About NexWafe
NexWafe is a company founded in 2015 by Roy Segev.. NexWafe has raised $120.59 million across 12 funding rounds from investors including EIT InnoEnergy, Fraunhofer and Reliance Industries. The company has 26 employees as of December 31, 2020. NexWafe offers products and services including EpiNex Wafers. NexWafe operates in a competitive market with competitors including Hanwha, Pennar, NorSun, Daqo New Energy and Otovo, among others.
- Employees 26 as on 31 Dec, 2020
- Founders Roy Segev
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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
*********
- Legal Name Nexwafe Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$120.59 M (USD)
in 12 rounds
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Latest Funding Round
$32.15 M (USD), Series C
May 31, 2023
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Investors
EIT InnoEnergy
& 16 more
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Employee Count
26
as on Dec 31, 2020
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Products & Services of NexWafe
NexWafe offers a comprehensive portfolio of products and services, including EpiNex Wafers. 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 wafers for photovoltaic applications in energy transition.
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Funding Insights of NexWafe
NexWafe has successfully raised a total of $120.59M across 12 strategic funding rounds. The most recent funding activity was a Series C round of $32.15 million completed in May 2023. 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 12
- Last Round Series C — $32.2M
- First Round First Round
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series C - NexWafe | Valuation |
investors |
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| Jan, 2023 | Amount | Grant - NexWafe | Valuation |
investors |
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| Apr, 2022 | Amount | Series C - NexWafe | Valuation | Ecosummit |
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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 NexWafe
NexWafe has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include EIT InnoEnergy, Fraunhofer and Reliance Industries. 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-stage startups are targeted for investment by Aramco Ventures.
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Founded Year | Domain | Location | |
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Athos Capital is focused on early-stage venture investments.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund focused on multiple sectors
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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 NexWafe
| 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 - NexWafe
| 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 |
Nexwafe Comparisons
Competitors of NexWafe
NexWafe 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, NorSun, Daqo New Energy and Otovo, 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 |
Mono-crystalline silicon wafers are supplied for the solar energy sector.
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| domain | founded_year | HQ Location |
Polysilicon and silicon wafers are manufactured for solar applications.
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| domain | founded_year | HQ Location |
Homeowners are connected to solar panel installers via a marketplace.
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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 Nexwafe
Frequently Asked Questions about NexWafe
When was NexWafe founded?
NexWafe was founded in 2015.
Is NexWafe a funded company?
NexWafe is a funded company, having raised a total of $120.59M across 12 funding rounds to date. The company's 1st funding round was a Series C of $7.59M, raised on Jul 13, 2015.
How many employees does NexWafe have?
As of Dec 31, 2020, the latest employee count at NexWafe is 26.
What does NexWafe do?
NexWafe was founded in 2015 in the solar photovoltaic sector. Wafers for solar cells are produced using the Kerfless Wafering Technique, which minimizes raw material wastage and reduces production costs relative to conventional methods. These wafers are supplied to producers of solar cells. Operations focus on efficient manufacturing processes within the renewable energy industry.
Who are the top competitors of NexWafe?
NexWafe's top competitors include Pennar, Astronergy and SGL Carbon.
What products or services does NexWafe offer?
NexWafe offers EpiNex Wafers.
Who are NexWafe's investors?
NexWafe has 17 investors. Key investors include EIT InnoEnergy, Fraunhofer, Reliance Industries, European Union, and Aramco Ventures.