Companies · Energy Conservation

Greenwave Holdings Inc.

IRVINE · Energy Conservation

Diligence memoA one-page analyst read on Greenwave Holdings Inc. — recommendation, valuation, rhythm, risks.
$73.8M
Total raised · real
4
Rounds
5.3×
Latest step-up
Top 6%
Sector rank · raised
Series C
Latest stage · inferred · Mon Aug 17 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

Greenwave Holdings Inc. has raised $74M over 4 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the climate/enviro sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 10.9 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Greenwave Holdings Inc. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
16.1 yr record
Peak capital year was 2015 with $45.1M across 1 filings.
Market position
ahead of 95% of Energy Conservation peers
Capital scale is ahead of 95% of Energy Conservation peers; modeled value is above 98% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2015: $45.1M across 1 filings.
  • Largest single filing was $45.1M on 2015-08-17.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Energy Conservation

Greenwave Holdings Inc. is one of 254 Energy Conservation companies tracked from IRVINE. By capital raised it ranks among the largest (ahead of 95% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries A · 2010-06-10 Raised $8.9M (real) Modeled valuation $197M (est)$8.9M$197MSeries A2010Series A · 2012-09-06 Raised $11M (real) Modeled valuation $249M (est)$11M$249MSeries A2012Series A · 2013-09-13 Raised $8.5M (real) Modeled valuation $189M (est)$8.5M$189MSeries A2013Series C · 2015-08-17 Raised $45M (real) Modeled valuation $1.1B (est)$45M$1.1BSeries C2015+$11M+$8.5M+$45MCumulative $74M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$8.9M · 2010
Series A extension$11.3M · 2012
Series A extension$8.5M · 2013
Series C$45.1M · 2015no Series B on file

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$1.1B
Base estimate est.
$160.3M
Conservative case
$3.0B
Upside case
$300.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Series A · modeled $196.7M · 2010-06-102010Series A · modeled $248.6M · 2012-09-06Series A · modeled $188.5M · 2013-09-13Series C · modeled $1.1B · 2015-08-172015
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
72%
Survival probability
53% low · 83% high
1.32×/yr
Annual markup
1.51×/yr upside case
6.0 yr
Elapsed time used
10.9 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
21 mo
Avg between rounds
$14.2M/yr
Capital velocity
16.1 yr
On record since
2010
First round
4
Rounds on file
How it compares to the market

Benchmarked against 254 companies in Energy Conservation. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 30× above median
This company$73.8M
Sector median$2.5M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.0× above median
This company$45.1M
Sector median$43.5M
Modeled value — vs sector median (estimate, all stages) 42× above median
This company$1.1B
Sector median$27.1M

Raised more than 95% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)SolarBridge Technologies, Inc. · Series C Raised $42.0M · modeled $1.1B (est)MidWest AgEnergy Group, LLC · Series C Raised $90.2M · modeled $490.0M (est)Calisolar Inc. · Series C Raised $200.6M · modeled $151.7M (est)Greenwave Holdings Inc. (this company) Raised $73.8M · modeled $1.1B (est)Greenwave Holdings Inc.
CompanyStageRaised · realValue · estvs peer med.
Greenwave Holdings Inc. this companySeries C$73.8M$1.1B1.46×
SolarBridge Technologies, Inc.Series C$42.0M$1.1B1.36×
MidWest AgEnergy Group, LLCSeries C$90.2M$490.0M0.64×
Calisolar Inc.Series C$200.6M$151.7M0.20×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$8.9M2010-06-10$40.5M$196.7M90%
Series A$11.3M2012-09-06$51.1M$248.6M90%
Series A$8.5M2013-09-13$38.8M$188.5M90%
Series C$45.1M2015-08-17$300.5M$1.1B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$8.9M2010-06-10
    • First recorded raise — entered as Series A.
  2. Series A$11.3M2012-09-06
    • Raised again after 27 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
  3. Series A$8.5M2013-09-13
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
  4. Series C$45.1M2015-08-17
    • Raised again after 23 mo — slower than the ~11 mo sector norm.
    • Round 5.3× larger than the prior — scaling up.
Intelligence
2017 ~Q2
Modeled next raise · ~21mo cadence
$135.2M
Modeled next size est.range $87.9M$216.3M
5.3×
Last step-up
$14.2M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Steve Westly6 other2013-09
Dan Scheinman3 other2012-09
Kevin Wall2 other2010-06
Daniel Scheinman1 other2013-09
Allan Han-Huei Teo2010-06
Dan Lejerskar2010-06
Greg Memo2010-06
Lyle Dowley2013-09
Manniche Martin2012-09
Martin Manniche2010-06
Milla Manniche2010-06
Paramesh Gopi2012-09
Paul Ng2015-08
Peter Christensen2010-06
Peter Wilmar Christensen2015-08
Registry & provenance

Greenwave Holdings Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1495381
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Jmd Inc.Energy ConservationSeries C$89.8M$829.3Msame sector · same stage
MidWest AgEnergy Group, LLCEnergy ConservationSeries C$90.2M$490.0Msame sector · same stage
Suniva IncEnergy ConservationSeries C$94.4M$2.4Bsame sector · same stage
MAD Energy Limited PartnershipEnergy ConservationSeries C$98.5M$1.8Bsame sector · same stage
Copenhagen Energy Islands ApSEnergy ConservationSeries C$54.9M$522.5Msame sector · same stage
Watt Fuel Cell Corp.Energy ConservationSeries C$107.1M$1.4Bsame sector · same stage
Opower, Inc.Energy ConservationSeries C$50.0M$1.3Bsame sector · same stage
Utilidata, Inc.Energy ConservationSeries C$121.1M$402.9Msame sector · same stage
Frequently asked
How much funding has Greenwave Holdings Inc. raised?
Greenwave Holdings Inc. has raised approximately $73.8M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Greenwave Holdings Inc.'s estimated valuation?
Provath's modeled valuation for Greenwave Holdings Inc. is approximately $1.1B (modeled range $160.3M–$3.0B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Greenwave Holdings Inc. at?
Greenwave Holdings Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Aug 17.
What does Greenwave Holdings Inc. do and where is it based?
Greenwave Holdings Inc. operates in the Energy Conservation sector, based in IRVINE.
Explore related

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