When was Raygen founded?

Raygen was founded in 2005 and raised its 1st funding round 10 years after it was founded.

Where is Raygen located?

Raygen is headquartered in Hawthorn East, Australia.

How many employees does Raygen have?

As of Mar 01, 2026, the latest employee count at Raygen is 50 - 199.

Is Raygen a funded company?

Raygen is a funded company, having raised a total of $112M across 6 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on May 01, 2015.

When was the latest funding round of Raygen?

Raygen's latest funding was a $***** Series D round on Apr 10, 2025, with participation from 8 investors. Its primary sector is Renewable Energy Tech. In Australia, the Renewable Energy Tech sector has seen $16.2M in funding in 2026 to date.

Where does Raygen rank among its competitors?

Raygen ranks 39th amongst 222 active competitors, of which 58 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Hydrostor, which secured $230M in Aug, 2026.

Who are the top competitors of Raygen?

Raygen's top competitors include Northvolt, Form Energy and Amperehour Solar Technology. Among them, Hydrostor secured the most recent funding round in August, 2026.

Raygen - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Developer of solar power technology and renewable energy storage solutions. Its system concentrates sunlight onto solar modules, capturing heat for on-demand electricity dispatch. The company's power plants generate, store, and deliver electricity at a low cost. The company's solution uses recyclable, locally sourced materials, enabling project lifespans.

Website: raygen.com
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Key Metrics

Founded Year

2005

Location

Hawthorn East, Australia

Stage

Series D

Total Funding

$112M in 6 rounds

Latest Funding Round

Series D, Apr 10, 2025, $*****

Investors

SLB & 10 more

Ranked

39^th among 222 active competitors

Employee Count

50 - 199 as on Mar 01, 2026

Similar Companies

RheEnergise & 28 more

View Raygen's full profile

Raygen is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Raygen Resources Pty. Ltd. CIN: 142807485 , Germany, Active		-	-

Raygen has raised a total funding of $112M over 6 rounds. Its first funding round was on May 01, 2015. Its latest funding round was a Series D round on Apr 10, 2025 for $*****. 8 investors participated in its latest round. Raygen has 11 institutional investors.

Here is the list of recent funding rounds of Raygen:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 10, 2025	3196849	Series D	1482963	7614521	3419577	8934572
Apr 22, 2024	2598697	Series D	5457706	9427233	2706424	Breakthrough Victoria
2021	4608	Series C	6097	7082	3333	Equinor & 4 more

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View details of Raygen's funding rounds and investors

The founders of Raygen is John Lasich.

Here are the details of Raygen's key team members:

John Lasich: Founder & CTO of Raygen.
Contact Info: 1 email address

View details of Raygen's Founder profiles and Board Members

Raygen's employee count trend

Raygen has 50 - 199 employees as of Mar 26. Here is Raygen's employee count trend over the years:

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Top competitors of Raygen include Northvolt, Form Energy and Amperehour Solar Technology. Here is the list of Top 10 competitors of Raygen, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Northvolt Stockholm (Sweden), Acquired	Manufacturer of lithium-ion batteries for electric vehicles	$9B	Goldman Sachs, Volkswagen & 52 others	71/100
2nd	Form Energy 2017, Somerville (United States), Series G	Clean energy technology platform developing long-duration iron-air battery systems	$2B	T. Rowe Price, ArcelorMittal & 45 others	69/100
3rd	Amperehour Solar Technology 2017, Pune (India), Series A	Provider of energy storage systems and energy management platform solutions	$7.45M	VHGB, Wellfound & 23 others	68/100
4th	PowerX 2021, Minato (Japan), Public	Manufacturer of stationary battery storage systems and related energy services	$129M	Nippon Gases, Sompo & 37 others	64/100
5th	Noon 2018, Palo Alto (United States), Series A	Provider of solutions for flow batteries	$31M	Clean Energy Ventures, Aramco Ventures & 14 others	64/100
6th	KORE Power 2018, Idaho Falls (United States), Acquired	Developer of battery cells, energy storage systems, and e-mobility solutions	$75.1M	Siemens, ADS Ventures & 7 others	61/100
7th	Hydrostor 2010, Toronto (Canada), Series E	Developer of advanced compressed air energy storage for grid applications	$795M	Lorem Partners, Canoe Financial & 19 others	60/100
8th	Field Energy 2020, London (United Kingdom), Series D	Developer of battery storage systems for renewable energy grid infrastructure	$295M	DIF, Giant Ventures & 4 others	59/100
9th	REPLUS Engitech 2018, Pune (India), Funding Raised	Provider of lithium-ion battery and energy storage solutions	-	Bharat Investment Growth	58/100
10th	Amber Kinetics 2009, Union City (United States), Series C	Innovative flywheel energy storage systems for a sustainable energy future	$25M	Elemental, OSTI	58/100
39th	Raygen 2005, Hawthorn East (Australia), Series D	Developer of solar power technology and renewable energy storage solutions	$112M	EIC Fund, Equinor & 9 others	43/100