About Raygen
Raygen is a company based in Hawthorn East (Australia) founded in 2005 by John Lasich. Raygen has raised $112.42 million across 6 funding rounds from investors including SLB, Oxy and AGL Energy. Raygen offers products and services including Solar Module, Energy Storage System, and Power Plant Services. Raygen operates in a competitive market with competitors including Form Energy, Ambri, Northvolt, Verkor and Hydrostor, among others.
- Headquarter Hawthorn East, Australia
- Founders John Lasich
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Sectors
Energy & Utilities
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Raygen Resources Pty. Ltd.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$112.42 M (USD)
in 6 rounds
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Latest Funding Round
$76.7 M (USD), Series D
Apr 10, 2025
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Investors
SLB
& 10 more
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Employee Count
Not available
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Products & Services of Raygen
Raygen offers a comprehensive portfolio of products and services, including Solar Module, Energy Storage System, and Power Plant Services.
High-efficiency solar panels for electricity generation and storage.
Long-duration storage for on-demand energy supply and grid support.
Systems for dispatchable renewable energy and frequency control.
People of Raygen
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Funding Insights of Raygen
Raygen has successfully raised a total of $112.42M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $76.7 million completed in April 2025. 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 Raygen
Raygen has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include SLB, Oxy and AGL Energy.
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Breakthrough Victoria is focused on investing in innovation for economic growth.
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Cleantech sector funding is provided via venture capital investments.
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Government agency and accelerator focusing on innovative startups and SMEs
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Investor details for Raygen
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Investments & Acquisitions by Raygen
Investment portfolio details for Raygen
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Financial Statements - Raygen
Detailed financials for Raygen
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Raygen Comparisons
Peer comparison for Raygen
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Competitors of Raygen
Raygen 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 Form Energy, Ambri, Northvolt, Verkor and Hydrostor, among others.
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Iron-air energy storage systems are developed for renewable energy projects.
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Liquid metal batteries are provided for long-duration energy storage.
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Lithium-ion batteries for electric vehicles are manufactured and optimized.
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Lithium-ion batteries are manufactured for electric vehicles and storage.
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Compressed air is stored underwater for electricity generation.
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Solutions for compressed air energy storage systems are provided.
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Detailed competitors of Raygen
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Latest news on Raygen
Complete news archive for Raygen
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Frequently Asked Questions about Raygen
Raygen was founded in 2005 and raised its 1st funding round 10 years after it was founded.
Raygen is headquartered in Hawthorn East, Australia. It is registered at Hawthorn East, Victoria, Australia.
Raygen is a funded company, having raised a total of $112.42M across 6 funding rounds to date.
Raygen was founded in 2005 and is headquartered in Hawthorn East, Australia. Concentrated photovoltaic (CPV) systems are developed and supplied by the company within the renewable energy sector. Mirrors are utilized in these systems to focus sunlight onto high-efficiency PV cells, which are designed to deliver 1500 times the power output of conventional cells. Operations emphasize solar technology innovation for utility-scale applications.
Raygen's top competitors include Form Energy, Northvolt and Ambri.
Raygen offers Solar Module, Energy Storage System, and Power Plant Services.
Raygen has 11 investors. Key investors include SLB, Oxy, AGL Energy, Chevron, and Equinor.