Indy Power Grid
Indy Power Grid was an Indianapolis-based industrial battery and charger supplier serving forklift and material handling operators. It was acquired by Concentric, LLC in December 2024 and now operates as part of Concentric's national engineered power systems platform.
- Company typePrivate
- Founded-
- HeadquartersIndianapolis, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Indy Power Grid does
Indy Power Grid was an Indianapolis-based industrial battery and charger supplier serving material handling and forklift operations. Its core offering centered on power systems and energy solutions for forklifts and adjacent critical power applications, targeting companies operating warehouse and distribution fleets as well as organizations requiring uninterrupted power for mission-critical infrastructure. The business operated with 1–10 employees as a private company with no disclosed funding history, pricing model, or product line detail beyond its role as a regional power systems provider.
On December 18, 2024, Indy Power Grid was acquired by Concentric, LLC, a Carrollton, Texas-headquartered power systems company formed in 2018 through the combination of several power entrepreneurs' teams. The original Concentric concept traces to GuaranteedPOWER®, launched in 2002. Post-acquisition, Indy Power Grid ceased operating as an independent entity and was absorbed into Concentric's national platform, which spans forklift power (POWERHIVE, GUARANTEEDPOWER, CONCENTRICARE), critical power (data center, utilities, communications, industrial), on-site maintenance, energy storage, and environmental/safety products. The strategic rationale, as articulated by Concentric, is to deliver engineered power systems so customers can outsource power management and focus on their core operations.
Revenue mechanics, distribution channels, and go-to-market specifics for the standalone Indy Power Grid brand are not documented in the source material. Following the Concentric acquisition, any residual revenue contribution is consolidated within the parent's diversified national platform serving material handling and critical power customers across the United States.
Indy Power Grid firmographics
Firmographics- Name
- Indy Power Grid
- Legal name
- Indy Power Grid
- Website
- https://indypowergrid.com
- Company type
- Private
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Indy Power Grid was an Indianapolis-based industrial battery and charger supplier serving forklift and material handling operators. It was acquired by Concentric, LLC in December 2024 and now operates as part of Concentric's national engineered power systems platform.
- Ownership category
- akta.pro rank
Indy Power Grid industry classification
Industry- Product category
- Industrial Batteries and Power Systems
- NAICS
- Relay and Industrial Control Manufacturing (335314)
- SIC
- Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Protection, Relaying & Substation Automation Upgrades (IEC 61850) (EUAEALAC)
Keywords
Where Indy Power Grid is headquartered
LocationHeadquarters
- HQ city
- Indianapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Indy Power Grid business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D
Indy Power Grid product offering
Product offeringCore offering
Indy Power Grid was an industrial battery and charger supplier based in Indianapolis that served material handling and forklift operations. The company was acquired by Concentric on December 18, 2024, and now operates as part of Concentric's engineered power systems portfolio, which delivers batteries, charging systems, guaranteed power programs, and critical power solutions for industrial and mission-critical customers.
Product overview
Indy Power Grid was a power solutions company that has been acquired by Concentric, a power systems company. Concentric offers a platform of engineered power systems including forklift power solutions (batteries, charging systems, guaranteed power programs) and critical power solutions (data center, utilities, communications, industrial). The portfolio includes products such as POWERHIVE, GUARANTEEDPOWER, and CONCENTRICARE, along with maintenance and automation services for material handling operations. The specific product lineup of the Indy Power Grid brand prior to acquisition is not detailed in this source.
Differentiator
Problem solved
Functional benefit
Products and services
- POWERHIVE™
- GUARANTEEDPOWER®
- CONCENTRICARE℠
- Forklift Battery Solutions
- Critical Power Solutions
- Material Handling Maintenance
- Automation Maintenance
Companies that use Indy Power Grid
Customer profileSegments2 records
Ideal customer profiles2 records
Indy Power Grid technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Indy Power Grid partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights3 records
Indy Power Grid competitors and assessment
Company assessmentBroad incumbents
- Vertiv: Vertiv is a global critical digital infrastructure provider offering UPS and power management systems for data centers and communications networks, directly comparable to Concentric's Mission Critical & Data Center Power line.
- Generac: Generac is a leading provider of backup power generation and energy storage solutions for industrial, commercial, and data center customers, overlapping Concentric's critical power offerings.
- ABB: ABB is a major industrial electrification and automation company offering power protection, substation, and grid solutions that overlap with the utility and industrial critical power segments Concentric serves.
- Eaton: Eaton is a diversified power management company with significant UPS, switchgear, and critical power offerings for data centers, utilities, and industrial customers that compete with Concentric's portfolio.
Emerging players
- Flux Power Holdings: Flux Power designs and manufactures lithium-ion battery packs for forklifts and other industrial equipment, addressing the same material handling use case as Indy Power Grid with a differentiated technology angle.
- Green Cubes Technology: Green Cubes provides lithium-ion battery solutions for material handling, industrial, and mobile applications, competing at the technology-overlap level with Indy Power Grid's motive power offerings.
Direct peers
- Crown Battery: Crown Battery manufactures industrial motive power batteries and chargers for forklift and material handling fleets, serving the same primary use case as Indy Power Grid.
- East Penn Manufacturing: East Penn is one of the largest independent battery makers in North America, producing industrial batteries for material handling and reserve power applications that compete head-to-head with Indy Power Grid's product portfolio.
- Trojan Battery Company: Trojan is a major industrial battery producer with a long-standing presence in motive power for forklifts and floor machines, directly overlapping Indy Power Grid's industrial battery offering.
- EnerSys: EnerSys is the world's largest industrial battery manufacturer with a leading motive power (forklift) battery business and significant stationary/critical power offerings, directly overlapping Indy Power Grid's two core segments.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks6 records
Key highlights5 records
Customer concentration
Indy Power Grid social profiles
Digital presenceIndy Power Grid financial estimates
Financial estimateRevenue estimate
Valuation estimate
Indy Power Grid leadership team
Management profileNumber of profiles
Indy Power Grid funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Indy Power Grid M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Indy Power Grid
What does Indy Power Grid do?
Indy Power Grid was an industrial battery and charger supplier based in Indianapolis that served material handling and forklift operations. The company was acquired by Concentric on December 18, 2024, and now operates as part of Concentric's engineered power systems portfolio, which delivers batteries, charging systems, guaranteed power programs, and critical power solutions for industrial and mission-critical customers.
Is Indy Power Grid a public or private company?
Indy Power Grid is a private company. It is classified as corporate owned and is currently acquired.
When was Indy Power Grid founded?
Indy Power Grid was founded in -1. It employs 1 to 10 people.
Where is Indy Power Grid based?
Indy Power Grid is headquartered in Indianapolis, United States, in the North America region.
Who are Indy Power Grid's main competitors?
Broad incumbents on record are Vertiv, Generac, ABB and Eaton. Emerging players are Flux Power Holdings and Green Cubes Technology. Direct peers are Crown Battery, East Penn Manufacturing, Trojan Battery Company and EnerSys.
Does Indy Power Grid have an API?
No public API is recorded for Indy Power Grid.
What industry is Indy Power Grid in?
Indy Power Grid's product category is Industrial Batteries and Power Systems. Its primary akta.pro industry code is EUAEALAC, Protection, Relaying & Substation Automation Upgrades (IEC 61850). Its NAICS code is 335314 and its SIC code is 3620.