When was Red Rocket founded?

Red Rocket was founded in 2012 and raised its 1st funding round 8 years after it was founded.

Where is Red Rocket located?

Red Rocket is headquartered in Cape Town, South Africa.

How many employees does Red Rocket have?

As of Aug 31, 2026, the latest employee count at Red Rocket is 225.

Is Red Rocket a funded company?

Red Rocket is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Mar 2020.

When was the latest funding round of Red Rocket?

Red Rocket's latest funding was a $***** PE round on Mar 2020, with participation from 1 investor.

Where does Red Rocket rank among its competitors?

Red Rocket ranks 6th amongst 11 active competitors, only 1 of which is funded. Hohm Energy, which secured $8M in Feb, 2024.

Who are the top competitors of Red Rocket?

Red Rocket's top competitors include Acciona Energy, NOA Group Africa and BioTherm Energy. Among them, Hohm Energy secured the most recent funding round in February, 2024.

Red Rocket - 2026 Company Profile, Funding & Competitors

Company Details

Website: redrocket.energy
Social
Email ID: *****@redrocket.energy
Phone Number: +27 **********

Key Metrics

Founded Year

2012

Location

Cape Town, South Africa

Stage

Acquired

Latest Funding Round

PE, Mar 2020, $*****

Investors

STOA & 1 more

Ranked

6^th among 11 active competitors

Employee Count

225 as on Aug 31, 2026

Similar Companies

ReNew & 731 more

Exit Details

Acquired by Inspired Evolution (Jul 31, 2023)

View Red Rocket's full profile

Red Rocket got acquired by Inspired Evolution on Jul 31, 2023 at an acquisition amount of $*****.

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

Red Rocket has raised funding over 1 round. Its latest funding round was a PE round on Mar 2020 for $*****. 1 investor participated in its latest round. Red Rocket has 2 institutional investors.

Here is the list of recent funding rounds of Red Rocket:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 2020	3234224	PE	3114653	2022782	2600365	2316803

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View details of Red Rocket's funding rounds and investors

Red Rocket's employee count trend

Red Rocket has 225 employees as of Aug 26. Here is Red Rocket's employee count trend over the years:

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Top competitors of Red Rocket include Acciona Energy, NOA Group Africa and BioTherm Energy. Here is the list of Top 10 competitors of Red Rocket, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Acciona Energy 1997, Madrid (Spain), Public	Provider of renewable energy solutions	$567M	KKR, Triodos Investment Management & 3 others	73/100
2nd	NOA Group Africa 2022, Johannesburg (South Africa), Unfunded	Provider of renewable energy and wheeling solutions for commercial entities	-	-	38/100
3rd	BioTherm Energy 2003, Fourways (South Africa), Acquired	Renewable Energy developer	$150M	Denham Capital	35/100
4th	Hohm Energy 2013, Sandton (South Africa), Seed	Provider of renewable energy producer and solar installation & services	$8M	E3 Capital, 4DX Ventures & 11 others	33/100
5th	AE AMD Renewable Energy 2009, Cape Town (South Africa), Funding Raised	Independent power producers	-	Metier, AIIM	27/100
6th	Red Rocket 2012, Cape Town (South Africa), Acquired	Independent solar power producer	-	STOA, Inspired Evolution	31/100
7th	IPP Projects 2013, Centurion (South Africa), Unfunded	Independent solar &wind power producer company	-	-	23/100
8th	Emergent Energy 2010, Cape Town (South Africa), Acquired	Independent solar power producer	-	MassChallenge	22/100
9th	REISA 2012, Cape Town (South Africa), Funding Raised	Developer and operator of utility scale solar projects	-	AIIM	22/100
10th	Evergreen Wind And Solar 2015, Roodepoort (South Africa), Unfunded	Renewable energy developers	-	-	16/100