When was PowerFlex founded?

PowerFlex was founded in 2017 and raised its 1st funding round within a year of its incorporation.

Where is PowerFlex located?

PowerFlex is headquartered in San Diego, United States.

How many employees does PowerFlex have?

As of Sep 30, 2026, the latest employee count at PowerFlex is 258.

Is PowerFlex a funded company?

PowerFlex is a funded company, having raised a total of $100M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 11, 2017.

When was the latest funding round of PowerFlex?

PowerFlex's latest funding was a $***** Series A round on Dec 13, 2022, with participation from 1 investor.

Where does PowerFlex rank among its competitors?

PowerFlex ranks 2nd amongst 2267 active competitors, of which 101 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Origis Energy, which secured $900M in Jun, 2026.

Who are the top competitors of PowerFlex?

PowerFlex's top competitors include Enel X, Southern and Origis Energy. Among them, Origis Energy secured the most recent funding round in June, 2026.

PowerFlex - 2026 Company Profile, Funding & Competitors

PowerFlex is an acquired company based in San Diego (United States), founded in 2017. It operates as a Provider of renewable energy project development services. PowerFlex has raised $100M in funding from Wells Fargo Innovation Incubator. The company has 2267 active competitors, including 101 funded and 184 that have exited. Its top competitors include companies like Enel X, Southern and Origis Energy.

Company Details

Website: www.powerflex.com/
Social
Email ID: *****@powerflexsystems.com
Phone Number: +1 **********

Key Metrics

Founded Year

2017

Location

San Diego, United States

Stage

Acquired

Total Funding

$100M in 5 rounds

Latest Funding Round

Series A, Dec 13, 2022, $*****

Investors

Wells Fargo Innovation Incubator & 4 more

Ranked

2^nd among 2267 active competitors

Employee Count

258 as on Sep 30, 2026

Similar Companies

CleanMax & 1763 more

Exit Details

Acquired by EDF Renewable Energy (Sep 03, 2019)

View PowerFlex's full profile

PowerFlex got acquired by EDF Renewable Energy on Sep 03, 2019.

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

PowerFlex has raised a total funding of $100M over 5 rounds. Its first funding round was on Jan 11, 2017. Its latest funding round was a Series A round on Dec 13, 2022 for $*****. 1 investor participated in its latest round. PowerFlex has 5 institutional investors.

Here is the list of recent funding rounds of PowerFlex:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 13, 2022	6554583	Series A	1306201	8201146	6460804	3324214
Sep 01, 2018	5491424	Grant (prize money)	7202537	5077866	1973026	America’s Seed Fund
Sep 13, 2017	4111525	Grant (prize money)	1646555	2167804	5786134	CalSEED

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View details of PowerFlex's funding rounds and investors

PowerFlex's employee count trend

PowerFlex has 258 employees as of Sep 26. Here is PowerFlex's employee count trend over the years:

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Top competitors of PowerFlex include Enel X, Southern and Origis Energy. Here is the list of Top 10 competitors of PowerFlex, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Enel X 2001, Boston (United States), Acquired	Developer of utility-scale renewable energy projects	$168M	Foundation Capital, Glen Capital & 9 others	75/100
2nd	PowerFlex 2017, San Diego (United States), Acquired	Provider of renewable energy project development services	$100M	Manulife Investment Management, Innovation Incubator ... & 3 others	72/100
3rd	Southern 1912, Atlanta (United States), Public	Provider of energy utility, natural gas, and communications technology fund	-	DOE, Alliance Holdings & 2 others	69/100
4th	Origis Energy 2008, Miami (United States), Acquired	Utility Scale and commercial solar project developer	$149M	Nomura, CIT & 10 others	66/100
5th	Hillman Group 1964, Cincinnati (United States), Public	Provider of hardware and home improvement products to retail markets	-	HarbourVest Partners, Rotunda Capital Partners ... & 8 others	62/100
6th	NextEra Energy Resources 1925, Juno Beach (United States), Public	Developer of wind and solar energy power projects	-	OSTI	62/100
7th	SolarMax Technology 2008, Riverside (United States), Public	Residential solar solution developer	$19.5M	-	62/100
8th	Edison 1886, Rosemead (United States), Public	Developer of wind energy projects	-	Greyrock Investments, CSC Upshot Ventures ... & 1 others	61/100
9th	Ameresco 2000, Framingham (United States), Public	Provider of integrated energy infrastructure, power generation, and modernization solutions	-	OSTI	61/100
10th	Idaho Power 1916, Boise (United States), Funding Raised	Solar panel & products installation company	-	OSTI, USGS	60/100