Somayeh Taheri: Innovator in Renewable Energy Exchange
Promising Newcomer in Tech Rankings
On January 17, the Sunday Times unveiled its inaugural Tech 100 league table, showcasing a balanced mix of software and hardware firms. Among the standout organizations is UrbanChain, a groundbreaking UK-based enterprise that connects renewable energy producers with consumers every half hour, securing the third position among fifty software companies listed.
A Milestone for Women Entrepreneurs
UrbanChain is also noteworthy as one of only 17 businesses in this ranking that are either led or co-founded by female entrepreneurs.
Remarkable Growth Metrics
This vibrant company operates out of Manchester Science Park and boasts an impressive annual growth rate of 334.39%, earning it fourth place overall in the comprehensive list.
A Journey Marked by Success and Persistence
“I distinctly recall UrbanChain’s mention in The Times’ ‘Rising Stars Series: Companies Thriving in North West’ back in September 2021,” reflected Somayeh Taheri. “The contrast from then to our current standing highlights our remarkable journey.”
She elaborated: “Our team collectively shares a profound sense of accomplishment today. Acknowledgements like these mark pivotal moments in our development.”
Tremendous Revenue Surge Amidst Innovation
The innovative platform—designed to facilitate half-hourly exchanges between renewable energy generators and users such as local governments, hospitals, commercial offices, and private enterprises—achieved a staggering tenfold increase in revenue last year, arriving at £25 million for 2024.
The Sunday Times report disclosed that UrbanChain stands out as one of only four profitable entities within the top ten software companies ranking.
Pioneering Technology Meets Market Demand
Founded by visionaries Somayeh Taheri (42), Mo Hajhashem (39), and Ayesha Naureen (40) back in 2017, UrbanChain seeks to establish a transparent marketplace for small-scale renewable energy producers connecting directly with customers. Located at Manchester Science Park, their operations utilize advanced artificial intelligence alongside distributed ledger technology to streamline transactions while removing intermediaries such as traditional power companies.
An Eye Towards Expansion
The company’s reported revenues encompass electricity costs; they have obtained licensing from Ofgem—the UK’s energy regulatory body—to supply power to non-residential clients nationally. Moreover, plans are underway for expansion into international markets including both Ireland and the United States later this year. Currently on a fundraising drive aiming for around £50 million capital injection—with £10.5 million secured thus far—it remains optimistic about future projects.
Acknowledging Rapid Advancements within Technology Sector
The Sunday Times Tech 100 highlights Britain’s most rapidly advancing private tech establishments—backed by financial institutions including Singer Capital Markets, HSBC Innovation Bankingyields reliable analytical insights into evolving industry landscapes helping investors spot emerging opportunities early on during these times .
Please set your calendar—the founders will represent UrbanChain at an exclusive awards ceremony followed by a networking dinner at The Londoner located at Leicester Square on April 3rd Thursday night marking another significant occasion within team history creating further connections throughout professional networks!