About TPI Composites
TPI Composites is a company based in Scottsdale (United States) founded in 1968. TPI Composites has raised $109.42 million across 11 funding rounds from investors including Bank of America, Capital One and JPMorgan Chase. The company has 11,700 employees as of December 31, 2024. TPI Composites has completed 1 acquisition, including Euros. TPI Composites offers products and services including Wind Blades, Field Services, and Research and Development. TPI Composites operates in a competitive market with competitors including Elsewedy Electric, Beam, Huisman, ComRent and Nabrawind, among others.
- Headquarter Scottsdale, United States
- Employees 11700 as on 31 Dec, 2024
- Stage Public
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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 Tpi Composites, Inc.
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Annual Revenue
$1.33 B (USD)-7.07as on Dec 31, 2024
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Net Profit
-$240.71 M (USD)-19.29as on Dec 31, 2024
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EBITDA
-$50.05 M (USD)9.56as on Dec 31, 2024
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Total Equity Funding
$109.42 M (USD)
in 11 rounds
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Latest Funding Round
$115 M (USD), Post-IPO
Feb 28, 2023
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Investors
Bank of America
& 9 more
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Employee Count
11700
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of TPI Composites
TPI Composites is a publicly listed company on the OTC with ticker symbol TPICQ 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.
Products & Services of TPI Composites
TPI Composites offers a comprehensive portfolio of products and services, including Wind Blades, Field Services, and Research and Development.
Components for wind turbines to generate renewable energy
On-site support and inspections for wind energy installations
Processes to improve wind blade technologies and efficiency
People of TPI Composites
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Software Development Team
52 people
Leadership Team
23 people
Human Resources and Administration
17 people
Product Management Team
15 people
Finance and Accounting
12 people
Operations Team
7 people
NDT Team
6 people
Plant Team
4 people
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Funding Insights of TPI Composites
TPI Composites has successfully raised a total of $109.42M across 11 strategic funding rounds. The most recent funding activity was a Post-IPO round of $115 million completed in February 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 TPI Composites
TPI Composites has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Bank of America, Capital One and JPMorgan Chase.
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Diversified private equity and secondary market funds are managed.
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Live pet air plants are offered for adoption to children.
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Investor details for TPI Composites
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Investments & Acquisitions by TPI Composites
TPI Composites has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Euros.
Investment portfolio details for TPI Composites
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Solar and wind energy projects are developed by Euros.
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Complete acquisition details for TPI Composites
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Financial Statements - TPI Composites
Detailed financials for TPI Composites
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Tpi Composites Comparisons
Peer comparison for TPI Composites
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Competitors of TPI Composites
TPI Composites 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 Elsewedy Electric, Beam, Huisman, ComRent and Nabrawind, among others.
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Wind turbines, towers, and rotor blades are manufactured in-house.
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Sustainable infrastructure solutions for transportation electrification are offered.
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Provider of maintenance & installation services for wind turbines and other components
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Testing services for critical power generation systems are provided.
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Wind turbine components and technologies are designed and developed.
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Detailed competitors of TPI Composites
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Latest news on Tpi Composites
Complete news archive for TPI Composites
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Frequently Asked Questions about TPI Composites
TPI Composites was founded in 1968 and raised its 1st funding round 39 years after it was founded.
TPI Composites is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
TPI Composites is a funded company, having raised a total of $109.42M across 11 funding rounds to date.
As of Dec 31, 2024, the latest employee count at TPI Composites is 11,700.
Annual revenue of TPI Composites is $1.33B as on Dec 31, 2024.
TPI Composites was founded in 1968 and is headquartered in Scottsdale, United States. Composite wind blades are produced for wind turbine original equipment manufacturers under long-term supply agreements. Portions of production facilities are dedicated to specific customers in return for purchase commitments. Operations span multiple facilities in the US and international locations. Composite structures for vehicles in the transportation sector are also manufactured.
TPI Composites's top competitors include Beam, Huisman and Elsewedy Electric.
TPI Composites offers Wind Blades, Field Services, and Research and Development.
Yes, TPI Composites is publicly traded on OTC under the ticker symbol TPICQ.
TPI Composites has made 1 acquisition, including Euros.
TPI Composites has 10 investors. Key investors include Bank of America, Capital One, JPMorgan Chase, Wells Fargo, and General Electric.
The ticker symbol of TPI Composites is TPICQ on OTC.