Bitlismen

What Bitlismen does

Bitlismen is an Armenian educational technology company founded in 2004, headquartered in Kanakeravan, that designs, manufactures, and distributes hardware-based training platforms for power systems, renewable energy, and smart grid education. The company's core offering is the Power Labs Ecosystem — a modular portfolio of 25+ trainer products (solar, wind, hydro, hydrogen fuel cell, traditional generation, transmission, distribution, substation automation, relay protection, smart grid, smart house, solar thermal, solar pump, power quality analyzer, process control, and quadruple tank) built on National Instruments myRIO/RIOsys hardware with open-source LabVIEW graphical programming. A flagship joint development with OPAL-RT TECHNOLOGIES adds Power Hardware In the Loop (PHIL) capability (Solar Microgrid, Wind, Smart Grid with PHIL), enabling hybrid physical-digital research platforms for advanced university research labs.

The company serves universities, vocational colleges, high schools, research institutions, and power industry customers in more than 19 countries across the Middle East, South Asia, Southeast Asia, Europe, Africa, and the Americas. Revenue is generated through three streams: (1) quote-based hardware sales of training platforms, typically multi-trainer ecosystem rollouts at six-figure deal sizes; (2) Platform as a Service (PAAS) subscription tiers (Shared Monthly, Shared Annual, Dedicated Annual) for remote access to trainers; and (3) professional services including on-site installation, training, commissioning, and custom R&D. Go-to-market combines direct enterprise sales with a network of 10+ authorized regional distributors (Daktic and Magee Enterprises in the US, Yotta Volt in EU, Realtimewave in South Korea, Jassen Harris and VRTSystems in the Philippines, Peritec in Vietnam, Haliatech in Indonesia, Technology Integration in Jordan, IECUBE in China, SAAB RDS in KSA/Lebanon) plus OPAL-RT as distributor across South Asia and ASEAN. The company is privately held, appears bootstrapped with no disclosed funding, achieved CE certification across the product line in November 2025, and is led by Co-founder/CEO/CTO Ashot Minasyan.

Name

Bitlismen

Legal name

Bitlismen

Website

https://bitlismen.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Bitlismen is an Armenian EdTech company that designs and manufactures modular hardware training platforms for power systems and renewable energy education, serving universities, vocational schools, and research institutions globally through direct sales and a distributor network.

Ownership category

akta.pro rank

Product category

Educational Training Equipment

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Switchgear and Switchboard Apparatus Manufacturing (335313)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Switchgear & Switchboard Apparatus (3613)

akta.pro primary industry

Renewable Energy Electrical (Solar PV, Wind, Storage) (EDAOABAI)

akta.pro secondary industries

Motor Controls, Generators & Rotating Equipment (EDAOABAL), Electrical Power Systems & Utility Linework (Transmission/Distribution) (EDAOABAC), Renewable Monitoring, Controls & SCADA Hardware Manufacturing (Sensors, RTUs, Meters) (EUAMAHAJ)

Keywords

• Educational training equipment
• Power systems trainers
• Renewable energy labs
• Smart grid trainers
• Relay protection equipment

Headquarters

HQ city

Kanakeravan

HQ country

Armenia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Hardware Sales - Educational Trainers: Sale of Power Labs Ecosystem training platforms including Solar Power Generation Trainer, Wind Power Generation Trainer, Hydro Power Generation Trainer, Traditional Power Generation Trainer, Power Transmission/Distribution Trainers, Substation Automation, Relay Protection, Smart Grid trainers, and related equipment.
2. Platform as a Service (PAAS): Subscription-based remote access to trainers. Three tiers: Shared Monthly (billed monthly, 90min slots), Shared Annual (billed annually, 90min slots), and Dedicated Annual (unlimited 24/7 access, billed annually).
3. Professional Services: On-site installation assistance, training services, and commissioning. Custom R&D solutions and product development for specific customer requirements.
4. Distance Learning Access: Remote access services allowing students to control trainers via internet, including Basic (remote control via Zoom) and Advanced (remote rewiring capability) options.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels7 records

Core offering

Bitlismen designs, manufactures, and sells the Power Labs Ecosystem — a portfolio of hardware-based, software-defined educational trainers covering solar, wind, hydro, hydrogen, traditional power generation, power transmission and distribution, substation automation, relay protection, and smart grid topics. Trainers are built on National Instruments myRIO/RIOsys hardware with open-source LabVIEW code, and selected platforms integrate Power Hardware In the Loop (PHIL) simulation jointly with OPAL-RT TECHNOLOGIES. The company sells these trainers and a Platform as a Service (PAAS) subscription for remote access to universities, vocational colleges, high schools, research institutions, and energy-sector customers globally.

