When was SoliTek founded?

SoliTek was founded in 2009 and raised its 1st funding round 9 years after it was founded.

Where is SoliTek located?

SoliTek is headquartered in Vilnius, Lithuania. It is registered at Pärnu mnt 499.

Which legal entities is SoliTek associated with?

SoliTek is associated with Soli Tek Industry OÜ.

How many employees does SoliTek have?

As of Mar 31, 2026, the latest employee count at SoliTek is 76.

Is SoliTek a funded company?

SoliTek is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on May 01, 2018.

When was the latest funding round of SoliTek?

SoliTek's latest funding was a $***** Grant (prize money) round on Oct 01, 2019, with participation from 1 investor.

What is the annual revenue of SoliTek?

Annual revenue of SoliTek is €3K as on Dec 31, 2023.

Where does SoliTek rank among its competitors?

SoliTek ranks 189th amongst 1398 active competitors, of which 99 are funded.

Who are the top competitors of SoliTek?

SoliTek's top competitors include Waaree Energies, Vikram Solar and First Solar. Among them, SoliTek secured the most recent funding round in October, 2019.

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

SoliTek is an acquired company based in Vilnius (Lithuania), founded in 2009. It operates as a Manufacturer of solar cells and modules. SoliTek has raised an undisclosed amount in funding. The company has 1398 active competitors, including 99 funded and 105 that have exited. Its top competitors include companies like Waaree Energies, Vikram Solar and First Solar.

Company Details

SoliTek is a manufacturer and seller of photovoltaic cells and modules with production facility located in Vilnius. Offers glass-glass solar PV modules made up of tempered glass for roof installations. Also, offers monocrystalline and polycrystalline solar cells and solar modules.

Website: www.solitek.eu/en
Email ID: *****@solitek.eu
Phone Number: +370 **********
Part Of
Registered Address: Pärnu mnt 499

Key Metrics

Founded Year

2009

Location

Vilnius, Lithuania

Stage

Acquired

Latest Funding Round

Grant (prize money), Oct 01, 2019, $*****

Investors

European Union

Ranked

189^th among 1398 active competitors

Annual Revenue

€3K as on Dec 31, 2023

Employee Count

76 as on Mar 31, 2026

Similar Companies

Vikram Solar & 1308 more

Exit Details

Acquired by Valoe (Feb 19, 2019)

View SoliTek's full profile

SoliTek is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Soli Tek Industry OÜ CIN: 12664432 , Estonia, Active	May 20, 2014	$3.25K (As on Dec 31, 2023)	1 (As on Mar 31, 2023)

SoliTek got acquired by Valoe on Feb 19, 2019.

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

SoliTek has raised funding over 2 rounds. Its first funding round was on May 01, 2018. Its latest funding round was a Grant (prize money) round on Oct 01, 2019 for $*****. 1 investor participated in its latest round. SoliTek has 1 institutional investor.

Here is the list of recent funding rounds of SoliTek:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 01, 2019	5798457	Grant (prize money)	3645242	2943276	1675465	4246195
May 01, 2018	3019997	Grant (prize money)	8397824	8935422	7552456	Europa

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View details of SoliTek's funding rounds and investors

SoliTek's employee count trend

SoliTek has 76 employees as of Mar 26. Here is SoliTek's employee count trend over the years:

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Top competitors of SoliTek include Waaree Energies, Vikram Solar and First Solar. Here is the list of Top 10 competitors of SoliTek, 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	Dharamshi Securities, Novel Engineering and Technology Consultants ... & 142 others	75/100
2nd	Vikram Solar 2005, Kolkata (India), Public	Provider of solar photovoltaic modules and renewable energy solutions	$94.1M	Monolink Trexim, Vikram Financial Services ... & 76 others	72/100
3rd	First Solar 1999, Tempe (United States), Public	Provider of cadmium telluride-based flexible solar modules	-	Triodos Investment Management, GSA Capital Partners ... Read more	69/100
4th	Trina Solar 1997, San Jose (United States), Public	Developer of photovoltaic cells for PV and smart energy solutions	$40M	HongShan, Merrill Lynch & 5 others	66/100
5th	Goldi Solar 2011, Surat (India), Series A	Manufacturer of solar PV modules	$155M	Godwitt, Numeric Commodeal & 17 others	65/100
6th	Premier Energies 1995, Secunderabad (India), Public	Developer of solar energy projects	$45M	Intersolar, GEF Capital Partners & 11 others	65/100
7th	Oxford Photovoltaics 2010, Oxford (United Kingdom), Series D	Provider of perovskite-based solar cells	$202M	Legal & General Capital, MTI Partners & 13 others	65/100
8th	GREW 2022, Ahmedabad (India), Series A	Provider of a range of solar products and services	$4.22M	Vishal Fabrics, Dholispintex & 3 others	64/100
9th	Suniva 2007, Norcross (United States), Acquired	Manufacturer of solar PV modules	$224M	Warburg Pincus, New Enterprise Associates ... & 10 others	64/100
10th	Swift Solar 2017, Golden (United States), Series A	Provider of flexible perovskite solar cells	$42.4M	Fontinalis Partners, Eni Next & 19 others	63/100
189th	SoliTek 2009, Vilnius (Lithuania), Acquired	Manufacturer of solar cells and modules	-	European Union	41/100