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
*********
- Legal Name Tpi Composites, Inc.
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Annual Revenue
$1.33 B-7.07as on Dec 31, 2024
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Net Profit
$-240.71 M-19.29as on Dec 31, 2024
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EBITDA
$-50.05 M9.56as 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. 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.
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
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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.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Post-IPO — $115.0M
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First Round
First Round
(11 Oct 2007)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Post-IPO - TPI Composites | Valuation |
investors |
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| Apr, 2018 | Amount | Debt – Conventional - TPI Composites | Valuation |
investors |
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| Dec, 2014 | Amount | Series B - TPI Composites | Valuation |
investors |
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| 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 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. 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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Founded Year | Domain | Location | |
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Diversified private equity and secondary market funds are managed.
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Founded Year | Domain | Location | |
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Live pet air plants are offered for adoption to children.
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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 TPI Composites
TPI Composites has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Euros. 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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Solar and wind energy projects are developed by Euros.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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 - TPI Composites
| 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 |
Tpi Composites Comparisons
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. 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 |
Wind turbines, towers, and rotor blades are manufactured in-house.
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| domain | founded_year | HQ Location |
Sustainable infrastructure solutions for transportation electrification are offered.
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| domain | founded_year | HQ Location |
Provider of maintenance & installation services for wind turbines and other components
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| domain | founded_year | HQ Location |
Testing services for critical power generation systems are provided.
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| domain | founded_year | HQ Location |
Wind turbine components and technologies are designed and developed.
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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 Tpi Composites
Frequently Asked Questions about TPI Composites
When was TPI Composites founded?
TPI Composites was founded in 1968 and raised its 1st funding round 39 years after it was founded.
Where is TPI Composites located?
TPI Composites is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
Is TPI Composites a funded company?
TPI Composites is a funded company, having raised a total of $109.42M across 11 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Oct 11, 2007.
How many employees does TPI Composites have?
As of Dec 31, 2024, the latest employee count at TPI Composites is 11,700.
What is the annual revenue of TPI Composites?
Annual revenue of TPI Composites is $1.33B as on Dec 31, 2024.
What does TPI Composites do?
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.
Who are the top competitors of TPI Composites?
TPI Composites's top competitors include Beam, Huisman and Elsewedy Electric.
What products or services does TPI Composites offer?
TPI Composites offers Wind Blades, Field Services, and Research and Development.
Is TPI Composites publicly traded?
Yes, TPI Composites is publicly traded on OTC under the ticker symbol TPICQ.
How many acquisitions has TPI Composites made?
TPI Composites has made 1 acquisition, including Euros.
Who are TPI Composites's investors?
TPI Composites has 10 investors. Key investors include Bank of America, Capital One, JPMorgan Chase, Wells Fargo, and General Electric.
What is TPI Composites's ticker symbol?
The ticker symbol of TPI Composites is TPICQ on OTC.
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