When was SkyFuel founded?

SkyFuel was founded in 2007 and raised its 1st funding round 1 year after it was founded.

Where is SkyFuel located?

SkyFuel is headquartered in Arvada, United States.

How many employees does SkyFuel have?

As of Dec 31, 2017, the latest employee count at SkyFuel is 27.

Is SkyFuel a funded company?

SkyFuel is a funded company, having raised a total of $37.1M across 12 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Apr 01, 2008.

When was the latest funding round of SkyFuel?

SkyFuel's latest funding was a $***** Conventional Debt round on Nov 08, 2013, with participation from 0 investor.

Where does SkyFuel rank among its competitors?

SkyFuel ranks 68th amongst 1696 active competitors, of which 54 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Waaree Energies, which secured $113M in Oct, 2025.

Who are the top competitors of SkyFuel?

SkyFuel's top competitors include Waaree Energies, Vikram Solar and Jinko Solar. Among them, Waaree Energies secured the most recent funding round in October, 2025.

SkyFuel - 2026 Company Profile, Team, Funding & Competitors

SkyFuel is an acquired company based in Arvada (United States), founded in 2007. It operates as a Manufactures solar parabolic trough. SkyFuel has raised $37.1M in funding. The company has 1696 active competitors, including 54 funded and 105 that have exited. Its top competitors include companies like Waaree Energies, Vikram Solar and Jinko Solar.

Company Details

SkyFuel is a solar thermal power technology and service provider. SkyFuel manufactures parabolic, solar collectors that utilize solar radiation to produce steam for electricity generation and industrial applications. The company also supplies utility scale concentrating solar power systems. SkyFuel is also developing a next generation solar system Linear Power Tower a temperature linear Fresnel collector designed for thermal energy storage.

Website: skyfuel.com
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Key Metrics

Founded Year

2007

Location

Arvada, United States

Stage

Acquired

Total Funding

$37.1M in 12 rounds

Latest Funding Round

Conventional Debt, Nov 08, 2013, $*****

Investors

Flywheel Ventures & 2 more

Ranked

68^th among 1696 active competitors

Employee Count

27 as on Dec 31, 2017

Similar Companies

Solexel & 47 more

Exit Details

Acquired by Kaidi New Energy Group (Aug 12, 2015)

View SkyFuel's full profile

SkyFuel is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SKYFUEL, INC. CIN: 4039254 , United States, Active		-	27 (As on Dec 31, 2017)	-

SkyFuel got acquired by Kaidi New Energy Group on Aug 12, 2015.

Click here to take a look at SkyFuel's acquisition in detail

SkyFuel has raised a total funding of $37.1M over 12 rounds. Its first funding round was on Apr 01, 2008. SkyFuel has 3 institutional investors.

Here is the list of recent funding rounds of SkyFuel:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 08, 2013	4906316	Conventional Debt	4058164	3898278	7133647	7834525
Aug 22, 2013	8040452	Series B	5136999	5517707	3926554	5025915
Jun 06, 2013	6354972	Series B	1770076	1940529	3979374	5451443

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View details of SkyFuel's funding rounds and investors

SkyFuel's employee count trend

SkyFuel has 27 employees as of Dec 17. The total employee count is 4.0% lower than what it was in Dec 16. Here is SkyFuel's employee count trend over the years:

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Top competitors of SkyFuel include Waaree Energies, Vikram Solar and Jinko Solar. Here is the list of Top 10 competitors of SkyFuel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Waaree Energies 1990, Mumbai (India), Public	Manufacturer of solar PV modules	$261M	ValueQuest, Dharamshi Securities & 189 others	73/100
2nd	Vikram Solar 2005, Kolkata (India), Public	Manufacturer of solar photovoltaic modules and renewable energy solutions	$94.1M	Monolink Trexim, Viney Equity Market & 76 others	70/100
3rd	Jinko Solar 2006, Shanghai (China), Acquired	Manufacturer of solar modules	$35M	China Israel Value Capital, Pitango & 5 others	68/100
4th	Premier Energies 1995, Secunderabad (India), Public	Manufacturer and supplier of solar cells and modules with a focus on sustainable energy solutions	$44M	Eclat Health, Intersolar & 7 others	67/100
5th	Suniva 2007, Norcross (United States), Acquired	Manufacturer of solar PV modules	$224M	Warburg Pincus, New Enterprise Associates ... & 10 others	66/100
6th	GREW 2022, Ahmedabad (India), Series A	Manufacturer of solar modules and provider of solar energy solutions	$3.46M	Chiripal Group, Vishal Fabrics & 3 others	64/100
7th	Saatvik Green Energy 2015, Gurugram (India), Public	Manufacturers of solar PV modules	-	-	64/100
8th	Goldi Solar 2011, Surat (India), Series A	Manufacturer of solar photovoltaic modules and provider of engineering and procurement services	$172M	Kamath Associates, Havells & 9 others	61/100
9th	Silfab Solar 2010, Mississauga (Canada), Series D	Manufacturer of solar PV modules	$225M	ARC Financial, Manulife & 4 others	61/100
10th	Rayzon Solar 2017, Surat (India), Series A	Manufacturer of photovoltaic solar modules	$16.2M	Vibrant Gujarat Industrial Directory & 83 others	60/100
68th	SkyFuel 2007, Arvada (United States), Acquired	Manufactures solar parabolic trough	$37.1M	Flywheel Ventures, Leaf Clean Energy & 1 others	42/100