Astronergy
Latest round
- Series C
Last raised
- Jul 2023
Total raised
- $548M
Investors
- 8
About Astronergy
Astronergy is a leading manufacturer of high-efficiency solar panels, focusing on providing sustainable energy solutions to a diverse range of end users. Their core product offerings include photovoltaic (PV) modules designed for both residential and commercial applications, which effectively convert sunlight into usable electricity. The company serves a global client base, including utility companies, construction firms, and individual homeowners, addressing the growing demand for renewable energy sources. Notably, Astronergy has established operations in various international markets, including Germany, Colombia, Australia, and Vietnam, where they have successfully deployed solar projects that range in capacity from small-scale installations to large solar farms.Astronergy generates revenue primarily through direct sales of its solar panel products to commercial and residential customers, as well as through partnerships with utility companies and distributors. The transaction structure generally involves B2B relationships, where clients purchase solar modules in bulk for large-scale projects or installations. Additionally, the company may engage in long-term supply agreements to ensure a consistent flow of products to its partners. Revenue is driven by the sales of their flagship solar panel products, which are characterized by advanced technology and high performance in energy conversion. The company plans to expand its market presence into additional countries in Southeast Asia and South America by 2025, leveraging the recent investment to bolster its capabilities in these regions.
Who invested in Astronergy
8 investors across 3 rounds
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Questions about Astronergy
Who invested in Astronergy?
Astronergy has 8 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Astronergy raised?
Astronergy has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Astronergy last raise money?
Astronergy's most recent round on record is a Series C, in Jul 2023.
What does Astronergy do?
Astronergy is a leading manufacturer of high-efficiency solar panels, focusing on providing sustainable energy solutions to a diverse range of end users.
Where is Astronergy headquartered?
Astronergy is headquartered in Hangzhou, China.
Which VCs invest in companies like Astronergy?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back renewable energy companies at Astronergy's stage. Their profiles are linked below.
VCs backing renewable energy startups at Series C
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