About Solax Power
Solax Power is a company based in Hangzhou (China) founded in 2012.. The company has 3,010 employees as of December 31, 2024. Solax Power operates in a competitive market with competitors including Equilibrium Energy, Odyssey Energy Solutions, RadianGEN, Clear Blue Technologies and Lancium, among others.
- Headquarter Hangzhou, China
- Employees 3010 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 Solax Power Network Technology (Zhejiang) Co., Ltd. Class A
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Annual Revenue
$417.84 M (USD)-31.24as on Dec 31, 2024
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Net Profit
$27.89 M (USD)-80.88as on Dec 31, 2024
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EBITDA
$29.12 M (USD)-80.63as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
3010
as on Dec 31, 2024
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IPO & Listings of Solax Power
Solax Power is a publicly listed company on the SSE with ticker symbol 688717 in China, 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.
Funding Insights of Solax Power
| 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 Solax Power
| 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 - Solax Power
| 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 |
Solax Power Comparisons
Competitors of Solax Power
Solax Power 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 Equilibrium Energy, Odyssey Energy Solutions, RadianGEN, Clear Blue Technologies and Lancium, 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 |
Software solutions for energy portfolio management are offered.
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| domain | founded_year | HQ Location |
End-to-end platform for distributed renewable energy finance is provided.
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| domain | founded_year | HQ Location |
Solar asset management services are provided for PV projects.
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| domain | founded_year | HQ Location |
Smart off-grid controllers are developed for renewable energy systems.
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| domain | founded_year | HQ Location |
Cloud-based portfolio management software is provided for renewable energy.
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| domain | founded_year | HQ Location |
Carbon footprint is tracked and managed through a cloud-based platform.
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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 Solax Power
Frequently Asked Questions about Solax Power
When was Solax Power founded?
Solax Power was founded in 2012.
Where is Solax Power located?
Solax Power is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
How many employees does Solax Power have?
As of Dec 31, 2024, the latest employee count at Solax Power is 3,010.
What is the annual revenue of Solax Power?
Annual revenue of Solax Power is $417.84M as on Dec 31, 2024.
What does Solax Power do?
Solax Power was founded in 2012 in Hangzhou, China, within the solar energy sector. MPPT charge controllers, inverters, and hybrid battery packs are produced for solar plants. Software solutions for generation monitoring are also offered. Operations span 16 international offices, with products exported to 47 countries. The focus remains on hardware and related monitoring services for solar installations.
Who are the top competitors of Solax Power?
Solax Power's top competitors include Equilibrium Energy, Clear Blue Technologies and Lancium.
Is Solax Power publicly traded?
Yes, Solax Power is publicly traded on SSE under the ticker symbol 688717.
What is Solax Power's ticker symbol?
The ticker symbol of Solax Power is 688717 on SSE.
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