Promethean Power Systems Overview
- Year Founded
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2007
- Status
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Private
- Employees
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34
- Latest Deal Type
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2ndary - Private
- Investors
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24
Promethean Power Systems General Information
Description
Manufacturer of rural refrigeration systems intended to offer energy batteries for commercial cold storage in developing countries. The company's system provides thermal-energy-storage-based refrigeration and cost-effective technology for cold-chain food distribution, enabling businesses to reliably store and preserve perishable food items without requiring a diesel generator backup.
Contact Information
Website
www.coolectrica.comCorporate Office
- 28 Dane Street
- Somerville, MA 02143
- United States
Corporate Office
- 28 Dane Street
- Somerville, MA 02143
- United States
Promethean Power Systems Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 15. Secondary Transaction - Private | 12-Jul-2022 | Completed | Generating Revenue | |||
| 14. Secondary Transaction - Private | 10-May-2022 | Completed | Generating Revenue | |||
| 13. Later Stage VC (Series B) | 21-Jan-2020 | Completed | Generating Revenue | |||
| 12. Accelerator/Incubator | 01-Jan-2017 | Completed | Generating Revenue | |||
| 11. Grant | 31-Dec-2016 | Completed | Generating Revenue | |||
| 10. Grant | 11-Dec-2013 | Completed | Generating Revenue | |||
| 9. Grant | 11-Apr-2013 | Completed | Generating Revenue | |||
| 8. Accelerator/Incubator | Completed | Generating Revenue | ||||
| 7. Grant | 14-Dec-2011 | $176K | $1.01M | Completed | Generating Revenue | |
| 6. Accelerator/Incubator | 01-Jan-2011 | $1.01M | Completed | Generating Revenue |
Promethean Power Systems Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series B | ||||||||
| Series A1 | ||||||||
| Series A | 649,627 | $0.001000 | 6% | $1 | $1 | 1x | $1 | 8.32% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Promethean Power Systems Comparisons
Industry
Financing
Details
Promethean Power Systems Competitors (2)
One of Promethean Power Systems’s 2 competitors is M&M Refrigeration, a Formerly PE-Backed company based in Federalsburg, MD.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| M&M Refrigeration | Formerly PE-Backed | Federalsburg, MD | ||||
| Cooling Technology | Corporation | Charlotte, NC |
Promethean Power Systems Patents
Promethean Power Systems Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| EP-2906894-A1 | Thermal energy battery with enhanced heat exchange capability and modularity | Active | 10-Oct-2012 | ||
| EP-2906894-A4 | Thermal energy battery with enhanced heat exchange capability and modularity | Active | 10-Oct-2012 | ||
| EP-2906894-B1 | Thermal energy battery with enhanced heat exchange capability and modularity | Active | 10-Oct-2012 | ||
| US-10088243-B2 | Thermal energy battery with enhanced heat exchange capability and modularity | Active | 10-Oct-2012 | ||
| US-20140102662-A1 | Thermal energy battery with enhanced heat exchange capability and modularity | Active | 10-Oct-2012 | F28D20/021 |
Promethean Power Systems Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Promethean Power Systems Investors (24)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Acumen Fund | Impact Investing | Minority | ||
| Aster Capital | Venture Capital | Minority | ||
| CBA Capital | Impact Investing | Minority | ||
| Angel (individual) | Minority | |||
| Gray Matters Capital | Impact Investing | Minority |
Promethean Power Systems FAQs
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When was Promethean Power Systems founded?
Promethean Power Systems was founded in 2007.
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Where is Promethean Power Systems headquartered?
Promethean Power Systems is headquartered in Somerville, MA.
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What is the size of Promethean Power Systems?
Promethean Power Systems has 34 total employees.
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What industry is Promethean Power Systems in?
Promethean Power Systems’s primary industry is Electrical Equipment.
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Is Promethean Power Systems a private or public company?
Promethean Power Systems is a Private company.
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What is Promethean Power Systems’s current revenue?
The current revenue for Promethean Power Systems is .
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How much funding has Promethean Power Systems raised over time?
Promethean Power Systems has raised $2.01M.
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Who are Promethean Power Systems’s investors?
Acumen Fund, Aster Capital, CBA Capital, , and Gray Matters Capital are 5 of 24 investors who have invested in Promethean Power Systems.
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Who are Promethean Power Systems’s competitors?
M&M Refrigeration and Cooling Technology are competitors of Promethean Power Systems.
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