Best Energy Tech Companies in Indiana, United States
The 58 best Energy Tech companies in Indiana, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Joule Unlimited.
Our analysis of 79 Energy Tech companies
$38.9b in tracked funding; 92% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Energy Tech companies in Indiana
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Advanced Renewable Power Provider of portable hybrid power grid systems | — | — | 11 | 2015 | Khosrow Nematollahi CEO | — | — | — |
| 2 | Aeroflux Developer turbines to generate power to electrify commercial vehicles | — | — | — | 2022 | David Bosley CEO | — | — | — |
| 3 | Alcohol Hydrogen Technology Developer of hydrogen-powered commercial vehicles | — | — | — | — | Robert Blake Co-CEO | — | — | — |
| 4 | arboc specialty vehicles ARBOC Specialty Vehicles, headquartered in Middlebury, Indiana, is the market leader in the low-floor, small… | — | — | 67 | 2008 | — | WordPressMySQLPHP+16 | 12 patents Modular vehicle chassis and drivetrain integration for specialty automotive applications | — |
| 5 | AxisPoint Alliance Provider of facility management solutions | — | — | 8 | 2019 | — | — | — | — |
| 6 | Big Shine Energy Provider of energy efficiency, solar, LED lighting, and HVAC solutions | — | — | — | 1989 | Merealess Ferreira Senior Director | WordPress Block EditorElementorWordPress+32 | — | — |
| 7 | BlueIndy All-electric car sharing service | — | — | 12 | 2014 | — | — | — | — |
| 8 | BRAQ Aerospace Autonomous aerial vehicle with proprietary tilt-wing tri-ducted fan structure | — | — | — | 2016 | Saeid Alzahrani Founder & CEO | — | — | — |
Top 12 Energy Tech companies in Indiana
#1
Series A · Indianapolis, Indiana · founded 2017 · 10 employees$1.2Mraised▾
Manufacturer of high-energy, recyclable, PFA-free electrodes for battery makers. The company provides electrodes designed for faster production speeds. These electrodes are chemistry-agnostic and intended as a drop-in solution. The electrodes are designed to be environmentally friendly and easy to recycle.
- Mar 2026Series A$7.2M
- Apr 2025Seed$1M
- Dec 2024Grant (prize money)$350K
- Oct 2020Seed$1.2M
#2
Series C · Bedford, Indiana · founded 2007 · 60 employees$190Mraised▾
Developer of technology to convert CO2 directly into renewable fuels. The company has developed a photosynthetic technology to produce drop-in fuels in a single-step conversion process using waste carbon dioxide (CO2) feedstock, waste brackish water sunlight and a genetically modified bacterium. The company’s CO2-to-fuel production platform converts CO2 directly into renewable fuels, such as ethanol or hydrocarbons for diesel, jet fuel, and gasoline without the use of agricultural land, freshwater, or crops. Its products include Joule Sunflow-E, solar-derived ethanol; and Joule Sunflow-D, a hydrocarbon diesel fuel produced directly from sunlight and waste CO2.
- May 2015Series C$40M
- Aug 2013Series C$50M
- Jan 2012Series B$70M
- Apr 2010Series A$30M
#3
Series C · West Terre Haute, Indiana · founded 2016 · 17 employees$50Mraised▾
Producer of low-carbon ammonia fertilizer using carbon capture. This involves repurposing existing infrastructure to create a domestic fertilizer supply. The process utilizes hydrogen to produce anhydrous ammonia with minimal CO2 emissions, capturing and storing a significant amount annually. This approach aims to reduce reliance on fertilizer imports, lower costs for farmers, and contribute to a cleaner environment. The facility serves as a model for zero-carbon fertilizer production.
- Jun 2021Series C$50M
- 2019Seed—
#4
Public · Anderson, Indiana · founded 1973 · 18 employees$62.9Mraised▾
Manufacturer of li ion battery systems. It provides battery solutions with features like fast charging, high cycle life, and enhanced thermal stability for applications in electric vehicles, grid energy storage, and industrial power backup. It offers power management solutions for transportation, military, and renewable energy sectors.
