/100
9th	Powerstar 2001, Sheffield (United Kingdom), Seed	Provider of commercial energy solutions including voltage optimisation and battery storage	-	SCF Partners, HSBC & 1 others	55/100
10th	Saft 1913, Levallois Perret (France), Acquired	Manufacturer of lithium-Ion battery	-	-	55/100
70th	FAVEOS 2017, Hannover (Germany), Unfunded	Developer of energy storage systems	-	-	34/100