Product overview

Bitlismen is an educational technology company established in 2004, specializing in building energy-related trainers for academic institutions. The company offers the Power Labs Ecosystem as its core platform—a comprehensive suite of open, flexible, software-defined educational trainers designed for High Schools, Vocational Colleges, Universities, Research Institutions, and Power Industry. The ecosystem consists of modular hardware trainers built on NI myRIO platforms with LabVIEW graphical programming software, enabling students and researchers to implement experiments hands-on. The portfolio includes Solar Power Generation Trainer, Wind Power Generation Trainer, Hydro Power Generation Trainer, Hydrogen Fuel Cell Trainer, Traditional Power Generation Trainer, Solar & Wind Power Generation Trainer, Solar & Wind & Fuel Cell Power Generation Trainer, Traditional & Hydro Power Generation Trainer, Power Transmission Trainer, Power Distribution Trainer, Substation Automation Trainer, Relay Protection Trainer, Smart Grid Trainer, Smart House Trainer, Solar Thermal Energy Trainer, Solar Pump System, Microprocessor Relay Protection Trainer, Power Quality Analyzer, Smart Water Distribution SCADA System, Quadruple Tank Process Control Research Platform, and PHIL Integration platforms for Solar, Wind, and Smart Grid. Supporting services include Distance Learning Platform for remote access and Platform as a Service (PAAS) subscription model. The company also integrates Energy 4.0 technologies including Augmented Reality, Artificial Intelligence, Industrial IoT, and Mixed Power Microgrids.

Differentiator

Problem solved

Functional benefit

Brands

• Power Labs Ecosystem: Ecosystem of energy-related trainer platforms designed to be open, flexible, expandable, reconfigurable, and reprogrammable for academic teaching and research.
• Energy of the Future | Energy 4.0
• Platform as a Service (PAAS)

Products and services

• Power Labs Ecosystem

Quantifiable outcome

• Enables universities to offer new specialized programs (e.g., Master of Science in Electrical Engineering at University of Dubai)
• +3 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature7 records

Partnerships

14 partnerships are on record, tiered regional, major, flagship and core.

