When was Novele founded?

Novele was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Novele located?

Novele is headquartered in New York City, United States.

How many employees does Novele have?

As of Sep 30, 2026, the latest employee count at Novele is 29.

Is Novele a funded company?

Novele is a funded company, having raised a total of $17.2M across 4 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Jul 2015.

When was the latest funding round of Novele?

Novele's latest funding was a $***** Series A round on Sep 30, 2026, with participation from 2 investors.

Where does Novele rank among its competitors?

Novele ranks 27th amongst 605 active competitors, of which 62 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was GridCARE, which secured $64M in May, 2026.

Who are the top competitors of Novele?

Novele's top competitors include A123 Systems, Amperehour Solar Technology and Corvus Energy. Among them, Novele secured the most recent funding round in September, 2026.

Novele - 2026 Company Profile, Funding & Competitors

Novele is a series A company based in New York City (United States), founded in 2015. It operates as a Behind-the-meter Energy Storage solutions. Novele has raised $17.2M in funding from URBAN-X. The company has 605 active competitors, including 62 funded and 45 that have exited. Its top competitors include companies like A123 Systems, Amperehour Solar Technology and Corvus Energy.

Company Details

Novele is a behind-the-meter residential battery storage system which is just 1.8 inch thick for their 10 kWh product. The unit has an inbuilt 5 kW inverter thus providing direct AC from the battery itself. Apart from a 10 kW AC version their is an additional 20 kW DC Energy Board. The battery system has an in-built BMS which can be accessed through the cloud and further details can be known about the usage through the online dashboard. The company claims a 98% round trip efficiency for the power storage unit.

Website: www.novele.com/
Email ID: *****@novele.com

Key Metrics

Founded Year

2015

Location

New York City, United States

Stage

Series A

Total Funding

$17.2M in 4 rounds

Latest Funding Round

Series A, Sep 30, 2026, $*****

Investors

URBAN-X & 3 more

Ranked

27^th among 605 active competitors

Employee Count

29 as on Sep 30, 2026

Similar Companies

KORE Power & 164 more

View Novele's full profile

Novele has raised a total funding of $17.2M over 4 rounds. Its first funding round was on Jul 2015. Its latest funding round was a Series A round on Sep 30, 2026 for $*****. 2 investors participated in its latest round. Novele has 3 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Novele:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 30, 2026	6705133	Series A	6278460	6228770	2305392	9297728
Mar 29, 2023	4742550	Seed	8098335	5632190	5682186	2673901
2018	8539	Seed	3171	7497	4850	Techstars

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View details of Novele's funding rounds and investors

Novele's employee count trend

Novele has 29 employees as of Sep 26. Here is Novele's employee count trend over the years:

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Top competitors of Novele include A123 Systems, Amperehour Solar Technology and Corvus Energy. Here is the list of Top 10 competitors of Novele, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	A123 Systems 2001, Hangzhou (China), Public	Manufacturer of automotive lithium-ion batteries	$201M	General Electric, DTE Energy Ventures & 19 others	76/100
2nd	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
3rd	Corvus Energy 2009, Nesttun (Norway), Acquired	Developer of energy storage systems (ESS) based on lithium NMC technology	$88.3M	Equinor, Morgan Stanley & 11 others	66/100
4th	Farasis Energy 2002, Nanchang (China), Public	Manufacturer of lithium-ion batteries for electric vehicles and energy storage	$793M	Mercedes-Benz, China Venture Capital & 15 others	66/100
5th	Microvast 2006, Stafford (United States), Public	Manufacturer of lithium-ion battery solutions for transportation, heavy equipment, and storage	$430M	IFC, Ashmore & 7 others	64/100
6th	GridCARE 2024, Redwood City (United States), Series A	Provider of AI data center power solutions leveraging existing grid infrastructure	$77.5M	Temasek, Xora Innovation & 20 others	63/100
7th	PURE EV 2015, Hyderabad (India), Series A	Manufacturer of energy storage products and electric vehicles with lithium batteries	$21.8M	Bennett, Coleman, Hindustan Media Ventures ... & 33 others	62/100
8th	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
9th	Flower 2020, Stockholm (Sweden), Series A	Provider of energy storage solutions	$109M	Northzone, 82an Invest & 6 others	61/100
10th	nine.energy 2020, United States, Late Stage	Developer of community-scale battery energy storage systems for electric grid	$325M	Manulife Investment Management, Deutsche Bank ... & 4 others	58/100
27th	Novele 2015, New York City (United States), Series A	Behind-the-meter Energy Storage solutions	$17.2M	Techstars, URBAN-X & 2 others	53/100