When was Pace Digitek founded?

Pace Digitek was founded in 2007 and raised its 1st funding round 17 years after it was founded.

Where is Pace Digitek located?

Pace Digitek is headquartered in Bengaluru, India. It is registered at Plot # V 12, Industrial Estate, Kumbalgodu, Bangalore Mysore Highway, Bangalore, Karnataka, India, 560074.

Which legal entities is Pace Digitek associated with?

Pace Digitek is associated with PACE DIGITEK LIMITED.

How many employees does Pace Digitek have?

As of Aug 31, 2025, the latest employee count at Pace Digitek is 1248.

Is Pace Digitek a funded company?

Pace Digitek is a funded company, having raised a total of $47.4M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Aug 01, 2024.

When was the latest funding round of Pace Digitek?

Pace Digitek's latest funding was a $***** Series A round on Jan 17, 2025, with participation from 12 investors.

What is the annual revenue of Pace Digitek?

Annual revenue of Pace Digitek is more than ₹1,000 Cr as on Mar 31, 2025

Where does Pace Digitek rank among its competitors?

Pace Digitek ranks 17th amongst 598 active competitors, of which 62 are funded. It stands 9th 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 Pace Digitek?

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

Pace Digitek - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of power management and optic fiber laying solutions. The company delivers energy management solutions. It offers services including optic fiber laying. The business specializes in telecom power and solar solutions.

Website: www.pacedigitek.com/
Social
Email ID: *****@pacedigitek.com
Phone Number: +91 **********
Registered Address: Plot # V 12, Industrial Estate, Kumbalgodu, Bangalore Mysore Highway, Bangalore, Karnataka, India, 560074

Key Metrics

Founded Year

2007

Location

Bengaluru, India

Stage

Public

Total Funding

$47.4M in 2 rounds

Latest Funding Round

Series A, Jan 17, 2025, $*****

Investors

NVS Consult & 161 more

Ranked

17^th among 598 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

1,248 as on Aug 31, 2025

Similar Companies

KORE Power & 162 more

Exit Details

Public

View Pace Digitek's full profile

Pace Digitek is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PACE DIGITEK LIMITED CIN: L31909KA2007PLC041949 , India, Active	Mar 01, 2007	₹1,000+ Cr (As on Mar 31, 2025)	1538 (As on Apr 30, 2026)

Pace Digitek got listed on Oct 06, 2025.

Click here to take a look at Pace Digitek's IPO in detail

Pace Digitek has raised a total funding of $47.4M over 2 rounds. Its first funding round was on Aug 01, 2024. Its latest funding round was a Series A round on Jan 17, 2025 for $*****. 12 investors participated in its latest round. Pace Digitek has 35 institutional investors and 127 angel investors.

Here is the list of recent funding rounds of Pace Digitek:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 17, 2025	3858986	Series A	9233366	3974605	3849340	5126922
Aug 01, 2024	8263292	Series A	1927724	1325520	Gktobaccoindustries	Open Opportunity Fund & 131 more

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View details of Pace Digitek's funding rounds and investors

The founders of Pace Digitek is Venugopalrao Venugopal Maddisetty.

Here are the details of Pace Digitek's key team members:

Venugopalrao Venugopal Maddisetty: Founder & Managing Director & Chairman of Pace Digitek.
Contact Info: 1 email address and 1 phone number

Pace Digitek's Board of Directors

Pace Digitek's board has 1 active member. Maddisetty Padma is independent board member.

Here is the list of Pace Digitek's board of directors:

Name	Type	Representing	Status	Duration
Maddisetty Padma	Independent board member	-	Current	19y 3m

View details of Pace Digitek's Founder profiles and Board Members

Pace Digitek's employee count trend

Pace Digitek has 1,248 employees as of Aug 25. The total employee count is 46.0% more than what it was in Aug 24. Here is Pace Digitek's employee count trend over the years:

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Top competitors of Pace Digitek include A123 Systems, Amperehour Solar Technology and Corvus Energy. Here is the list of Top 10 competitors of Pace Digitek, 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, Sequoia Capital & 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	66/100
3rd	Corvus Energy 2009, Nesttun (Norway), Acquired	Developer of energy storage systems (ESS) based on lithium NMC technology	$88.2M	Morgan Stanley, Equinor & 10 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	Pureev.in 2015, Hyderabad (India), Series A	Manufacturer of energy storage products and electric vehicles with lithium batteries	$21.8M	Hindustan Media Ventures, Bennett, Coleman ... & 33 others	63/100
7th	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
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 & 6 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
17th	Pace Digitek 2007, Bengaluru (India), Public	Provider of power management and optic fiber laying solutions	$47.4M	Parishi Capital, NVS Consult & 160 others	55/100