About HHV Solar Technologies
HHV Solar Technologies is a company based in Bengaluru (India) founded in 2008 was acquired by Swelect Energy Systems in August 2014.. HHV Solar Technologies has raised $13.36 million across 2 funding rounds from investors including Swelect Energy Systems, SIDBI Venture Capital and Hind High Vaccum. HHV Solar Technologies offers products and services including Solar PV Module, Solar Inverter, Solar Water Pump, and Servo Stabilizers. HHV Solar Technologies operates in a competitive market with competitors including Kyocera, Trina Solar, Goldi Solar, Su-Kam Power Systems and Emmvee, among others.
- Headquarter Bengaluru, India
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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 Hhv Solar Technologies Limited
- Date of Incorporation 24 Dec, 2007
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$15.93 M (USD)46.67as on Mar 31, 2015
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Net Profit
$-150.2 K (USD)84.3as on Mar 31, 2015
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EBITDA
$213.76 K (USD)165.05as on Mar 31, 2015
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Total Equity Funding
$13.36 M (USD)
in 2 rounds
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Latest Funding Round
$3.99 M (USD), Series B
Jan 08, 2013
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Investors
Swelect Energy Systems
& 3 more
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Employee Count
Employee Count
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Acquired by
Swelect Energy Systems
(Aug 03, 2014)
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Products & Services of HHV Solar Technologies
HHV Solar Technologies offers a comprehensive portfolio of products and services, including Solar PV Module, Solar Inverter, Solar Water Pump, and Servo Stabilizers. 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.
High-efficiency modules for solar power generation and installation
Converts solar energy into usable electricity for systems
Pumps water using solar power for agricultural use
Stabilizes voltage for reliable energy supply
Funding Insights of HHV Solar Technologies
HHV Solar Technologies has successfully raised a total of $13.36M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $3.99 million completed in January 2013. 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 B — $4.0M
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First Round
First Round
(01 Mar 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2013 | Amount | Series B - HHV Solar Technologies | Valuation | Swelect Energy Systems |
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| Mar, 2008 | Amount | Series A - HHV Solar Technologies | 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 HHV Solar Technologies
HHV Solar Technologies has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Swelect Energy Systems, SIDBI Venture Capital and Hind High Vaccum. 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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Venture capital management for SMEs and startups in India.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward Central Asian middle-market companies.
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Founded Year | Domain | Location | |
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Turnkey EPC services for MW-scale solar farms are offered.
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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 HHV Solar Technologies
| 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 - HHV Solar Technologies
| 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 |
Hhv Solar Technologies Comparisons
Competitors of HHV Solar Technologies
HHV Solar Technologies 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 Kyocera, Trina Solar, Goldi Solar, Su-Kam Power Systems and Emmvee, 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 |
Kyocera is engaged in providing technology solutions globally.
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| domain | founded_year | HQ Location |
Photovoltaic cells for PV and smart energy solutions are developed.
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| domain | founded_year | HQ Location |
Manufacturer of solar PV modules
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| domain | founded_year | HQ Location |
Solar panels and power storage products are manufactured.
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| domain | founded_year | HQ Location |
Manufactures solar panels, water heaters, and turnkey solutions for renewable energy.
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| domain | founded_year | HQ Location |
Manufacturer of solar panel
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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 Hhv Solar Technologies
Frequently Asked Questions about HHV Solar Technologies
When was HHV Solar Technologies founded?
HHV Solar Technologies was founded in 2008.
Where is HHV Solar Technologies located?
HHV Solar Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of HHV Solar Technologies?
Ramasamy Gounder Chellappan is the current CEO of HHV Solar Technologies.
Is HHV Solar Technologies a funded company?
HHV Solar Technologies is a funded company, having raised a total of $13.36M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9.37M, raised on Mar 01, 2008.
What is the annual revenue of HHV Solar Technologies?
Annual revenue of HHV Solar Technologies is $15.93M as on Mar 31, 2015.
What does HHV Solar Technologies do?
HHV Solar Technologies was established in 2008 and is based in Bengaluru, India. Operations center on the production of photovoltaic modules within the solar energy sector. Manufacturing processes and related services are handled from the companys facilities. Leadership is provided by Director Nagarjun Sakhamuri and CEO Ramasamy Gounder Chellappan. The domain hhvsolar.com supports online presence and information dissemination.
Who are the top competitors of HHV Solar Technologies?
HHV Solar Technologies's top competitors include Goldi Solar, Trina Solar and Kyocera.
What products or services does HHV Solar Technologies offer?
HHV Solar Technologies offers Solar PV Module, Solar Inverter, Solar Water Pump, and Servo Stabilizers.
Who are HHV Solar Technologies's investors?
HHV Solar Technologies has 4 investors. Key investors include Swelect Energy Systems, SIDBI Venture Capital, Hind High Vaccum, and Aureos Capital.