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Indra Renewable Technologies
Innovative, British-made electric vehicle chargers making the roads a cleaner place and life a whole lot easier
About Indra Renewable Technologies
Indra Renewable Technologies, founded in 2013 by Mike Schooling, develops and manufactures smart energy technology, most notably electric vehicle (EV) chargers. Based in Malvern, UK, the company's mission is to create intelligent charging solutions that are simple to install and use for both residential and commercial clients. Schooling, an electronics and software engineer, founded the company after building his own EV and recognizing the need for better charging infrastructure.
Indra's product line features smart chargers that allow EV owners to schedule charging during off-peak hours, thereby reducing energy costs. A key technological differentiator for the company is its pioneering work in bi-directional charging, specifically Vehicle-to-Grid (V2G) and Vehicle-to-Home (V2H) technology. This capability allows energy stored in an EV's battery to be exported back to the grid or used to power a home, offering potential revenue streams for the owner and contributing to grid stability. Indra is currently leading the world's largest V2H trial.
The business operates through a direct sales model and a network of approved installers. In 2021, the company received a £20 million investment from OVO Group, which now holds a majority stake. This investment aims to accelerate the development of Indra's V2H technology and support its international expansion plans.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2013
- Headquarters
- Malvern, United Kingdom
- Employees
- 49
- Open positions
- None listed
- Dealroom signal
- 60.9/100
- Industry
- Energy, Transportation
- Sub-industry
- Energy Providers, Maintenance
- Sector
- Transportation, Sustainable Development Goals, EV Charging, Climate Tech, Electric Mobility, Hard Tech, FBC Funded, v2g
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Mar 2023 | $26M | $106M | Gulf Oil Deutschland | ↗ |
| SUPPORT PROGRAM✓Other financing | Sep 2022 | $0 | — | Tech Nation | — |
Growth signals
Latest recorded traffic for Indra Renewable Technologies is 18K monthly website visits, up 38.5% over the last three months. Indra Renewable Technologies's team declined 18.3% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
UK Research and Innovation
Series B and later2 investors entered at this stage
Clean Growth Fund
Gulf Oil Deutschland
Other known investors1 additional known investor
Tech Nation
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Indra Renewable Technologies 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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