
Upwing Energy
Upwing Energy is Bringing Gas Production to New Heights.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
N/A | €0.0 | round | |
* | N/A | $22.0m | Late VC |
Total Funding | 000k |
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 7 % | 14 % | 95 % | 56 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Upwing Energy specializes in advanced subsurface compressor systems designed to enhance gas production and recoverable reserves. Utilizing proprietary magnetic technologies proven by its parent company, Calnetix Technologies, Upwing Energy offers state-of-the-art solutions that provide exceptional reliability and performance even in the harshest downhole environments. The company's flagship product, the Upwing Subsurface Compressor SCS 425, features a high-speed downhole compressor system driven by a magnetically levitated permanent magnet motor. This innovative design increases gas production by enabling greater drawdown close to the well perforations. The system's magnetic coupling transmits torque from the motor to the compressor without a mechanical shaft, eliminating the need for rotary seals and pressure compensating chambers. Electrical components are hermetically isolated to prevent failures common in traditional Electric Submersible Pumps (ESPs). Upwing Energy serves clients in the oil and gas industry, focusing on maximizing return on investment and recoverable resources. The business model revolves around selling and servicing these advanced compressor systems, generating revenue through product sales, maintenance contracts, and technology licensing.
Keywords: subsurface compressor, magnetic technologies, gas production, recoverable reserves, downhole environments, high-speed compressor, permanent magnet motor, oil and gas industry, hermetically sealed, torque transmission.