- Apr 2012Grant (prize money)$2.4M
- Jul 2011Post IPO$57.5M
- Jul 2010Grant (prize money)$200K
- Jun 2010Grant (prize money)$200K
#5
Acquired · Indianapolis, Indiana · founded 1985 · 80 employees$69.4Mraised▾
Lithium ion batteries and energy storage systems. Its products find use in heavy duty electric transportation, grid storage and industrial applications.
- Jun 2010Grant (prize money)—
- Jan 2010Grant (prize money)$65.5M
- Sep 2009Grant (prize money)$2.9M
- Sep 2008Grant (prize money)$984K
#6
Series A · West Lafayette, Indiana · founded 2017 · 202 employees$16Mraised▾
VeoRide offers an app-based platform offering multi-category electric vehicle rental services. The platform enables users to find, book and unlock vehicles through mobile applications. Users can scan the QR code on the vehicle to access it. It offers electric kick scooter sharing, electric bicycle sharing, etc. It offers features like eco-friendly rides, IoT-enabled vehicles, etc. At the end of the ride, users have to leave the vehicle at any parking space of their preference. The mobile application is available for Android and iOS platforms.
- Jul 2021Series A$16M
- Dec 2017Seed$30K
#7
Deadpooled · Anderson, Indiana · founded 2008$22Mraised▾
Bright Automotive launched from Colorado-based Rocky Mountain Institute (RMI) in January, 2008. Bright Automotive developed the IDEA, the world's first multi-purpose, plug-in hybrid electric vehicle aimed at commercial and government fleets. It also launched Bright Solutions, which delivers expertise to automotive customers worldwide to accelerate vehicle electrification, lightweighting, and overall platform efficiency.
- Feb 2012Conventional Debt$850K
- Sep 2011Conventional Debt$4M
- Aug 2010Series B$5M
- Apr 2009Series B$16.2M
#8
Seed · West Lafayette, Indiana · founded 2022$800Kraised▾
Software provider for managing electric aviation goals and infrastructure. It provides solutions such as energy infrastructure planning, energy operation management, energy cost optimization, location-optimized analysis, and more.
- Oct 2023Seed$800K
#9
Acquired · Anderson, Indiana · founded 2011 · 20 employees$8.1Mraised▾
Go Electric is a green-tech startup developing microgrid management system, uninterruptible power and energy resiliency solutions. Their patented Blinkless technology seamlessly integrates renewable energy, batteries and generators and the grid to ensure energy security for customers. Blinkless advanced uninterruptible power solutions (UPS) shave peak loads, lower energy bills, enables demand response and energy shifting. Their LYNC is a patented technology that instantly provides AC electrical power at the correct frequency, phase and voltage from any AC and DC power sources.
- Jul 2018Series A$4M
- Feb 2017Series A—
- Jan 2016Series A$4.1M
#10
Seed · Indianapolis, Indiana · founded 2011 · 7 employees$1.3Mraised▾
Online platform for Security Operation Management. Some of its features are real-time project progress, design and schedule project, and its tasks, dashboard & visitor management, etc. It is a tool available on the subscription-based pricing model.
- Jun 2022Seed$1.3M
#11
Funding Raised · West Lafayette, Indiana · founded 2016 · 1 employees$856.5Kraised▾
JUA Technologies is a developer of smart food dehydration solutions.
- Sep 2022Grant (prize money)$600K
- Sep 2019Grant (prize money)$150K
- Aug 2019Grant (prize money)$106.5K
- Jun 2018PE—
#12
Seed · Muncie, Indiana · founded 2011 · 39 employees$2.6Mraised▾
DANNAR provides a lithium-based movable energy storage system for disaster response and off-road applications. The ESS is mounted on electric vehicle & has 33-198 kilo-Watt-hour lithium-ion battery packs. Provides an off-vehicle HRI remote control for teleoperations. Also consists of a 60-kiloWatt diesel power generator.
- May 2015Seed$2.6M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Energy Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
What Indiana researches in energy storage
Indiana University and IUPUI lead optimistic research (mean stance 0.64) on advanced battery technologies and EV infrastructure, with 17 of 18 papers published since 2020.
- Indiana University – Purdue University Indianapolis8
- Indiana University Bloomington6
- Indianapolis Zoo3
- University of Indianapolis2
- Indiana Hand to Shoulder Center2
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.