About SunDrive
SunDrive is a company based in Wollongong (Australia) founded in 2015 by David Hu and Vince Allen. SunDrive has raised $26 million across 5 funding rounds from investors including Australian Renewable Energy Agency, Blackbird Ventures and Grok Ventures. SunDrive offers products and services including Solar Cells and Solar Technology Solutions. SunDrive operates in a competitive market with competitors including Trina Solar, Oxford Photovoltaics, Growatt, Amtech Systems and SCHMID, among others.
- Headquarter Wollongong, Australia
- Founders David Hu, Vince Allen
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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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- Legal Name Sundrive Solar Pty Ltd
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$26 M (USD)
in 5 rounds
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Latest Funding Round
$7 M (USD), Grant
Nov 01, 2023
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Investors
Australian Renewable Energy Agency
& 6 more
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Employee Count
Not available
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Products & Services of SunDrive
SunDrive offers a comprehensive portfolio of products and services, including Solar Cells and Solar Technology Solutions.
High-efficiency solar cells using abundant materials to reduce costs and enhance sustainability.
Develops methods for improving solar cell performance and affordability through partnerships.
People of SunDrive
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Funding Insights of SunDrive
SunDrive has successfully raised a total of $26M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $7 million completed in November 2023. 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.
Investors in SunDrive
SunDrive has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Australian Renewable Energy Agency, Blackbird Ventures and Grok Ventures.
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Cleantech sector funding is provided via venture capital investments.
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Investments are made in seed, early, and later-stage tech companies.
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Early-late stage tech-focused venture capital firm
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Investor details for SunDrive
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Investments & Acquisitions by SunDrive
Investment portfolio details for SunDrive
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Financial Statements - SunDrive
Detailed financials for SunDrive
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- Profit trends
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Sundrive Comparisons
Peer comparison for SunDrive
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of SunDrive
SunDrive 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 Trina Solar, Oxford Photovoltaics, Growatt, Amtech Systems and SCHMID, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Photovoltaic cells for PV and smart energy solutions are developed.
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Perovskite-based solar cells are provided for BIPV applications.
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Solar PV modules are manufactured by Growatt in China.
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Manufacturer of solar cells, semiconductors, and silicon wafers
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Manufacturer of process solutions and equipment
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Detailed competitors of SunDrive
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Latest news on Sundrive
Complete news archive for SunDrive
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Frequently Asked Questions about SunDrive
SunDrive was founded in 2015 and raised its 1st funding round 3 years after it was founded.
SunDrive is headquartered in Wollongong, Australia. It is registered at Wollongong, New South Wales, Australia.
Natalie Malligan is the current CEO of SunDrive.
SunDrive is a funded company, having raised a total of $26M across 5 funding rounds to date.
SunDrive, established in 2015, excels in working in the energy sector, developing solar energy systems, hardware developer, generation equipment, pv, module components, and cells. Manufacturer of solar powered products. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
SunDrive's top competitors include Trina Solar, Oxford Photovoltaics and Growatt.
SunDrive offers Solar Cells and Solar Technology Solutions.
SunDrive has 7 investors. Key investors include Australian Renewable Energy Agency, Blackbird Ventures, Grok Ventures, Main Sequence, and Malcolm Turnbull.