About SolarEdge
SolarEdge is a company based in Herzliya (Israel) founded in 2006.. SolarEdge has raised $96.8 million across 6 funding rounds from investors including Lightspeed Venture Partners, BlackRock and General Electric. The company has 5,630 employees as of December 31, 2024. SolarEdge has completed 4 acquisitions, including Hark, Kokam and SMRE. SolarEdge operates in a competitive market with competitors including Enphase Energy, Imeon Energy, Deye Inverter, OptiSolar Technologies and Sofar Solar, among others.
- Headquarter Herzliya, Israel
- Employees 5630 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
*********
- Legal Name Solaredge Technologies, Inc.
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Annual Revenue
$901.46 M-69.71as on Dec 31, 2024
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Net Profit
$-1.81 B-5361.9as on Dec 31, 2024
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EBITDA
$-1.34 B-781.77as on Dec 31, 2024
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Total Equity Funding
$96.8 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Lightspeed Venture Partners
& 9 more
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Employee Count
5630
as on Dec 31, 2024
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Investments & Acquisitions
Hark
& 3 more
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IPO & Listings of SolarEdge
SolarEdge is a publicly listed company on the NASDAQ with ticker symbol SEDG in USA, operating in the Producer manufacturing 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.
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Software Development Team
189 people
Sales and Marketing
74 people
Leadership Team
53 people
Product Management Team
48 people
Senior Team
27 people
Operations Team
20 people
Data Analysis and Operations Team
18 people
Creative and Marketing Team
16 people
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Funding Insights of SolarEdge
SolarEdge has successfully raised a total of $96.8M across 6 strategic funding rounds. 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 6
- Last Round Last Round
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First Round
First Round
(09 Dec 2007)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Post-IPO - SolarEdge | Valuation |
investors |
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| Apr, 2023 | Amount | Post-IPO - SolarEdge | Valuation |
investors |
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| Oct, 2011 | Amount | Series D - SolarEdge | Valuation | Norwest Venture Partners |
| 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 SolarEdge
SolarEdge has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, BlackRock and General Electric. 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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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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VC firm investing globally in early & expansion stage companies
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Founded Year | Domain | Location | |
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Early stage VC Firm investing in Israel and the US
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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 SolarEdge
SolarEdge has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Hark, Kokam and SMRE. 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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Software for managing electric vehicle charging infrastructure is provided.
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2021 | ||||
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Environmental monitoring hardware and software are developed by Hark Systems.
|
2016 | ||||
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Manufacturer and supplier of welding, sewing & cutting machines
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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 - SolarEdge
| 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 |
Solaredge Comparisons
Competitors of SolarEdge
SolarEdge 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 Enphase Energy, Imeon Energy, Deye Inverter, OptiSolar Technologies and Sofar Solar, 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 |
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 solar-powered products, including panels and energy systems.
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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 |
Grid-tied solar inverters are developed, produced, and serviced globally.
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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 Solaredge
Frequently Asked Questions about SolarEdge
When was SolarEdge founded?
SolarEdge was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is SolarEdge located?
SolarEdge is headquartered in Herzliya, Israel. It is registered at Herzliya, Central District, Israel.
Who is the current CEO of SolarEdge?
Shuki Nir is the current CEO of SolarEdge.
Is SolarEdge a funded company?
SolarEdge is a funded company, having raised a total of $96.8M across 6 funding rounds to date. The company's 1st funding round was a Series D of $37M, raised on Dec 09, 2007.
How many employees does SolarEdge have?
As of Dec 31, 2024, the latest employee count at SolarEdge is 5,630.
What is the annual revenue of SolarEdge?
Annual revenue of SolarEdge is $901.46M as on Dec 31, 2024.
What does SolarEdge do?
Manufacturer of smart solar inverters. Its product range includes smart inverters, solar modules, distributed energy resources management software, and solar plant monitoring.
Who are the top competitors of SolarEdge?
SolarEdge's top competitors include Enphase Energy, Imeon Energy and Sofar Solar.
Is SolarEdge publicly traded?
Yes, SolarEdge is publicly traded on NASDAQ under the ticker symbol SEDG.
How many acquisitions has SolarEdge made?
Who are SolarEdge's investors?
SolarEdge has 10 investors. Key investors include Lightspeed Venture Partners, BlackRock, General Electric, GE Capital, and Norwest Venture Partners.
What is SolarEdge's ticker symbol?
The ticker symbol of SolarEdge is SEDG on NASDAQ.
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