About RETC
RETC is a company based in Fremont (United States) founded in 2009 was acquired by Marubeni in March 2018. It operates as a Professional Services. RETC has raised $2 million across 1 funding round from investors including Marubeni. RETC has completed 1 acquisition, including SolarPTL. RETC offers products and services including Photovoltaic Testing, Inverter Testing, Storage Testing, and Racking Testing. RETC operates in a competitive market with competitors including Dominion Energy, Enel X, Lightsource BP, EDF Renewable Energy and Origis Energy, among others.
- Headquarter Fremont, United States
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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 Retc, Llc
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Products & Services of RETC
RETC offers a comprehensive portfolio of products and services, including Photovoltaic Testing, Inverter Testing, Storage Testing, and Racking Testing. 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.
Testing services for photovoltaic products are provided expertly.
Inverter performance is evaluated through specialized testing methods.
Storage systems are tested for efficiency and reliability standards.
Racking solutions are assessed for durability and safety compliance.
Funding Insights of RETC
RETC has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in August 2009. 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 1
- Last Round Seed — $2.0M
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First Round
First Round
(31 Aug 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2009 | Amount | Seed - RETC | 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 RETC
RETC has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Marubeni. 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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Integrated trading and investment services are provided across diverse industries.
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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 RETC
RETC has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SolarPTL. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Monitoring and inspections of solar PV panels are provided.
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1992 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - RETC
| 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 |
Retc Comparisons
Competitors of RETC
RETC 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 Dominion Energy, Enel X, Lightsource BP, EDF Renewable Energy and Origis Energy, 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 |
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| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
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| domain | founded_year | HQ Location |
Utility-scale renewable energy projects are developed by Enel X.
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| domain | founded_year | HQ Location |
Solar energy projects are developed and operated by Lightsource BP.
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| domain | founded_year | HQ Location |
Solar and wind energy projects are developed and operated.
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| domain | founded_year | HQ Location |
Utility-scale and commercial solar projects are developed worldwide.
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| domain | founded_year | HQ Location |
Infrastructure construction company
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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 Retc
Frequently Asked Questions about RETC
When was RETC founded?
RETC was founded in 2009.
Where is RETC located?
RETC is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Is RETC a funded company?
RETC is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Aug 31, 2009.
What does RETC do?
Engineering services and certification testing for photovoltaic and renewable energy products are offered by RETC, LLC. Focus is placed on testing a wide range of modules, inverters, storage systems, and racking solutions from various manufacturers. The company operates in the renewable energy sector, supporting manufacturers, investors, and engineers from RD to market entry and bankability. Data-backed reports and evaluations on product performance are delivered, adhering to the latest testing standards and industry methods. Additionally, sustainability is emphasized through initiatives like donating refurbished PV modules to underserved communities.
Who are the top competitors of RETC?
RETC's top competitors include Enel X, Lightsource BP and Dominion Energy.
What products or services does RETC offer?
RETC offers Photovoltaic Testing, Inverter Testing, Storage Testing, and Racking Testing.
How many acquisitions has RETC made?
RETC has made 1 acquisition, including SolarPTL.
Who are RETC's investors?
RETC has 1 investor. Key investors include Marubeni.
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