When was Promethean Energy founded?

Promethean Energy was founded in 2014 and raised its 1st funding round 2 years after it was founded.

Where is Promethean Energy located?

Promethean Energy is headquartered in Mumbai, India. It is registered at PLOT NO. A-451, TTC INDUSTRIAL AREA, MIDC MAHAPE , MUMBAI, Thane, Thane, Thane, Maharashtra, India, 400710.

Who is the current CEO of Promethean Energy?

Ashwin Krishna K P of Promethean Energy. They have also founded 1 company.

Which legal entities is Promethean Energy associated with?

Promethean Energy is associated with PROMETHEAN ENERGY PRIVATE LIMITED.

How many employees does Promethean Energy have?

As of Aug 31, 2025, Promethean Energy has 36 employees, reflecting a 57% year-over-year growth in headcount.

Is Promethean Energy a funded company?

Promethean Energy is a funded company, having raised a total of $2.49M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 25, 2016.

How much is Promethean Energy worth?

The latest valuation of Promethean Energy is ₹***** as of Sep 05, 2025.

When was the latest funding round of Promethean Energy?

Promethean Energy's latest funding was a $***** Seed round on May 06, 2025, with participation from 5 investors. Its primary sector is Energy Efficiency Tech. In India, the Energy Efficiency Tech sector has seen $15M in funding in 2026 to date.

What is the annual revenue of Promethean Energy?

Annual revenue of Promethean Energy is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Promethean Energy rank among its competitors?

Promethean Energy ranks 2nd amongst 82 active competitors, of which 18 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Promethean Energy, which secured $2M in May, 2025.

Who are the top competitors of Promethean Energy?

Promethean Energy's top competitors include Enerdrape, Climeon and iHandal. Among them, Promethean Energy secured the most recent funding round in May, 2025.

Promethean Energy - 2026 Company Profile, Team, Funding, Competitors & Financials

Promethean Energy is a seed company based in Mumbai (India), founded in 2014 by Rajat Agarwal and Ashwin Krishna K P. It operates as a Provider of industrial thermal waste heat recovery and energy solutions. Promethean Energy has raised $2.49M in funding from Sangam Ventures and Transition VC, with a current valuation of ₹*****. The company has 82 active competitors, including 18 funded and 8 that have exited. Its top competitors include companies like Enerdrape, Climeon and iHandal.

Company Details

Provider of industrial thermal waste heat recovery and energy solutions. The company offers internet-of-things enabled heat recovery systems for industrial applications. Product lines include heat recovery from air compressors, flue gases, and chillers. They also provide effluent heat recovery and high-temperature heat pumps. Custom heat recovery systems are available for specific industrial needs.

Website: www.prometheanenergy.com/
Social
Email ID: *****@prometheanenergy.com
Phone Number: +91 **********
Registered Address: PLOT NO. A-451, TTC INDUSTRIAL AREA, MIDC MAHAPE , MUMBAI, Thane, Thane, Thane, Maharashtra, India, 400710

Key Metrics

Founded Year

2014

Location

Mumbai, India

Stage

Seed

Total Funding

$2.49M in 2 rounds

Latest Funding Round

Seed, May 06, 2025, $*****

Post Money Valuation

₹***** as on Sep 05, 2025

Investors

Sangam Ventures & 6 more

Ranked

2^nd among 82 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

36 as on Aug 31, 2025

Similar Companies

Climeon & 64 more

View Promethean Energy's full profile

Promethean Energy is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PROMETHEAN ENERGY PRIVATE LIMITED CIN: U74999MH2014PTC252731 , India, Active	Feb 03, 2014	₹10 - ₹50 Cr (As on Mar 31, 2025)	36 (As on Aug 01, 2025)

Promethean Energy has raised a total funding of $2.49M over 2 rounds. Its first funding round was on Dec 25, 2016. Its latest funding round was a Seed round on May 06, 2025 for $*****. 5 investors participated in its latest round. Promethean Energy has 5 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Promethean Energy:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 06, 2025	7437800	Seed	4807077	1671796	8179963	8600516
Dec 25, 2016	7214798	Seed	8690786	3734831	Sangam Ventures	Deepika Sood

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View details of Promethean Energy's funding rounds and investors

The founders of Promethean Energy are Rajat Agarwal and Ashwin Krishna K P. Ashwin Krishna K P is the CEO of Promethean Energy.

