About GCL New Energy
GCL New Energy is a company based in Suzhou (China) founded in 2014.. The company has 1,070 employees as of December 31, 2024. GCL New Energy operates in a competitive market with competitors including InterContinental Energy, AES, Allinfra, Panda Green Energy Group and INVT Electric, among others.
- Headquarter Suzhou, China
- Employees 1070 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Gcl New Energy Holdings Limited
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Annual Revenue
$154.51 M (USD)30.72as on Dec 31, 2024
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Net Profit
$-59.2 M (USD)64.31as on Dec 31, 2024
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EBITDA
$-36.35 M (USD)-512.54as on Dec 31, 2024
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Latest Funding Round
$1.02 B (USD), Post-IPO
Nov 21, 2017
- Investors
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Employee Count
1070
as on Dec 31, 2024
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IPO & Listings of GCL New Energy
GCL New Energy is a publicly listed company on the HKEX with ticker symbol 451 in Hong Kong, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of GCL New Energy
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $1.0B
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First Round
First Round
(21 Nov 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Post-IPO - GCL New Energy | 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 GCL New Energy
GCL New Energy has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include China Taiping Insurance Group. 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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Diversified insurance and financial services are provided globally.
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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 GCL New Energy
| 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 - GCL New Energy
| 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 |
Gcl New Energy Comparisons
Competitors of GCL New Energy
GCL New Energy 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 InterContinental Energy, AES, Allinfra, Panda Green Energy Group and INVT Electric, 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 |
Solar and wind energy projects are developed by the company.
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| domain | founded_year | HQ Location |
Electric power is generated and distributed globally by AES.
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| domain | founded_year | HQ Location |
Solar energy projects are developed by Allinfra in Hong Kong.
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| domain | founded_year | HQ Location |
Utility-scale and rooftop solar power projects are developed and financed.
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| domain | founded_year | HQ Location |
Solar energy projects are developed by INVT Electric in China.
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| domain | founded_year | HQ Location |
Solar and wind energy projects are developed in renewable sector.
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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 Gcl New Energy
Frequently Asked Questions about GCL New Energy
When was GCL New Energy founded?
GCL New Energy was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is GCL New Energy located?
GCL New Energy is headquartered in Suzhou, China. It is registered at Suzhou, Jiangsu, China.
How many employees does GCL New Energy have?
As of Dec 31, 2024, the latest employee count at GCL New Energy is 1,070.
What is the annual revenue of GCL New Energy?
Annual revenue of GCL New Energy is $154.51M as on Dec 31, 2024.
What does GCL New Energy do?
GCL New Energy was established in 2014 in Suzhou, China, within the renewable energy sector. Solar energy projects are developed and managed by the company, focusing on photovoltaic installations and related infrastructure. Operations are centered in China, with services encompassing project planning, construction, and maintenance for utility-scale solar facilities. The domain gclnewenergy.com is utilized for online presence and information dissemination.
Who are the top competitors of GCL New Energy?
GCL New Energy's top competitors include InterContinental Energy, INVT Electric and AES.
Is GCL New Energy publicly traded?
Yes, GCL New Energy is publicly traded on HKEX under the ticker symbol 451.
Who are GCL New Energy's investors?
GCL New Energy has 1 investor. Key investors include China Taiping Insurance Group.
What is GCL New Energy's ticker symbol?
The ticker symbol of GCL New Energy is 451 on HKEX.