Overview

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Total Equity Funding
$6.09M in 2 Rounds
Most Recent Funding
$5M Series A on April 15, 2014
Headquarters:
New York, NY
Description:
UGE is a distributed renewable energy company focusing on wind, solar and power management solutions.
Founders:
Categories:
CleanTech, Solar, Renewable Energy
Website:
http://www.urbangreenenergy.com
Social:

Company Details

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UGE is a New York City-based distributed renewable energy company. Founded in 2008, the company is active in approximately 80 countries around the world, with a primary focus on enterprise customers.

The technology that UGE deploys is a "hybrid" energy solution that combines wind, solar, energy storage, power management, and monitoring. The technology is deployed through a combination of UGE's proprietary technology that allows it to assess locations remotely and its Partner Network, an approved and trained group of companies operating throughout the world which manage its projects locally. UGE's solutions are designed for high reliability and use various sources of energy to lower the variability of when energy is produced. This makes it particularly interesting to customers who otherwise do not have reliable grid electricity, leading UGE to target the telecoms market in developing countries where it is working with many of the world's leading telecoms companies. UGE also works with other large companies and government organizations looking to enhance their energy security, lower their energy costs, and become more sustainable, resulting in projects with leading brands such as GE, Hilton, BMW, the Philadelphia Eagles, and many more.

The wind turbine within the UGE solution is designed and manufactured by UGE. Sporting a vertical axis design, the wind turbine is designed to maximize both efficiency and durability, leading to lower lifetime cost of energy. UGE's IP extends beyond the wind turbine to its power management system, remote monitoring, and its site planning and implementation software.

Funding Rounds (3) - $26.09M

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DateAmount / RoundValuationLead InvestorInvestors
Apr, 2014$5M / Series A0
Sep, 2013$1.09M / Angel0
Aug, 2013$20M / Debt Financing1

Investors (1)

Current Team (5)

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Offices/Locations (2)

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  • Headquarters

    330 W 38th St.

    Suite 1103

    New York, NY 10018

    USA

  • Beijing Office

    Times Fortune World Building, 20th Floor, Rooms 2005-2007

    Hangfeng Road No 1, Fengtai

    Beijing,

    CHN

Images (1)

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