About Sofar Solar
Sofar Solar is a company based in Wuxi (China) founded in 2012.. The company has 1,560 employees as of December 31, 2024. Sofar Solar operates in a competitive market with competitors including SolarEdge, Enphase Energy, Imeon Energy, OptiSolar Technologies and Deye Inverter, among others.
- Headquarter Wuxi, China
- Employees 1560 as on 31 Dec, 2024
- Stage Public
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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 Shenzhen Sofarsolar Co., Ltd.
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Annual Revenue
$369.89 M (USD)-27.54as on Dec 31, 2024
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Net Profit
$35.47 M (USD)-24.09as on Dec 31, 2024
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EBITDA
$56.96 M (USD)13.23as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
1560
as on Dec 31, 2024
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IPO & Listings of Sofar Solar
Sofar Solar is a publicly listed company on the SZSE with ticker symbol 301658 in China, operating in the Electronic technology 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.
Funding Insights of Sofar Solar
| 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 |
Investments & Acquisitions by Sofar Solar
| 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 - Sofar Solar
| 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 |
Sofar Solar Comparisons
Competitors of Sofar Solar
Sofar Solar 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 SolarEdge, Enphase Energy, Imeon Energy, OptiSolar Technologies and Deye Inverter, 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 |
Manufacturer of smart solar inverters
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| domain | founded_year | HQ Location |
Micro-inverters and energy storage systems are manufactured for solar applications.
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| domain | founded_year | HQ Location |
Solar inverters with AI integration are designed and manufactured.
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| domain | founded_year | HQ Location |
Manufactures thin-film solar modules for energy solutions.
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| domain | founded_year | HQ Location |
Manufactures solar-powered products, including panels and energy 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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Latest news on Sofar Solar
Frequently Asked Questions about Sofar Solar
When was Sofar Solar founded?
Sofar Solar was founded in 2012.
Where is Sofar Solar located?
Sofar Solar is headquartered in Wuxi, China. It is registered at Wuxi, Jiangsu, China.
How many employees does Sofar Solar have?
As of Dec 31, 2024, the latest employee count at Sofar Solar is 1,560.
What is the annual revenue of Sofar Solar?
Annual revenue of Sofar Solar is $369.89M as on Dec 31, 2024.
What does Sofar Solar do?
Sofar Solar was established in 2012 as a subsidiary of the Sofar group in Wuxi, China. Operations focus on research and development, production, sales, and maintenance of grid-tied inverters for the renewable energy sector. Products include micro-inverters, units from 1kW to 5kW for residential use, and 10kW to 40kW models for commercial applications, along with related solar project components.
Who are the top competitors of Sofar Solar?
Sofar Solar's top competitors include SolarEdge, Enphase Energy and Imeon Energy.
Is Sofar Solar publicly traded?
Yes, Sofar Solar is publicly traded on SZSE under the ticker symbol 301658.
What is Sofar Solar's ticker symbol?
The ticker symbol of Sofar Solar is 301658 on SZSE.
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