About Sun Cable
Sun Cable is a company based in Singapore (Singapore) founded in 2018 was acquired by Grok Ventures in May 2023.. Sun Cable has raised $153.09 million across 2 funding rounds from investors including Atlassian, squadronenergy.com and Grok Ventures. Sun Cable offers products and services including AAPowerLink and SunCable Manufacturing. Sun Cable operates in a competitive market with competitors including Vena Energy, Blueleaf Energy, BW ESS, Metis Energy and Equicap Asia, among others.
- Headquarter Singapore, Singapore
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$153.09 M (USD)
in 2 rounds
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Latest Funding Round
$153.09 M (USD), Series B
Mar 14, 2022
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Investors
Atlassian
& 2 more
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Employee Count
Employee Count
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Acquired by
Grok Ventures
(May 26, 2023)
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Products & Services of Sun Cable
Sun Cable offers a comprehensive portfolio of products and services, including AAPowerLink and SunCable Manufacturing. 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.
Generates solar energy for export to support regional decarbonization efforts.
Focuses on solar and transmission components for large-scale projects.
Funding Insights of Sun Cable
Sun Cable has successfully raised a total of $153.09M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $153.09 million completed in March 2022. 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 2
- Last Round Series B — $153.1M
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First Round
First Round
(19 Nov 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series B - Sun Cable | Valuation | squadronenergy.com | |
| Nov, 2019 | Amount | Debt – Conventional - Sun Cable | 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 Sun Cable
Sun Cable has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Atlassian, squadronenergy.com and Grok Ventures. 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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Early-late stage tech-focused venture capital firm
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Founded Year | Domain | Location | |
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Renewable energy projects are developed in Australia since 2017.
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Cloud-based enterprise collaboration suites are delivered for team productivity.
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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 Sun Cable
| 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 - Sun Cable
| 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 |
Sun Cable Comparisons
Competitors of Sun Cable
Sun Cable 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 Vena Energy, Blueleaf Energy, BW ESS, Metis Energy and Equicap Asia, 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 |
Solar, wind, and hydro power plants are developed and operated.
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Develops innovative technologies for solar renewable energy power projects.
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Global owner-operator of energy storage projects through development partnerships.
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Provides comprehensive services for utility project development and renewable solar energy infrastructure.
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Invests in and develops infrastructure assets in renewable energy and agriculture sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Sun Cable
Frequently Asked Questions about Sun Cable
When was Sun Cable founded?
Sun Cable was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Sun Cable located?
Sun Cable is headquartered in Singapore, Singapore.
Who is the current CEO of Sun Cable?
Ryan Willemsen Bell is the current CEO of Sun Cable.
Is Sun Cable a funded company?
Sun Cable is a funded company, having raised a total of $153.09M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $14.99B, raised on Nov 19, 2019.
What does Sun Cable do?
Sun Cable was founded in 2018 and is headquartered in Singapore. The company is engaged in the development of solar energy projects within the renewable energy sector. Operations center on large-scale solar infrastructure, with services extending to project planning and execution. Geography is primarily focused on Singapore, though expansion into regional markets is considered. Leadership is provided by CEO Ryan Willemsen Bell, overseeing core activities.
Who are the top competitors of Sun Cable?
Sun Cable's top competitors include Vena Energy, Blueleaf Energy and BW ESS.
What products or services does Sun Cable offer?
Sun Cable offers AAPowerLink and SunCable Manufacturing.
Who are Sun Cable's investors?
Sun Cable has 3 investors. Key investors include Atlassian, squadronenergy.com, and Grok Ventures.
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