About Satcon
Satcon is a company based in Shenzhen (China) founded in 1985 was acquired by China Electronics GreatWall Energy in June 2013.. Satcon has raised $16 million across 3 funding rounds from investors including OSTI.GOV and China Electronics GreatWall Energy. The company has 31 employees as of April 05, 2024. Satcon has completed 1 acquisition, including Inverpower Controls. Satcon operates in a competitive market with competitors including Sungrow, Fronius, SolarBridge, Hoymiles Converter Technology and MRO-TEK, among others.
- Headquarter Shenzhen, China
- Employees 31 as on 05 Apr, 2024
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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 Satcon Technologies Private Limited
- Date of Incorporation 20 Jan, 2020
- Jurisdiction Madhapur, Telangana, India
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Annual Revenue
$1.25 M (USD)15.75as on Mar 31, 2023
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Net Profit
$76.14 K (USD)219.69as on Mar 31, 2023
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EBITDA
$76.69 K (USD)221.19as on Mar 31, 2023
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Total Equity Funding
$16 M (USD)
in 3 rounds
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Latest Funding Round
$1.37 M (USD), Grant
Sep 16, 2011
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Investors
OSTI.GOV
& 1 more
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Employee Count
31
as on Apr 05, 2024
- Investments & Acquisitions
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Acquired by
China Electronics GreatWall Energy
(Jun 01, 2013)
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Funding Insights of Satcon
Satcon has successfully raised a total of $16M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $1.37 million completed in September 2011. 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 3
- Last Round Grant — $1.4M
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First Round
First Round
(20 Jul 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2011 | Amount | Grant - Satcon | Valuation |
investors |
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| Jul, 2011 | Amount | Series B - Satcon | Valuation |
investors |
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| Jul, 2009 | Amount | Grant - Satcon | Valuation |
investors |
| 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 Satcon
Satcon has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include OSTI.GOV and China Electronics GreatWall Energy. 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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Scientific and technical information is managed and disseminated by OSTI.GOV.
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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 Satcon
Satcon has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Inverpower Controls. 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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Power control systems are designed and manufactured for industrial use.
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2015 |
| 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 - Satcon
| 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 |
Satcon Comparisons
Competitors of Satcon
Satcon 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 Sungrow, Fronius, SolarBridge, Hoymiles Converter Technology and MRO-TEK, 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 |
PV Inverter and Power Storage developer
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| domain | founded_year | HQ Location |
BoS units and grid-integrated inverters for solar plants are developed.
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| domain | founded_year | HQ Location |
Microinverters and monitoring solutions for solar systems are manufactured.
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| domain | founded_year | HQ Location |
Hoymiles Converter Technology produces high-quality microinverters and power electronics for the solar industry.
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| domain | founded_year | HQ Location |
Solar UPS, inverters, and charge controllers are manufactured by MRO-TEK.
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| domain | founded_year | HQ Location |
Ampt is focused on DC power management for PV systems.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Satcon
When was Satcon founded?
Satcon was founded in 1985 and raised its 1st funding round 24 years after it was founded.
Where is Satcon located?
Satcon is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Who is the current CEO of Satcon?
Alain Corcos is the current CEO of Satcon.
Is Satcon a funded company?
Satcon is a funded company, having raised a total of $16M across 3 funding rounds to date. The company's 1st funding round was a Grant of $398.33K, raised on Jul 20, 2009.
How many employees does Satcon have?
As of Apr 05, 2024, the latest employee count at Satcon is 31.
What is the annual revenue of Satcon?
Annual revenue of Satcon is $1.25M as on Mar 31, 2023.
What does Satcon do?
Satcon was founded in 1985 and focuses on the renewable energy sector, where solar and fuel cell inverters are produced. Models including PowerGate Plus, Equinox, and ContainerPlus are offered across 12 power ratings from 30kW to 1MW. Acquisition by Great Wall Energy occurred in 2013, with operations now based in Shenzhen, China. Leadership is provided by CEO and President Alain Corcos.
Who are the top competitors of Satcon?
How many acquisitions has Satcon made?
Satcon has made 1 acquisition, including Inverpower Controls.
Who are Satcon's investors?
Satcon has 2 investors. Key investors include OSTI.GOV, and China Electronics GreatWall Energy.