When was Kyoto Group founded?

Kyoto Group was founded in 2016 and raised its 1st funding round 7 years after it was founded.

Where is Kyoto Group located?

Kyoto Group is headquartered in Lysaker, Norway.

How many employees does Kyoto Group have?

As of Mar 31, 2026, the latest employee count at Kyoto Group is 46.

Is Kyoto Group a funded company?

Kyoto Group is a funded company, having raised a total of $13.1M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 11, 2023.

When was the latest funding round of Kyoto Group?

Kyoto Group's latest funding was a $***** Series A round on Jun 22, 2023, with participation from 2 investors.

What is the annual revenue of Kyoto Group?

Annual revenue of Kyoto Group is less than $1M as on Dec 31, 2023

Where does Kyoto Group rank among its competitors?

Kyoto Group ranks 24th amongst 263 active competitors, of which 72 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Form Energy, which secured $750M in Aug, 2026.

Who are the top competitors of Kyoto Group?

Kyoto Group's top competitors include Northvolt, Form Energy and Amperehour Solar Technology. Among them, Form Energy secured the most recent funding round in August, 2026.

Kyoto Group - 2026 Company Profile, Team, Funding, Competitors & Financials

Kyoto Group is a series A company based in Lysaker (Norway), founded in 2016. It operates as a Provider of thermal energy storage solutions for industrial process heat applications. Kyoto Group has raised $13.1M in funding from Spirax-Sarco Engineering and Iberdrola. The company has 263 active competitors, including 72 funded and 14 that have exited. Its top competitors include companies like Northvolt, Form Energy and Amperehour Solar Technology.

Company Details

Provider of thermal energy storage solutions for industrial process heat applications. The company delivers decarbonized process heat, replacing fossil-fired boilers with thermal battery technology. It offers two delivery models: fully managed service and direct purchase. The company integrates its technology into existing systems, providing monitoring, optimization, and energy management.

Website: www.kyotogroup.no
Email ID: *****@kyotogroup.no

Key Metrics

Founded Year

2016

Location

Lysaker, Norway

Stage

Series A

Total Funding

$13.1M in 2 rounds

Latest Funding Round

Series A, Jun 22, 2023, $*****

Investors

Spirax-Sarco Engineering & 1 more

Ranked

24^th among 263 active competitors

Annual Revenue

$0 - $1M as on Dec 31, 2023

Employee Count

46 as on Mar 31, 2026

Similar Companies

MGA Thermal & 19 more

View Kyoto Group's full profile

Kyoto Group is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
KYOTO GROUP AS CIN: 917001790 , Norway, Active		-	21 (As on Dec 31, 2022)
Kyoto Group AS CIN: 917001790 , Norway, Active		$0 - $1M (As on Dec 31, 2023)	-

Kyoto Group has raised a total funding of $13.1M over 2 rounds. Its first funding round was on Jan 11, 2023. Its latest funding round was a Series A round on Jun 22, 2023 for $*****. 2 investors participated in its latest round. Kyoto Group has 2 institutional investors.

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 22, 2023	8953524	Series A	2895929	6552766	5432773	3656732
Jan 11, 2023	9782302	Series A	1433327	1592490	2004015	8562445

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View details of Kyoto Group's funding rounds and investors

Kyoto Group's Board of Directors

Kyoto Group's board has 3 active members. Lars Holme Villadsen is part of team and Christina Aabo and Henrik Tordrup are independent board members.

Here is the list of Kyoto Group's board of directors:

Name	Type	Representing	Status	Duration
gkunpwa	Team	-	Current	2y 1m
Christina Aabo	Independent board member	-	Current	-
nsfweiy	Independent board member	-	Current	1y 3m

Kyoto Group's employee count trend

Kyoto Group has 46 employees as of Mar 26. Here is Kyoto Group's employee count trend over the years:

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Top competitors of Kyoto Group include Northvolt, Form Energy and Amperehour Solar Technology. Here is the list of Top 10 competitors of Kyoto Group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Northvolt Stockholm (Sweden), Acquired	Manufacturer of lithium-ion batteries for electric vehicles	$9B	Goldman Sachs, Volkswagen & 52 others	71/100
2nd	Form Energy 2017, Somerville (United States), Series G	Clean energy technology platform developing long-duration iron-air battery systems	$2B	T. Rowe Price, ArcelorMittal & 44 others	69/100
3rd	Amperehour Solar Technology 2017, Pune (India), Series A	Provider of energy storage systems and energy management platform solutions	$7.45M	VHGB, Wellfound & 23 others	68/100
4th	VFlow Tech 2018, Singapore (Singapore), Series A	Manufacturer of vanadium redox flow batteries for energy storage systems	$33.5M	Granite Asia, PSA International & 34 others	65/100
5th	PowerX 2021, Minato (Japan), Public	Manufacturer of stationary battery storage systems and related energy services	$129M	Nippon Gases, Sompo & 37 others	64/100
6th	Sunamp 2006, Edinburgh (United Kingdom), Series B	Manufacturer of thermal energy storage solutions for homes and buildings	$30.4M	Equity Gap, Par Equity & 49 others	64/100
7th	Noon 2018, Palo Alto (United States), Series A	Provider of solutions for flow batteries	$31M	Clean Energy Ventures, Aramco Ventures & 14 others	64/100
8th	Verlume 2013, Inverurie (United Kingdom), Series A	Manufacturer of subsea battery systems and intelligent energy management technology	$12.3M	Par Equity, The Scottish National Investment Bank ... & 37 others	62/100
9th	KORE Power 2018, Idaho Falls (United States), Acquired	Developer of battery cells, energy storage systems, and e-mobility solutions	$75.1M	Siemens, ADS Ventures & 7 others	61/100
10th	Electrified Thermal 2021, Medford (United States), Series B	Developer of novel heat battery for energy storage solutions	$23.5M	Clean Energy Ventures, Starlight Ventures ... & 13 others	61/100
24th	Kyoto Group 2016, Lysaker (Norway), Series A	Provider of thermal energy storage solutions for industrial process heat applications	$13.1M	Iberdrola & 1 others	53/100