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pika-energy.com

Founded Year

2010

Stage

Acquired | Acquired

Total Raised

$11M

About Pika Energy

Pika Energy is a manufactures solar-plus-storage solutions for residential and commercial renewable energy markets. The Pika Energy Island is a complete home energy storage platform that connects solar PV, smart batteries, loads, and the grid.

Pika Energy Headquarter Location

35 Bradley Drive #1

Westbrook, Maine, 04039,

United States

207-887-9105

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Expert Collections containing Pika Energy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Pika Energy is included in 4 Expert Collections, including Smart Cities.

S

Smart Cities

1,912 items

R

Renewable Energy

3,941 items

Includes companies working on technology to support renewable energy generation.

G

Grid and Utility

355 items

This collection includes companies that are working on software and hardware to improve grids, utilizing new pricing models, and developing microgrids.

E

Energy Storage

1,116 items

This collection includes large and small energy storage technology, from grid-scale molten salt containers to small, thin-film lithium-ion batteries.

Pika Energy Patents

Pika Energy has filed 13 patents.

The 3 most popular patent topics include:

  • Electric power conversion
  • Electrical engineering
  • Electric power distribution
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/29/2020

3/15/2022

Energy storage, Ship types, Electrical engineering, Electric power distribution, Electric power conversion

Grant

Application Date

6/29/2020

Grant Date

3/15/2022

Title

Related Topics

Energy storage, Ship types, Electrical engineering, Electric power distribution, Electric power conversion

Status

Grant

Latest Pika Energy News

CEI Ventures raises $14.8M for its fifth fund

Apr 2, 2021

CEI Ventures raises $14.8M for its fifth fund by CEI Ventures launched its fifth fund this month, raising $14.85 million from 32 accredited investors. The fund, dubbed the Good Jobs Fund, will focus on social-impact companies in Maine and elsewhere that offer employees fair wages and good working conditions. The 32 investors in the Good Jobs Fund include nine individuals, two foundations, four community economic development entities and 17 banks motivated, in part, by Community Reinvestment Act credit. To date, CEI Ventures has raised over $60 million and invested in 64 companies across five funds. CEI Venture’s four previous funds have boasted profitable returns to investors, according to Nat Henshaw, managing director of CEI Ventures. In addition to profits, the 64 companies in CEI Venture’s portfolio have generated a total of 2,700 jobs, growing their employee count by 40% since receiving funding. The organization’s last fund was raised in 2015 and is half way through its 10 year life-cycle, according to Henshaw. “We have chosen all the companies for our fourth fund,” Henshaw said. “But have reserved capital in order to continue to support companies already in the portfolio.” Two major successes of the 2015 fund are the acquisition in 2019 of Westbrook-based Pika Energy and the success of Portland-based Tilson Technologies. Tilson has grown revenue by 12 times since CEI’s initial investment and has close to 600 employees operating nationally, according to Henshaw. “Both Pika and Tilson are excellent examples of the types of companies we will be focused on with our new Good Jobs Fund,” said Henshaw. Henshaw said there’s a positive correlation between good job metrics and financial performance. According to Henshaw, revenue growth for CEI portfolio companies that met their good jobs metrics grew revenue by 47% from 2018 to 2019, while those companies that didn’t meet the standards only showed 5% revenue growth. That is why CEI Ventures will invest the Good Jobs Fund based on three criteria: wages, quality benefits, and a fair and engaging workplace. “We look at things like, entry-level wages, paid time off, health insurance, retirement, best practice HR policies, and whether or not the company has a profit sharing plan such as employee stock options,” Henshaw said. Henshaw admitted 2020 was a challenging year, but said he is optimistic about what 2021 will bring. “If the first quarter is any roadmap for the balance of 2021, I think we will have a very strong year of venture financing,” says Henshaw. “Low rates, economic stimulus and overall liquidity seem to be translating into high valuations. It’s looking like a good year for growing tech companies to raise capital.” Share this:

  • When was Pika Energy founded?

    Pika Energy was founded in 2010.

  • Where is Pika Energy's headquarters?

    Pika Energy's headquarters is located at 35 Bradley Drive, Westbrook.

  • What is Pika Energy's latest funding round?

    Pika Energy's latest funding round is Acquired.

  • How much did Pika Energy raise?

    Pika Energy raised a total of $11M.

  • Who are the investors of Pika Energy?

    Investors of Pika Energy include Generac Holdings, Clean Energy Venture Group, Macquarie Clean Technology Fund, CEI Ventures, Maine Angels and 5 more.

  • Who are Pika Energy's competitors?

    Competitors of Pika Energy include ElectrIQ Power.

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