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 Jul 16, 2025, the latest employee count at Raygen is 11 - 50.

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 $14.4M in funding in 2026 to date.

Where does Raygen rank among its competitors?

Raygen ranks 17th amongst 216 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 Renewable Iron Fuel Technology, which secured $96.6M in Mar, 2026.

Who are the top competitors of Raygen?

Raygen's top competitors include Northvolt, Form Energy and VFlow Tech. Among them, Renewable Iron Fuel Technology secured the most recent funding round in March, 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

17^th among 216 active competitors

Employee Count

11 - 50 as on Jul 16, 2025

Similar Companies

RheEnergise & 26 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	Documents
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	9087245	Series D	2205852	4075813	5037692	6327051
Apr 22, 2024	8546404	Series D	8604153	2366977	6209302	Breakthrough Victoria
2021	8201	Series C	7031	5149	5013	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 11 - 50 employees as of Jul 25. Here is Raygen's employee count trend over the years:

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Top competitors of Raygen include Northvolt, Form Energy and VFlow Tech. 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 Sweden, Acquired	Manufacturer of lithium-ion batteries for electric vehicles	$9B	Goldman Sachs, Volkswagen & 51 others	75/100
2nd	Form Energy 2009, Somerville (United States), Series F	Developer of iron-air energy storage system for renewable energy storage	$1.13B	ArcelorMittal, GIC & 36 others	71/100
3rd	VFlow Tech 2018, Singapore (Singapore), Series A	Manufacturer of vanadium redox flow batteries for energy storage solutions	$33.5M	PSA International, Granite Asia & 34 others	65/100
4th	PowerX 2021, Minato (Japan), Public	Manufacturer of stationary battery storage systems and related energy services	$112M	Nippon Gases, Sompo & 36 others	64/100
5th	Noon 2018, Palo Alto (United States), Series A	Provider of solutions for flow batteries	$31M	Aramco Ventures, Clean Energy Ventures & 14 others	64/100
6th	Hydrostor 2010, Toronto (Canada), Series D	Developer of advanced compressed air energy storage for grid applications	$565M	Canoe Financial, Lorem Partners & 16 others	64/100
7th	Verlume 2013, Aberdeen (United Kingdom), Series A	Manufacturer of subsea batteries and offshore power management systems	$12.3M	The Scottish National Investment Bank, Par Equity ... & 37 others	62/100
8th	Renewable Iron Fuel Technology 2020, Eindhoven (Netherlands), Series B	Developer of iron fuel technology for industrial heat decarbonization	$111M	PGGM, Rubio impact Ventures & 6 others	61/100
9th	Fox ESS 2019, Wenzhou (China), Series D	Manufacturer of inverters, chargers, batteries, and energy storage system components	$141M	Ori-mind Capital, Panorama Capital	59/100
10th	RheEnergise 2019, London (United Kingdom), Seed	Developer of high-density hydro long-duration energy storage technology	$3.35M	Low Carbon Innovation Fund, European Innovation Council ... & 5 others	58/100
17th	Raygen 2005, Hawthorn East (Australia), Series D	Developer of solar power technology and renewable energy storage solutions	$112M	Equinor, AGL & 9 others	55/100