About NorSun
NorSun is a company based in Oslo (Norway) founded in 2005. It operates as a Direct-to-Consumer (D2C). NorSun has raised $100.34 million across 11 funding rounds from investors including Nordea, DNB and Enova. The company has 228 employees as of December 31, 2021. NorSun offers products and services including Mono-Crystalline Silicon Wafers and Mono-Crystalline Silicon Ingots. NorSun operates in a competitive market with competitors including NexWafe, Hanwha, Pennar, Daqo New Energy and Otovo, among others.
- Headquarter Oslo, Norway
- Employees 228 as on 31 Dec, 2021
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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 Norsun As
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Annual Revenue
$20.95 M (USD)-41as on Dec 31, 2023
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Net Profit
-$13.68 M (USD)-153as on Dec 31, 2023
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EBITDA
-$17.08 M (USD)-166as on Dec 31, 2023
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Total Equity Funding
$100.34 M (USD)
in 11 rounds
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Latest Funding Round
$8.5 M (USD), Series C
Aug 17, 2023
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Investors
Nordea
& 10 more
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Employee Count
228
as on Dec 31, 2021
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Products & Services of NorSun
NorSun offers a comprehensive portfolio of products and services, including Mono-Crystalline Silicon Wafers and Mono-Crystalline Silicon Ingots.
High efficiency wafers are supplied to solar manufacturers.
Silicon ingots are produced for solar energy applications.
Funding Insights of NorSun
NorSun has successfully raised a total of $100.34M across 11 strategic funding rounds. The most recent funding activity was a Series C round of $8.5 million completed in August 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.
Investors in NorSun
NorSun has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Nordea, DNB and Enova.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in tech sectors
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Offers long-term investments in projects that reduce emissions and promote green shifts.
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Develops and implements technologies in renewable energy and advanced materials.
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Investor details for NorSun
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Investments & Acquisitions by NorSun
Investment portfolio details for NorSun
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Financial Statements - NorSun
Detailed financials for NorSun
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- Profit trends
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Norsun Comparisons
Peer comparison for NorSun
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Competitors of NorSun
NorSun 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 NexWafe, Hanwha, Pennar, Daqo New Energy and Otovo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Solar PV wafers are manufactured and supplied to cell producers.
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Manufacturer of solar cells, modules, and other related components
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Precision-engineered products and building solutions are manufactured.
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Polysilicon and silicon wafers are manufactured for solar applications.
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Homeowners are connected to solar panel installers via a marketplace.
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Detailed competitors of NorSun
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Latest news on Norsun
Complete news archive for NorSun
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Frequently Asked Questions about NorSun
NorSun was founded in 2005 and raised its 1st funding round 4 years after it was founded.
NorSun is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Erik Lokke Ower is the current CEO of NorSun.
NorSun is a funded company, having raised a total of $100.34M across 11 funding rounds to date.
As of Dec 31, 2021, the latest employee count at NorSun is 228.
Annual revenue of NorSun is $20.95M as on Dec 31, 2023.
NorSun, a Norwegian solar energy company, is focused on the production of high-performance mono-crystalline silicon ingots and wafers for the global solar energy industry. Dedicated to sustainable production, high-efficiency n-type wafers are manufactured with a certified low carbon footprint. Established as a supplier to tier-one cell manufacturers, operations are conducted with an emphasis on clean energy solutions for a sustainable future.
NorSun's top competitors include NexWafe, Pennar and Astronergy.
NorSun offers Mono-Crystalline Silicon Wafers and Mono-Crystalline Silicon Ingots.
NorSun has 11 investors. Key investors include Nordea, DNB, Enova, Innovasjon Norge, and European Union.