When was Flexitricity founded?

Flexitricity was founded in 2004 and raised its 1st funding round 1 year after it was founded.

Where is Flexitricity located?

Flexitricity is headquartered in Edinburgh, United Kingdom. It is registered at Mainpoint, 102 West Port, Edinburgh, Scotland, EH3 9DN.

Which legal entities is Flexitricity associated with?

Flexitricity is associated with FLEXITRICITY LIMITED.

How many employees does Flexitricity have?

As of Mar 31, 2025, the latest employee count at Flexitricity is 75.

Is Flexitricity a funded company?

Flexitricity is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2005.

When was the latest funding round of Flexitricity?

Flexitricity's latest funding was a $***** Grant (prize money) round on Sep 11, 2018, with participation from 1 investor. Its primary sector is Smart Grid. In United Kingdom, the Smart Grid sector has seen $112M in funding in 2026 to date.

What is the annual revenue of Flexitricity?

Annual revenue of Flexitricity is less than £1M as on Mar 31, 2025

Where does Flexitricity rank among its competitors?

Flexitricity ranks 119th amongst 4561 active competitors, of which 596 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Sense, which secured an undisclosed amount in Jan, 2026.

Who are the top competitors of Flexitricity?

Flexitricity's top competitors include SPAN, Landis+Gyr and Enel X. Among them, Sense secured the most recent funding round in January, 2026.

Flexitricity - 2026 Company Profile, Team, Funding, Competitors & Financials

Flexitricity is an acquired company based in Edinburgh (United Kingdom), founded in 2004 by Alastair Martin. It operates as a Provider of demand response services to National Grid in Britain. Flexitricity has raised an undisclosed amount in funding. The company has 4561 active competitors, including 596 funded and 429 that have exited. Its top competitors include companies like SPAN, Landis+Gyr and Enel X.

Company Details

Provider of demand response services to National Grid in Britain. Their solutions include aggregated STOR and FCDM, Footroom and demand turn-up, post-fault despatch for distribution networks, and demand-side smart frequency control (SFC). Footroom, a demand turn-up service designed to make use of excess wind power by including industrial, commercial and public-sector sites paid to decrease generation or increase electricity consumption on request as per demand and supply.

Website: flexitricity.com
Social
Email ID: *****@flexitricity.com
Phone Number: +44 **********
Registered Address: Mainpoint, 102 West Port, Edinburgh, Scotland, EH3 9DN

Key Metrics

Founded Year

2004

Location

Edinburgh, United Kingdom

Stage

Acquired

Latest Funding Round

Grant (prize money), Sep 11, 2018, $*****

Investors

Gov & 1 more

Ranked

119^th among 4561 active competitors

Annual Revenue

£0 - £1M as on Mar 31, 2025

Employee Count

75 as on Mar 31, 2025

Similar Companies

SPAN & 5973 more

Exit Details

Acquired by Drax (Jan 21, 2026)

View Flexitricity's full profile

Flexitricity is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
FLEXITRICITY LIMITED CIN: SC263298 , United Kingdom, Active	Feb 10, 2004	£0 - £1M (As on Mar 31, 2025)	75 (As on Mar 31, 2025)

Flexitricity got acquired by Drax on Jan 21, 2026.

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

Flexitricity has raised funding over 2 rounds. Its first funding round was on 2005. Its latest funding round was a Grant (prize money) round on Sep 11, 2018 for $*****. 1 investor participated in its latest round. Flexitricity has 2 institutional investors.

Here is the list of recent funding rounds of Flexitricity:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 11, 2018	5642253	Grant (prize money)	9600364	3597834	6785721	2311000
2005	9185	Seed	8419	6316	1794	Archangels

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View details of Flexitricity's funding rounds and investors

The founders of Flexitricity is Alastair Martin. Andy Lowe is the CEO of Flexitricity.

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

Alastair Martin: Chief Strategy Officer, Founder of Flexitricity.
Andy Lowe: CEO of Flexitricity.
Contact Info: 1 email address

View details of Flexitricity's Founder profiles and Board Members

Flexitricity's employee count trend

Flexitricity has 75 employees as of Mar 25. The total employee count is 9.0% more than what it was in Mar 24. Here is Flexitricity's employee count trend over the years:

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Top competitors of Flexitricity include SPAN, Landis+Gyr and Enel X. Here is the list of Top 10 competitors of Flexitricity, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	SPAN 2014, San Francisco (United States), Series C	Smart energy management technology platform that modernizes residential electrical systems	$419M	Wellington, Fifth Wall & 35 others	74/100
2nd	Landis+Gyr 1896, Cham (Switzerland), Acquired	Manufacturer of electric meters and grid edge data management software	$1.03B	Triodos Investment Management, Hudson Clean Energy Partners ... & 3 others	73/100
3rd	Enel X 2001, Boston (United States), Acquired	Developer of utility-scale renewable energy projects	$169M	Foundation Capital, Glen Capital & 9 others	71/100
4th	Bidgely 2011, Mountain View (United States), Series C	Provider of a solution for consumers to monitor and manage their household energy use	$87.7M	Khosla Ventures, Georgian & 12 others	71/100
5th	Phononic 2009, Durham (United States), Series F	Providing solid state thermal management solutions	$230M	Oak Investment Partners, Venrock & 19 others	69/100
6th	Deako 2015, Seattle (United States), Series B	Manufacturer of modular smart lighting systems and related accessories	$65.1M	Kinetic Ventures, Tandem Capital & 10 others	69/100
7th	Smart Joules 2014, Delhi (India), Series B	Provider of AI-powered energy efficiency solutions for commercial buildings	$20.7M	Asian Development Bank, Aarem Ventures & 26 others	69/100
8th	Metronome 2020, San Francisco (United States), Acquired	Usage-based invoice management solutions for small businesses	$128M	New Enterprise Associates, Andreessen Horowitz ... & 20 others	69/100
9th	Sense 2013, Cambridge (United States), Series D	Smart energy platform providing real-time electricity usage insights for homes and utilities	$177M	Energy Impact Partners, IDO Investments & 21 others	68/100
10th	Uplight 2019, Boulder (United States), Acquired	AI and SaaS-driven solutions for energy monitoring in residential and commercial buildings	$30M	Schneider Electric, AES & 3 others	67/100
119th	Flexitricity 2004, Edinburgh (United Kingdom), Acquired	Provider of demand response services to National Grid in Britain	-	Gov, Archangels	52/100