# Hoymiles Power Electronics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hoymiles-power-electronics

- Industry: Power & Utilities
- Headquarters: Hangzhou, China
- Website: www.hoymiles.com
- Total disclosed funding: $28M
- Latest round: Series A (Sep 27, 2017)
- Investors on record: 2

## About

Established in 2012 and based in Hangzhou, China, Hoymiles Power Electronics Inc. operates as a new energy brand that provides solar inverter. Headquartered in Hangzhou, the company also has overseas branches in North America, Latin America and Europe. Dr. Bo Yang, the company of CEO and founder, graduated from Zhejiang University with a PhD in power electronics. The company began R&D cooperation with Japan Fuji Electric Co. Ltd. in 2013. At the end of June 2021, the company had 157 R&D and technical staff. The company listed on the Shanghai Stock Exchange in December 2021 and the code number is 688032.

The products of the company includes microinverters and monitoring equipment, as well as modular inverters and other power conversion equipment. Micro-inverters have power point tracking and monitoring and management functions and are mainly used in distributed power generation systems such as general household and commercial and industrial. The use scenario of modular inverters and other power conversion equipment is mainly for PV ground power plants. The main products of the company's electrical equipment business include high-voltage switchgear, low-voltage switchgear and distribution boxes, etc.

In 2020, the company's revenue is 495 million and new income is 104.1 million.

## Funding rounds

- Series A, Sep 27, 2017, $28M — Zheda Youchuang Capital, Jiuzhi Capital

## Investors

- Zheda Youchuang Capital (https://capitalatlas.ai/funds/zheda-youchuang-capital) — Series A
- Jiuzhi Capital (https://capitalatlas.ai/funds/jiuzhi-capital) — Series A