Powerhive
Nairobi, Kenya
How Powerhive hit $2.9M revenue with a 85 person team in 2023.
Developer of a cloud-based software application designed to provide access to microgrid electricity to rural homes. The company's software application and proprietary smart meter run real-time data analytics and automate account management tasks while remotely monitoring and controlling microgrid operations, allowing customers in the rural areas to gain access to an affordable electricity supply that can power small appliances and income-generating equipment.
2011
Founded
$2.9M
2023 Revenue
13.6%
YOY
$41.3M
Funding
Powerhive Revenue
In 2023, Powerhive revenue run rate hit $2.9M in revenue.
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2023
Powerhive hit $2.9M in revenue in 2023
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2021
Powerhive hit $2.3M in revenue in 2021
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2011
Powerhive launched in 2011 with $0 revenue
Powerhive Funding History
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2019
Powerhive raised a of in July, 2019
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2016
Powerhive raised a of in January, 2016
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2015
Powerhive raised a of in December, 2015
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| July, 09 2019 | |||
| January, 25 2016 | |||
| December, 09 2015 |
Team
Powerhive has 85 total employees and 1 sales reps that carry a quota. an engineering team of 2 and a marketing team of 1.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 85 |
| Engineer | 2 (2%) |
| Sales | 1 (1%) |
| Marketing | 1 (1%) |
Founder / CEO
Christopher Hornor
Chris is founder and CEO at Powerhive, Inc., a technology venture founded in 2011 that offers access to productive, affordable, and reliable microgrid electricity. Powerhive focuses on financing, monetizing, and managing distributed electricity solutions through its proprietary technology platform and business model. Chris is an entrepreneur andrecognized pioneer of consumer renewable energy product and services. During the last 15 years he has delivered renewable energy to more than two million people. As founder and CEO of Better Energy Systems he launched Solio, a portable solar charger that defined a new category of small-scale consumer energy solutions. In 2008 Chris led the expansion of Better Energy Systems into East Africa where he and his team introduced Club Solio, leveraging mobile money to create the first pay-as-you go renewable energy service for remote, off-grid regions. Chris has held senior posts at technology startups in the US, UK, and Japan where he identified and developed new revenue streams through emerging internet applications.
Q&A
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What's your age?
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Favorite online tool?
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Favorite book?
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Favorite CEO?
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Advice for 20 year old self
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Customers
Churn
Powerhive Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Christopher Hornor | CEO | - | - |
Powerhive Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Christopher Hornor | CEO | - | - |
Frequently Asked Questions about Powerhive
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When was Powerhive founded?
Powerhive was founded in 2011.
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How much revenue does Powerhive generate?
Powerhive generates $2.9M in revenue.
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Who is the CEO of Powerhive
The CEO of Powerhive is Christopher Hornor.
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How much funding does Powerhive have?
Powerhive raised $41.3M.
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How many employees does Powerhive have?
Powerhive has 85 employees.
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Where is Powerhive headquarters?
Powerhive is headquartered at Nairobi, Kenya
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