About Bentek
Bentek is a company based in San Jose (United States) founded in 1985 was acquired by Nextracker in May 2025.. The company has 189 employees as of December 31, 2022. Bentek offers products and services including Solar Combiners, Trunk Bus Solutions, Control and Power Boxes, Cable and Wire Harnesses, and Energy Storage Boxes. Bentek operates in a competitive market with competitors including Sungrow, MRO-TEK, Fronius, Hoymiles Converter Technology and Consul NeoWatt, among others.
- Headquarter San Jose, United States
- Employees 189 as on 31 Dec, 2022
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bentek Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$8 M (USD), Debt – Conventional
May 08, 2020
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Investors
Nextracker
& 2 more
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Employee Count
189
as on Dec 31, 2022
- Acquired by
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Products & Services of Bentek
Bentek offers a comprehensive portfolio of products and services, including Solar Combiners, Trunk Bus Solutions, Control and Power Boxes, Cable and Wire Harnesses, and Energy Storage Boxes. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Components for integrating utility-scale solar systems
Electrical systems for solar energy distribution
Assemblies for industrial control and power applications
Custom assemblies for energy storage and electronics
Units for energy storage system integration
Funding Insights of Bentek
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $8.0M
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First Round
First Round
(08 May 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Debt – Conventional - Bentek | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bentek
Bentek has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Nextracker, Gibraltar Business Capital and Fundamental Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Fundamental Capital is engaged in private equity investments for growth companies.
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Founded Year | Domain | Location | |
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Working capital and asset-based loans are provided to businesses.
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Founded Year | Domain | Location | |
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Solar panel tracking software is provided for monitoring and control.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bentek
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bentek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bentek Comparisons
Competitors of Bentek
Bentek operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sungrow, MRO-TEK, Fronius, Hoymiles Converter Technology and Consul NeoWatt, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
PV Inverter and Power Storage developer
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| domain | founded_year | HQ Location |
Solar UPS, inverters, and charge controllers are manufactured by MRO-TEK.
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| domain | founded_year | HQ Location |
BoS units and grid-integrated inverters for solar plants are developed.
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| domain | founded_year | HQ Location |
Hoymiles Converter Technology produces high-quality microinverters and power electronics for the solar industry.
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| domain | founded_year | HQ Location |
Power backup products and solutions are manufactured for multiple sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bentek
Frequently Asked Questions about Bentek
When was Bentek founded?
Bentek was founded in 1985 and raised its 1st funding round 35 years after it was founded.
Where is Bentek located?
Bentek is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
How many employees does Bentek have?
As of Dec 31, 2022, the latest employee count at Bentek is 189.
What does Bentek do?
Founded in 1985 and based in San Jose, United States, operations are focused on the solar energy sector. Balance-of-system products, such as string combiners, recombiners, disconnect systems, inverter racking, and accessories, are designed and manufactured. Solar solutions are provided to commercial, utility, and residential clients through these offerings.
Who are the top competitors of Bentek?
What products or services does Bentek offer?
Bentek offers Solar Combiners, Trunk Bus Solutions, Control and Power Boxes, Cable and Wire Harnesses, and Energy Storage Boxes.
Who are Bentek's investors?
Bentek has 3 investors. Key investors include Nextracker, Gibraltar Business Capital, and Fundamental Capital.
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