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Husk Power Systems

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Designs, builds, owns, and operates the lowest cost hybrid power plant and distribution network in India and Africa, offering customers a flexible 'pay-as-you-go' energy service, using a…

Fort Collins, United StatesFounded 2008Energy
Valuation $250–500M Last recorded · 2023
Revenue $10–50M Latest reported FY
Headcount 100–500 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Husk Power Systems and the history behind them.

About Husk Power Systems

Husk Power Systems is a leading energy services company that operates in rural areas of Africa and Asia with weak or no grid connectivity. The company provides reliable, high-quality, 100% renewable energy to a diverse clientele, including businesses, households, and institutions.

Husk's business model is based on a hybrid system that combines Solar PV and Biomass technology. This innovative system generates low-cost, 100% renewable power around the clock by synchronizing solar and biomass gasification power plants. The company has also developed a proprietary process to convert rice husk char, a waste product of gasification, into "green" incense sticks, providing an additional revenue stream and creating jobs for women in manufacturing.

In addition, Husk has integrated smart pre-paid metering with big data and analytics to deliver voice-enabled, easy-to-understand custom messages as part of their customer service. This approach not only enhances customer experience but also helps in efficient energy usage.

The company has also developed a unique "theft-proof" distribution system that ensures stable voltage delivery to customers. This system has reportedly resulted in "zero" observed theft, further enhancing the reliability of their service.

Husk's services are not only cost-effective but also align with national electrification goals, making them an attractive solution for governments and organizations aiming to expand access to electricity in underserved areas.

The company's partners include the Entrepreneurial Development Bank, ENGIE Rassembleurs d'Energies, Rural Electrification Agency Nigeria, Global Energy Alliance for People and Planet, Africa Minigrid Developers Association, Bihar Renewable Energy Development Agency, India Renewable Energy Development Agency, and the US International Development Finance Corp.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2008
Headquarters
Fort Collins, United States
Employees
482
Open positions
10
Dealroom signal
88.2/100
Industry
Energy
Sub-industry
Energy Providers, Energy Efficiency, Energy Storage
Sector
Energy, Smart Grid, Sustainable Development Goals, Climate Tech, Hard Tech
Technology
Mobile app
Business model
Manufacturing
Client focus
b2b, b2c

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBTDebt Sep 2025 $3.2M — United Capital ↗
GRANTOther financing Jan 2025 $500K — Acumen ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025 —
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Growth signals

Husk Power Systems website traffic

Latest recorded traffic for Husk Power Systems is 18K monthly website visits, up 109.3% over the last three months. Husk Power Systems's team grew 9% over the past year.

Latest monthly visits18K 3-month web change+109.3% 1-year team growth+9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

20 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • The World Bank
  • African Development Bank

Series A4 investors entered at this stage

Series B and later14 investors entered at this stage

  • Shell
  • ENGIE
  • Shell Ventures
  • Swedfund International
  • FMO Entrepreneurial Development Bank
  • KfW
  • Electrification Financing Initiative
  • German Investment Corporation
  • International Finance Corporation
  • European Investment Bank
  • U.S. International Development Finance Corporation
  • Proparco
  • STOA
  • United Capital
Team profiled 13 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
7 countries with
team presence
🇮🇳 India66.1%
🇳🇬 Nigeria26.2%
🇺🇸 United States1.8%
🇬🇧 United Kingdom0.7%
🇰🇪 Kenya0.3%
Top 5 of 7 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Husk Power Systems on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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