About REC Silicon
REC Silicon is a company based in Lysaker (Norway) founded in 1983.. The company has 466 employees as of December 31, 2024. REC Silicon offers products and services including Signature Silane®, Specialty Gases, Electronic-Grade Polysilicon, and Solar Grade Polysilicon. REC Silicon operates in a competitive market with competitors including Ferroglobe, Silicor Materials, Jiangxi LDK Solar Hi-Tech, Hemlock Semiconductors and Qatar Solar Tech, among others.
- Headquarter Lysaker, Norway
- Employees 466 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 Rec Silicon Asa
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Annual Revenue
$133 M (USD)1.74as on Dec 31, 2024
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Net Profit
$-433.35 M (USD)-1625.46as on Dec 31, 2024
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EBITDA
$-16.29 M (USD)14.64as on Dec 31, 2024
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Latest Funding Round
$160 M (USD), Post-IPO
Nov 18, 2021
- Investors
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Employee Count
466
as on Dec 31, 2024
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IPO & Listings of REC Silicon
REC Silicon is a publicly listed company on the OSL with ticker symbol RECSI in Norway, operating in the Process industries 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.
Products & Services of REC Silicon
REC Silicon offers a comprehensive portfolio of products and services, including Signature Silane®, Specialty Gases, Electronic-Grade Polysilicon, and Solar Grade Polysilicon. 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.
Pure silicon gas for memory processes and battery production
Gases for flat panel displays and solar cell manufacturing
Materials for electric vehicles and 5G communications
Polysilicon for solar ingots and wafer production
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Funding Insights of REC Silicon
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $160.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2021 | Amount | Post-IPO - REC Silicon | Valuation |
investors |
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| Oct, 2020 | Amount | Post-IPO - REC Silicon | Valuation |
investors |
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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 REC Silicon
REC Silicon has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Hanwha Solutions. 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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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 REC Silicon
| 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 - REC Silicon
| 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 |
Rec Silicon Comparisons
Competitors of REC Silicon
REC Silicon 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 Ferroglobe, Silicor Materials, Jiangxi LDK Solar Hi-Tech, Hemlock Semiconductors and Qatar Solar Tech, 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 |
Silicon metal and ferroalloys are produced for industrial applications.
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| domain | founded_year | HQ Location |
Produces high-quality silicon for manufacturing solar photovoltaic cells.
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| domain | founded_year | HQ Location |
Poly-silicon, ingots, wafers, batteries, and solar components are manufactured.
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| domain | founded_year | HQ Location |
Manufactures hyper-pure polysilicon for solar panels, electronics, and global supply chains.
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| domain | founded_year | HQ Location |
Produces high-quality polysilicon for solar energy applications.
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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 Rec Silicon
Frequently Asked Questions about REC Silicon
When was REC Silicon founded?
REC Silicon was founded in 1983 and raised its 1st funding round 37 years after it was founded.
Where is REC Silicon located?
REC Silicon is headquartered in Lysaker, Norway.
How many employees does REC Silicon have?
As of Dec 31, 2024, the latest employee count at REC Silicon is 466.
What is the annual revenue of REC Silicon?
Annual revenue of REC Silicon is $133M as on Dec 31, 2024.
What does REC Silicon do?
REC Silicon is engaged in developing and manufacturing solar electronic grade polysilicon and silane gas raw material for solar panel manufacturers and the electronics industry. Polysilicon material comes in forms like granular, as-grown Siemens rods, rod segments, chunks, chips, and fines. Both materials could be used in CZ monocrystalline based ingotwafer manufacturing, novel wafer applications, casting multi-crystalline based ingotwafer manufacturing, smartphones, flat screen TVs, laptops, and hybrid electric vehicles. Holds a manufacturing plant with the capacity of producing more than 20,000 MT of polysilicon and 29,000 MT of silane gas annually.
Who are the top competitors of REC Silicon?
REC Silicon's top competitors include Ferroglobe, Jiangxi LDK Solar Hi-Tech and Solarsilicon Recycling Services.
What products or services does REC Silicon offer?
REC Silicon offers Signature Silane®, Specialty Gases, Electronic-Grade Polysilicon, and Solar Grade Polysilicon.
Is REC Silicon publicly traded?
Yes, REC Silicon is publicly traded on OSL under the ticker symbol RECSI.
Who are REC Silicon's investors?
REC Silicon has 1 investor. Key investors include Hanwha Solutions.
What is REC Silicon's ticker symbol?
The ticker symbol of REC Silicon is RECSI on OSL.