When was NorSun founded?

NorSun was founded in 2005 and raised its 1st funding round 4 years after it was founded.

Where is NorSun located?

NorSun is headquartered in Oslo, Norway. It is registered at Karenslyst alle 9C 0278 OSLO.

How many employees does NorSun have?

As of Sep 30, 2026, the latest employee count at NorSun is 54.

Is NorSun a funded company?

NorSun is a funded company, having raised a total of $100M across 11 funding rounds to date. The company's 1st funding round was a $***** Series C round, raised on Mar 10, 2009.

When was the latest funding round of NorSun?

NorSun's latest funding was a $***** Series C round on Aug 17, 2023, with participation from 4 investors.

Where does NorSun rank among its competitors?

NorSun ranks 12th amongst 400 active competitors, of which 22 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Otovo, which secured $7.25M in Jul, 2026.

Who are the top competitors of NorSun?

NorSun's top competitors include NexWafe, Hanwha and SINTEF. Among them, Otovo secured the most recent funding round in July, 2026.

NorSun - 2026 Company Profile, Funding & Competitors

NorSun is a series C company based in Oslo (Norway), founded in 2005. It operates as a Provider of mono-crystalline-based silicon wafers for the solar energy industry. NorSun has raised $100M in funding from Good Energies and Nysno. The company has 400 active competitors, including 22 funded and 40 that have exited. Its top competitors include companies like NexWafe, Hanwha and SINTEF.

Company Details

Provider of mono-crystalline-based silicon wafers for the solar energy industry. The company offers wafers that are made from high-quality poly-silicon and have automatic wafer singulation and inline cleaning solutions.

Website: www.norsun.no
Email ID: *****@norsun.no
Phone Number: +47 **********
Registered Address: Karenslyst alle 9C 0278 OSLO

Key Metrics

Founded Year

2005

Location

Oslo, Norway

Stage

Series C

Total Funding

$100M in 11 rounds

Latest Funding Round

Series C, Aug 17, 2023, $*****

Investors

Good Energies & 12 more

Ranked

12^th among 400 active competitors

Employee Count

54 as on Sep 30, 2026

Similar Companies

NexWafe & 34 more

View NorSun's full profile

NorSun is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Norsun AS CIN: 989186493 , Norway, Active		$10M - $50M (As on Dec 31, 2023)	228 (As on Dec 31, 2021)
NORSUN AS CIN: 989186493 , United States, Active	Dec 29, 2005	$50M - $100M (As on Dec 31, 2019)	235 (As on Dec 31, 2019)	-

NorSun has raised a total funding of $100M over 11 rounds. Its first funding round was on Mar 10, 2009. Its latest funding round was a Series C round on Aug 17, 2023 for $*****. 4 investors participated in its latest round. NorSun has 13 institutional investors.

Here is the list of recent funding rounds of NorSun:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 17, 2023	2808243	Series C	8483222	4130248	8878397	8108500
Jun 01, 2021	3528029	Grant (prize money)	1979662	2758602	8713247	Europa
Jun 12, 2019	5795313	Grant (prize money)	9508997	2493212	2372279	Innovasjon Norge

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View details of NorSun's funding rounds and investors

NorSun's employee count trend

NorSun has 54 employees as of Sep 26. Here is NorSun's employee count trend over the years:

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Top competitors of NorSun include NexWafe, Hanwha and SINTEF. Here is the list of Top 10 competitors of NorSun, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	NexWafe 2015, Freiburg im Breisgau (Germany), Series C	Manufacturer of solar PV wafers	$121M	Aramco Ventures, InnoEnergy & 21 others	63/100
2nd	Hanwha 1952, Seoul (South Korea), Public	Manufacturer of solar cells, modules, and other related components	-	SJL Partners, STIC Investments & 1 others	61/100
3rd	SINTEF 1950, Trondheim (Norway), Public	Provider of applied research, technology, and innovation services across multiple sectors	-	Europa	58/100
4th	Astronergy 2006, Haining (China), Series C	Manufacturer of high efficiency crystalline silicon photovoltaic cells and modules	$328M	China Life Insurance, Bank of Communications ... & 12 others	58/100
5th	JA Solar 2005, Shanghai (China), Public	Provider of solar photovoltaic module components	-	KAILAI Investments, China Minsheng Bank & 1 others	55/100
6th	Daqo New Energy 2008, Pudong (China), Public	Manufacturer of polysilicon and silicon wafers	$40M	Morgan Stanley, Mirae Asset & 3 others	53/100
7th	Otovo 2016, Oslo (Norway), Public	Marketplace for residential solar panels	-	Axel Johnson, EIC Rose Rock & 7 others	52/100
8th	GCL Technology Holdings 2006, Suzhou (China), Public	Manufacturer of poly silicon and wafers products	$710M	Trustbridge Partners, Infini Capital Management ... & 8 others	51/100
9th	Holosolis 2022, Paris (France), Series A	Manufacturer of photovoltaic cells and modules for renewable energy production	$255M	Heraeus Group, Armor-Group & 5 others	48/100
10th	Redren Energy 2005, Morbi (India), Unfunded	Manufacturer of solar PV modules and solar water heaters	-	-	48/100
12th	NorSun 2005, Oslo (Norway), Series C	Provider of mono-crystalline-based silicon wafers for the solar energy industry	$100M	Abn Amro, Nysno & 11 others	43/100