• Jassen Harris Industries CorporationregionalChannel Partner/ Reseller/ Distributor · 1 May 2025Official authorized distributor in the Philippines. Presented Bitlismen at JourNI – Engineering the Future event and 19th PSECE exhibition.
• RealtimewaveregionalChannel Partner/ Reseller/ Distributor · 1 November 2024Exclusive distributor in South Korea. Showcased Bitlismen academic products at RT24 South Korea conference.
• OPAL-RT TECHNOLOGIES India Pvt. Ltd.majorChannel Partner/ Reseller/ Distributor · 1 October 2024OPAL-RT TECHNOLOGIES India is authorized distributor for Bitlismen across India, Sri Lanka, Bangladesh, Nepal, Bhutan, Malaysia, and Singapore. Also hosts Bitlismen's official showroom in India at their office location.
• DakticregionalChannel Partner/ Reseller/ Distributor · 1 August 2024Authorized distributor covering 12 US states: Washington, Oregon, California, Nevada, Idaho, Utah, Montana, Wyoming, Colorado, Arizona, Hawaii, Alaska.
• Magee Enterprises, Inc.regionalChannel Partner/ Reseller/ Distributor · 1 July 2024Authorized distributor covering Arkansas, Mississippi, and Louisiana.
• IECUBEregionalChannel Partner/ Reseller/ Distributor · 1 August 2022Authorized distributor in China. Presented Bitlismen at 57th HEEC 2022 higher education teaching equipment expo and demonstrated Distance Learning Platform.
• OPAL-RT TECHNOLOGIESflagshipStrategic or Co-development Partner · 1 December 2020Partnership signed December 2020 to develop joint Power Hardware In the Loop (PHIL) systems for research and teaching in energy sector. Collaboration combines OP1420 Microgrid PHIL Test Bench with Bitlismen's Power Labs Ecosystem trainers. Joint products include Solar Microgrid System with PHIL, Wind Power Generation Platform with PHIL, Hydro Power Generation with PHIL Platform, and OP1400-BM PHIL Bench. OPAL-RT also serves as authorized distributor in India, Sri Lanka, Bangladesh, Nepal, Bhutan, Malaysia, and Singapore.
• National Instruments (NI)coreStrategic or Co-development PartnerSilver alliance partner of National Instruments. Company specializes in building energy-related trainers using NI hardware platforms including myRIO and RIOsys. NI Academic Partner Win-Win Award Finalist. Trainers use LabVIEW graphical programming language and NI RIO platforms.
• Yotta Volt LtdmajorChannel Partner/ Reseller/ DistributorAuthorized distributor for EU region. Conducts training and commissioning sessions with Bitlismen (e.g., BCU Połaniec Energy of the Future Lab).
• VRTSystems CorporationregionalChannel Partner/ Reseller/ DistributorExclusive partner in Philippines. Represented Bitlismen at 2024 PAES General Assembly and First National Engineering Education Summit (NEEdS 2024).
• Peritec Co., LtdregionalChannel Partner/ Reseller/ DistributorAuthorized distributor in Vietnam. Presented Bitlismen at NI TECH DAY HANOI 2025.
• HaliatechregionalChannel Partner/ Reseller/ DistributorAuthorized distributor in Indonesia.
• Technology IntegrationregionalChannel Partner/ Reseller/ DistributorAuthorized distributor in Jordan.
• SAAB RDSregionalChannel Partner/ Reseller/ DistributorExclusive distribution partnership for KSA (Saudi Arabia) and Lebanon. Co-hosted webinar on 'Energy of the Future Labs in Academic Teaching and Research' in December 2021.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Festo Didactic (Lab-Volt): Festo Didactic's Lab-Volt series is a long-established vendor of hands-on educational equipment for electrical, electromechanical, and renewable energy training. It competes with Bitlismen for vocational colleges, high schools, and technical institute budgets globally.
• ETAP (Operation Technology Inc.): ETAP provides power systems simulation, analysis, and educational software used by electrical engineering departments, and offers student editions and training programs that overlap with Bitlismen's power distribution, substation automation, and smart grid trainer offerings.
• dSPACE: dSPACE offers hardware-in-the-loop simulators and development tools widely used in power electronics and renewable energy education. Its HIL platforms overlap with Bitlismen's PHIL-integrated trainers for university labs and research centers.
• PSCAD (Manitoba Hydro International): PSCAD/EMTDC is a widely used electromagnetic transients simulator for power systems and renewable energy research, with educational licensing aimed at university power engineering programs—making it a direct alternative to Bitlismen's transmission, distribution, and relay protection trainers.
• OPAL-RT TECHNOLOGIES: OPAL-RT is Bitlismen's flagship partner for PHIL systems, co-developing joint products such as the Solar Microgrid PHIL, Wind Power Generation PHIL, and Smart Grid Platform with PHIL. It sells real-time digital simulators and PHIL test benches used by universities and research labs in overlapping energy and power systems curricula.
• Typhoon HIL: Typhoon HIL provides hardware-in-the-loop and real-time simulation platforms specifically for power electronics, microgrids, and renewable energy research and teaching—directly competing with Bitlismen's PHIL-enabled Power Labs offerings for the same university and lab customers.
• Plexim (PLECS): Plexim's PLECS software is a leading circuit-level simulator for power electronics and renewable energy systems, with an academic license program used by the same electrical engineering departments Bitlismen targets with its Power Labs Ecosystem.

Emerging players

• Keysight Technologies: Keysight provides power quality analyzers, waveform measurement tools, and educational training systems that overlap with Bitlismen's Power Quality Analyzer trainer and broader lab instrumentation portfolio for university engineering courses.

Broad incumbents

• MathWorks (MATLAB/Simulink): MathWorks' MATLAB and Simulink are the dominant simulation environments used in power systems and renewable energy courses. Universities frequently substitute software-only Simulink exercises for hardware trainers, making MathWorks the broadest competitor to Bitlismen's lab-based approach.
• National Instruments (NI, now part of Emerson): National Instruments is Bitlismen's Silver Alliance partner and supplies the myRIO and RIOsys platforms that anchor the Power Labs Ecosystem. NI also offers its own educational bundles and ELVIS teaching kits that compete for the same university lab budgets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bitlis_men
• YouTubeyoutube.com/channel/UC5mJGd7bp52vOYmO7g3_VXg
• Facebookfacebook.com/Bitlismen-100054357497886
• LinkedInlinkedin.com/company/bitlismen

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bitlismen