# Challenergy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/challenergy

- Industry: Power & Utilities
- Headquarters: Tokyo, Japan
- Website: www.challenergy.com/
- Total disclosed funding: $9.9M
- Latest round: Series A (Sep 22, 2022)
- Investors on record: 3

## About

Challenergy Inc., based in Japan, specializes in wind power generation technology, developing efficient small wind turbines for diverse environments to enhance renewable energy access.Founded in 2014, Challenergy Inc. is located in Tokyo, Japan, focusing on innovative wind power solutions. The company's strategic approach has centered around creating small wind turbines adaptable to various climates without any shifts in business operations. The founder's specific history is not available, and there are no known subsidiaries or parent companies. As of September 22, 2022, Challenergy raised JPY 1.21 billion in Series A funding, bringing the total amount raised to JPY 1.21 billion and a current company valuation of JPY 10,676.77 million. Their business activity includes 6 total deals.Challenergy Inc. specializes in innovative wind power generation technology, focusing on small wind turbines adaptable to various environments. Their flagship products include the Type D small wind turbine, designed for harsh winter conditions, and the Type A small wind turbine, suitable for cold climates. They also offer a vertical-axis Magnus-type wind turbine, engineered to capture wind energy from any direction. Challenergy’s solutions aim to address energy access challenges faced by around 1.3 billion individuals globally, particularly in emerging markets with limited electricity availability, and target both residential and commercial applications.Challenergy's revenue model comprises direct sales of their wind turbines to both individual consumers and businesses, reflecting a B2B and B2C approach. They conduct direct transactions with clients, tailoring installations to meet specific energy requirements based on geographical and environmental factors. Their products, including the Type D and Type A small wind turbines, primarily serve regions with inadequate electricity access. Furthermore, Challenergy pursues collaborations with governmental and non-governmental organizations to expand energy accessibility in underserved areas, enhancing their market reach and revenue opportunities.In September 2022, Challenergy Inc. secured JPY 1.21 billion in Series A funding from Maezawa Fund, which will be allocated to the full-scale development of its Magnus wind turbine. Upcoming products include advancements in wind turbine technology aimed at improving efficiency and adaptability. The company plans to expand its reach into new markets, specifically targeting regions with high energy needs, although specific geographic areas and timelines for this expansion have not been disclosed.

## Funding rounds

- Series A, Sep 22, 2022, $8.5M — Maezawa Fund
- Seed, Nov 17, 2016, $1.4M — New Energy and Industrial Technology Development Organization, UntroD Capital

## Investors

- New Energy and Industrial Technology Development Organization — Seed
- UntroD Capital — Seed
- Maezawa Fund (https://capitalatlas.ai/funds/maezawa-fund) — Series A