About ET Solar
ET Solar is a company based in Nanjing (China) founded in 2005 by Xinghua Wang.. ET Solar has raised $50 million across 2 funding rounds from investors including NewMargin Ventures, Development Principles Hong Kong and Ceyuan Ventures. ET Solar offers products and services including Photovoltaic Modules and Smart Energy Solutions. ET Solar operates in a competitive market with competitors including Hanwha, Pennar, Otovo, GCL Technology Holdings and Astronergy, among others.
- Headquarter Nanjing, China
- Founders Xinghua Wang
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Et Solar Group
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 2 rounds
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Latest Funding Round
$31 M (USD), Series A
Jul 20, 2008
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Investors
NewMargin Ventures
& 4 more
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Employee Count
Employee Count
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Products & Services of ET Solar
ET Solar offers a comprehensive portfolio of products and services, including Photovoltaic Modules and Smart Energy Solutions. 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.
Devices for generating solar energy from sunlight.
Optimized systems for solar technology and finance integration.
Funding Insights of ET Solar
ET Solar has successfully raised a total of $50M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $31 million completed in July 2008. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $31.0M
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First Round
First Round
(01 Mar 2008)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2008 | Amount | Series A - ET Solar | Valuation | NewMargin Ventures | |
| Mar, 2008 | Amount | Series A - ET Solar | Valuation | Tsing Capital |
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| 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 ET Solar
ET Solar has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include NewMargin Ventures, Development Principles Hong Kong and Ceyuan Ventures. 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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Early and growth Stage VC firm investing in China
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Founded Year | Domain | Location | |
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Early-stage tech investments in China are managed by Ceyuan Ventures.
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Founded Year | Domain | Location | |
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Tech & Energy focused Early & Growth stage Impact VC firm investing primarily in China and the US
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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 ET Solar
| 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 - ET Solar
| 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 |
Et Solar Comparisons
Competitors of ET Solar
ET Solar 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 Hanwha, Pennar, Otovo, GCL Technology Holdings and Astronergy, 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 |
Manufacturer of solar cells, modules, and other related components
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| domain | founded_year | HQ Location |
Precision-engineered products and building solutions are manufactured.
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| domain | founded_year | HQ Location |
Homeowners are connected to solar panel installers via a marketplace.
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| domain | founded_year | HQ Location |
Poly silicon and wafer products are manufactured by the company.
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| domain | founded_year | HQ Location |
Solar PV modules are manufactured by Astronergy in Haining, China.
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| domain | founded_year | HQ Location |
Solar photovoltaic modules are supplied for energy applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Et Solar
Frequently Asked Questions about ET Solar
When was ET Solar founded?
ET Solar was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Where is ET Solar located?
ET Solar is headquartered in Nanjing, China. It is registered at Nanjing, Jiangsu, China.
Who is the current CEO of ET Solar?
Dennis She is the current CEO of ET Solar.
Is ET Solar a funded company?
ET Solar is a funded company, having raised a total of $50M across 2 funding rounds to date. The company's 1st funding round was a Series A of $19M, raised on Mar 01, 2008.
What does ET Solar do?
ET Solar, led by Xinghua Wang as Founder, Dennis She as CEO, specializes in working in the energy sector, developing solar energy systems, hardware developer, generation equipment, pv, and module components. Manufacturer of solar PV modules. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Who are the top competitors of ET Solar?
ET Solar's top competitors include Pennar, SINTEF and Astronergy.
What products or services does ET Solar offer?
ET Solar offers Photovoltaic Modules and Smart Energy Solutions.
Who are ET Solar's investors?
ET Solar has 5 investors. Key investors include NewMargin Ventures, Development Principles Hong Kong, Ceyuan Ventures, Partners Group, and Tsing Capital.