Bulb Energy
EnergyUKClosed 2021
Total Raised
$250M
Peak Valuation
Undisclosed
Employees
1,000
Year Collapsed
2021
Business model
Renewable-energy-focused household electricity and gas supplier, undercutting incumbents on price.
In brief
Grew rapidly by offering renewable energy at prices below the UK's Big Six incumbent suppliers, reaching 1.6 million customers. A historic spike in global wholesale gas prices in 2021 meant it was buying energy for far more than it was contracted to sell it to customers, and with…
See the What Happened tab for the full account.
Key facts
- Founded
- 2015
- Closed
- 2021
- Headquarters
- London, UK
- Industry
- Energy
- Employees
- 1,000
- Revenue
- Undisclosed
- Founders
- Hayden Wood, Amit Gudka
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Often compared with: Octopus Energy, Ovo Energy.