When was Ignitis Group founded?

Ignitis Group was founded in 1991 and raised its 1st funding round 28 years after it was founded.

Where is Ignitis Group located?

Ignitis Group is headquartered in Vilnius, Lithuania.

Who is the current CEO of Ignitis Group?

Darius Maikstenas of Ignitis Group.

How many employees does Ignitis Group have?

As of Aug 31, 2026, the latest employee count at Ignitis Group is 2100.

Is Ignitis Group a funded company?

Ignitis Group is a funded company, having raised an undisclosed amount across 4 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Sep 13, 2019.

When was the latest funding round of Ignitis Group?

Ignitis Group's latest funding was a $***** Conventional Debt round on Sep 23, 2020, with participation from 1 investor. Its primary sector is Bioenergy. In Lithuania, the Bioenergy sector has seen $57M in funding in 2026 to date.

Where does Ignitis Group rank among its competitors?

Ignitis Group ranks 1st amongst 10 active competitors, none of which are funded.

Who are the top competitors of Ignitis Group?

Ignitis Group's top competitors include Jegaines.lt, Energia Futura and Incomsystems. Among them, Ignitis Group secured the most recent funding round in September, 2020.

Ignitis Group - 2026 Company Profile, Team, Funding & Competitors

Ignitis Group is a public company based in Vilnius (Lithuania), founded in 1991. It operates as an Operator of electrical power distribution networks and renewable energy assets. Ignitis Group has raised an undisclosed amount in funding. The company has 10 active competitors, including 1 that has exited. Its top competitors include companies like Jegaines.lt, Energia Futura and Incomsystems.

Company Details

Operator of electrical power distribution networks and renewable energy assets. Business activities include the management of electrical and gas grid infrastructure, the development of renewable generation capacity, and the provision of energy reserves for system reliability. Additional operations encompass the supply of electricity and gas to consumers alongside the deployment of electric vehicle charging infrastructure.

Website: ignitisgrupe.lt
Social
Email ID: *****@ignitis.lt
Phone Number: +370 **********

Key Metrics

Founded Year

1991

Location

Vilnius, Lithuania

Stage

Public

Latest Funding Round

Conventional Debt, Sep 23, 2020, $*****

Investors

European Investment Bank & 1 more

Ranked

1^st among 10 active competitors

Employee Count

2,100 as on Aug 31, 2026

Investment & Acquisitions

Invall

Similar Companies

Rays Power Infra & 3596 more

Exit Details

Public

View Ignitis Group's full profile

Ignitis Group got listed on Oct 07, 2020.

Click here to take a look at Ignitis Group's IPO in detail

Ignitis Group has raised funding over 4 rounds. Its first funding round was on Sep 13, 2019. Its latest funding round was a Conventional Debt round on Sep 23, 2020 for $*****. 1 investor participated in its latest round. Ignitis Group has 2 institutional investors.

Here is the list of recent funding rounds of Ignitis Group:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 23, 2020	8675087	Conventional Debt	9820449	8311556	2564529	8965509
Sep 18, 2020	2229679	Unattributed	8522870	6881324	8790808	EBRD
Mar 10, 2020	8518051	Conventional Debt	7176657	6879598	1837652	European Investment Bank

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View details of Ignitis Group's funding rounds and investors

Ignitis Group's employee count trend

Ignitis Group has 2,100 employees as of Aug 26. Here is Ignitis Group's employee count trend over the years:

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Top competitors of Ignitis Group include Jegaines.lt, Energia Futura and Incomsystems. Here is the list of Top 10 competitors of Ignitis Group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ignitis Group 1991, Vilnius (Lithuania), Public	Operator of electrical power distribution networks and renewable energy assets	-	European Investment Bank, EBRD	50/100
2nd	Jegaines.lt 2009, Kaunas (Lithuania), Unfunded	Full-end service provider in wind energy sector	-	-	24/100
3rd	Energia Futura 2016, Kaunas (Lithuania), Unfunded	Provider of solar panel installation services	-	-	21/100
4th	Incomsystems 2016, Vilnius (Lithuania), Unfunded	Provider of solar panel installation services	-	-	16/100
5th	ATEX AG 2012, Kaunas (Lithuania), Unfunded	Developer of wind energy projects	-	-	16/100
6th	Anyksciai 2022, Anyksciai (Lithuania), Unfunded	Construction phase wind farm	-	-	16/100
7th	Solarteka 2017, Trakai (Lithuania), Unfunded	Developer of solar energy projects	-	-	16/100
8th	Tavo Saules Elektrine 2017, Mazeikiai (Lithuania), Unfunded	Developer of solar energy projects	-	-	16/100
9th	Rokiškis 2022, Panevezys (Lithuania), Unfunded	Developer of wind power project	-	-	16/100
10th	I + D Energías Lithuania 2007, Vilnius (Lithuania), Deadpooled	EPC and O&M service provider for solar energy	-	-	16/100