Here are the details of Promethean Energy's key team members:

Rajat Agarwal: Co-Founder of Promethean Energy. They are also an angel investor in 2 startups and serve on the boards of 2 companies.
Contact Info: 1 email address and 1 phone number
Ashwin Krishna K P: Co-Founder & CEO of Promethean Energy. They serve on the board of 1 company.
Contact Info: 1 phone number

Promethean Energy's Board of Directors

Promethean Energy's board has 4 active members. Karthik Chandrasekar, Rajat Agarwal and Ashwin Krishna K P are part of team and Kalliat panoli Ashwin Krishna is independent board member.

Here is the list of Promethean Energy's board of directors:

Name	Type	Representing	Status	Duration
Rajat Agarwal	Team	-	Current	12y 5m
Ashwin Krishna K P	Team	-	Current	12y 5m
Karthik Chandrasekar	Investor	Sangam Ventures	Current	9y 2m
Kalliat panoli Ashwin Krishna	Independent board member	-	Current	12y 5m

View details of Promethean Energy's Founder profiles and Board Members

Promethean Energy's employee count trend

Promethean Energy has 36 employees as of Aug 25. Here is Promethean Energy's employee count trend over the years:

Employee count trend for Promethean Energy

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Top competitors of Promethean Energy include Enerdrape, Climeon and iHandal. Here is the list of Top 10 competitors of Promethean Energy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Enerdrape 2019, Lausanne (Switzerland), Seed	Developer of geothermal panel technology for heating and cooling. This technology transforms underground infrastructure into a renewable source of heating and cooling. The panels offer a sustainable and renewable energy solution for various applications. It supports decarbonization efforts for building owners and energy professionals, helping them achieve environmental and energy autonomy goals. The technology is applicable to both new construction and renovation projects.	$2.22M	URBAN-X, FIT & 4 others	54/100
2nd	Promethean Energy 2014, Mumbai (India), Seed	Provider of industrial thermal waste heat recovery and energy solutions	$2.49M	SAGANA, Transition VC & 5 others	48/100
3rd	Climeon 2011, Stockholm (Sweden), Seed	Provider of SaaS-driven industrial and geothermal waste heat recovery products	-	Blue AB, Ilija Batljan Invest & 2 others	48/100
4th	iHandal 2009, Shah Alam (Malaysia), Seed	Provider of waste heat recovery solutions	$359K	Bintang Capital Partners, Clean Fight & 1 others	48/100
5th	Orcan Energy 2008, Munich (Germany), Public	Developer and producer of energy modules	$29M	Kleiner Perkins, E.ON & 10 others	47/100
6th	DCO Energy 2000, Hamilton (United States), Unfunded	Developer and installer of co-generation systems, solar PV plants, and CHP plants	-	-	45/100
7th	ElectraTherm 2005, Flowery Branch (United States), Acquired	Waste heat recovery solutions converting low-temperature heat into clean electricity	$32.7M	Interlaken Capital, DOE & 1 others	45/100
8th	Enertime 2008, Courbevoie (France), Public	Manufacturer of organic rankine cycle modules	$7.27M	Amundi, Wilco & 5 others	44/100
9th	CETY 1993, Costa Mesa (United States), Public	Designer, builder, and marketer of renewable and energy efficient solutions	-	-	43/100
10th	Alphabet Energy 2009, Hayward (United States), Deadpooled	Online trading platform offering diverse assets and trading solutions	$52.7M	Claremont Creek Ventures, SLB & 9 others	43/100