Ultra Capital
Ultra Capital is a Philadelphia-based private investment firm providing growth equity and asset capital below $50M to energy transition companies in solar, battery storage, distributed generation, EV charging, and fleet electrification sectors across the United States.
- Company typePrivate
- Founded2015
- HeadquartersPhiladelphia, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Ultra Capital does
Ultra Capital is a Philadelphia-based private investment firm founded in 2015 that provides growth equity and asset capital to companies deploying demonstrated solutions across the energy transition value chain. Its core verticals include solar, battery storage, distributed generation, EV charging, and fleet electrification, with additional exposure to renewable natural gas, low-carbon ethanol, and advanced recycling through earlier funds. The firm targets best-in-class management teams at deal sizes below $50M, filling a mid-market capital gap that larger infrastructure and private equity funds typically do not serve.
The firm's product surface is centered on its Energy Transition Fund series, most recently Fund III at $130 million (closed October 2025), and an in-house proprietary risk analysis platform inherited from its 2016 acquisition of EverVest. Ultra Capital monetizes through fund management fees and carried interest on successful exits, supported by a track record of 41% IRR and a 2.7x multiple on its prior fund. Go-to-market is direct and relationship-driven, sourcing deals through senior partner networks in banking, infrastructure capital, and clean energy operating circles.
The portfolio is operated through a lean team of 1–10 professionals including three partners (Kristian Hanelt, Tom Ferraro, Mike Reynolds), a Vice President (Brandon Beehler), Senior Associate (Natalie Aldrich), and Senior Advisor (Ian Copeland). Active holdings include Mitra EV, L-Charge, Peachtree Infrastructure, Palladium Energy, On.Energy, EnviroSpark, Aspen Power, and Cottage Grove; exits include Panamint Capital, NCA2, Energy-Producing Retail Realty, and dairy-waste RNG projects. Co-investment partners such as S2G Investments provide credit facility capacity alongside Ultra Capital's equity, supporting larger financings than the firm's check size alone would permit.
Ultra Capital firmographics
Firmographics- Name
- Ultra Capital
- Legal name
- Ultra Capital
- Website
- https://ultracapital.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Ultra Capital is a Philadelphia-based private investment firm providing growth equity and asset capital below $50M to energy transition companies in solar, battery storage, distributed generation, EV charging, and fleet electrification sectors across the United States.
- Ownership category
- akta.pro rank
Ultra Capital industry classification
Industry- Product category
- Private Equity / Energy Transition Investing
- NAICS
- Other Investment Pools and Funds (5259), Other Financial Vehicles (52599), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD)
- akta.pro secondary industries
- Energy & Power Infrastructure Funds (Generation, Transmission, Storage) (FSANAEAB), Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)
Keywords
Where Ultra Capital is headquartered
LocationHeadquarters
- HQ city
- Philadelphia
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Ultra Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Investment Management and Advisory: Ultra Capital operates as an investment firm providing equity capital to energy transition companies. The firm generates returns through successful exits of portfolio companies and likely collects management fees and carried interest on fund investments.
Distribution channels1 record
Marketing channels1 record
Ultra Capital product offering
Product offeringCore offering
Ultra Capital is a private investment firm that provides growth equity and asset capital to management teams deploying demonstrated solutions in energy transition sectors, including solar, battery storage, distributed generation, EV charging, and fleet electrification. The firm manages dedicated energy transition funds and operates with the ability to transact below $50M, filling a funding gap for mid-scale companies in the sector.
Product overview
Ultra Capital is an investment firm that provides equity capital and asset capital to management teams focused on the energy transition. The firm operates through its Third Energy Transition Fund ($130M) and direct growth equity investments, targeting sectors including solar, battery storage, distributed generation, EV charging, and fleet electrification. The investment approach includes providing operational value-add through experience as former developers, constructors, operators, and financiers of infrastructure assets.
Differentiator
Problem solved
Functional benefit
Products and services
- Third Energy Transition Fund A $130 million fund investing in companies developing renewable energy, storage, and electric vehicle infrastructure, targeting mid-scale companies in the energy transition sector.
- Growth Equity Capital Equity capital for best-in-class management teams focused on energy transition, with investments in solar, battery storage, distributed generation, EV charging and fleet electrification.
- Asset Capital Asset capital solutions for platform growth and asset deployment, with ability to transact below $50M, supporting execution-oriented businesses deploying demonstrated solutions in energy transition sectors.
Quantifiable outcome
- 41% IRR and 2.7x multiple achieved by previous fund
Companies that use Ultra Capital
Customer profileSegments1 record
Ideal customer profiles1 record
Ultra Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Ultra Capital partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Ultra Capital competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key highlights6 records
Customer concentration
Ultra Capital social profiles
Digital presenceUltra Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ultra Capital leadership team
Management profileNumber of profiles
Profiles6 records
Ultra Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ultra Capital M&A and investment
M&A and investmentM&A1 record
Investments9 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ultra Capital
What does Ultra Capital do?
Ultra Capital is a private investment firm that provides growth equity and asset capital to management teams deploying demonstrated solutions in energy transition sectors, including solar, battery storage, distributed generation, EV charging, and fleet electrification. The firm manages dedicated energy transition funds and operates with the ability to transact below $50M, filling a funding gap for mid-scale companies in the sector.
Is Ultra Capital a public or private company?
Ultra Capital is a private company. It is classified as management employee owned and is currently operating.
When was Ultra Capital founded?
Ultra Capital was founded in 2015. It employs 1 to 10 people.
Where is Ultra Capital based?
Ultra Capital is headquartered in Philadelphia, United States, in the North America region.
How does Ultra Capital make money?
One revenue line is on record: investment Management and Advisory.
Does Ultra Capital have an API?
No public API is recorded for Ultra Capital.
What industry is Ultra Capital in?
Ultra Capital's product category is Private Equity / Energy Transition Investing. Its primary akta.pro industry code is FSANAEAD, Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS), with a secondary code of FSANAEAB, Energy & Power Infrastructure Funds (Generation, Transmission, Storage). Its NAICS code is 5259 and its SIC code is 6282.