WePower

South Korea
Jeongnyang, Gyeongsangnam-do, South Korea

Company profile

WePower company profile

WePower is a green energy trading platform that enables finance green energy projects to invest into and trade green energy. The platform connects Individual business energy buyers directly with energy producers enabling them to purchase energy upfront at below-market rates. It eliminates the complexity from entering into a power purchase agreement (PPA), gives a right to choose whatever renewable energy volume to contract, increases renewable energy project’s exposure, and provides liquidity to trade power purchase agreements. WePower helps renewable energy producers to raise capital by issuing their own energy tokens. The company has developed the Ethereum Smart Energy contract tokens to standardize, simplify, and globally open currently existing energy investment ecosystem. It deploys smart contracts and enables its participants to invest and finance green energy projects as well as acquire green energy in an efficient, secure, and transparent way. WePower was founded in 2016 and is headquartered in Vilnius, Lithuania.

Business identity

Contact email
[email protected]
Operating status
Closed
Company type
For Profit
Employee range
11-50 employees
Revenue range
$0-$1M
Founded
2016-01-01, Year

Headquarters

Country code
KR
Continent
Asia

Capital profile

Funding and company signals

Funding stage
Seed
Funding rounds
3
Total equity funding
$40M
Last funding
Seed / 2019-07-01
Last equity funding
Seed
Investors
19
Founders
3
Articles
2

Founders and investors

Founders

Artūras AsakavičiusKaspar KaarlepNikolaj Martyniuk

Investors

BlockchainILGDA CapitalMarubeniScienceStartupbootcamp Australia