When was Sungrow founded?

Sungrow was founded in 1997 and raised its 1st funding round 19 years after it was founded.

Where is Sungrow located?

Sungrow is headquartered in Hefei, China. It is registered at 56,JHANDEWALAN ROAD SF RANI JHANSI ROAD, Central Delhi, NEW DELHI, Delhi, India, 110006.

Who is the current CEO of Sungrow?

Cao Ren Xian of Sungrow. They have also founded 1 company.

How many employees does Sungrow have?

As of Jul 31, 2026, the latest employee count at Sungrow is 2364.

Is Sungrow a funded company?

Sungrow is a funded company, having raised a total of $***** in its 1st and only funding round, a Post IPO round on Aug 01, 2016.

When was the latest funding round of Sungrow?

Sungrow's latest funding was a $***** Post IPO round on Aug 01, 2016, with participation from 0 investor. Its primary sector is Solar Energy. In China, the Solar Energy sector has seen $35.5M in funding in 2026 to date.

Where does Sungrow rank among its competitors?

Sungrow ranks 1st amongst 454 active competitors, of which 19 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Heron Power, which secured $140M in Feb, 2026.

Who are the top competitors of Sungrow?

Sungrow's top competitors include Tigo, Fronius and GoodWe. Among them, Heron Power secured the most recent funding round in February, 2026.

Sungrow - 2026 Company Profile, Team, Funding & Competitors

Company Details

Sungrow is a technology provider, specializing in PV inverters and energy storage equipment for residential, commercial, and utility-scale PV power plant systems. They have currently 20 GW of inverter systems deployed globally and has 11 subsidiaries worldwide located throughout North America, Asia, Europe, Australia, and South America. They have their products installed and operating in over 50 countries.In 2022, the company recorded annual revenues of $7.02B and a net profit of $0.68B.

Website: www.sungrowpower.com/us/en
Email ID: *****@kr.sungrowpower.com
Registered Address: 56,JHANDEWALAN ROAD SF RANI JHANSI ROAD, Central Delhi, NEW DELHI, Delhi, India, 110006

Key Metrics

Founded Year

1997

Location

Hefei, China

Stage

Public

Total Funding

$400M in 1 round

Latest Funding Round

Post IPO, Aug 01, 2016, $*****

Investors

Kleiner Perkins & 3 more

Ranked

1^st among 454 active competitors

Employee Count

2,364 as on Jul 31, 2026

Investment & Acquisitions

Sunwoda EVB & 1 more

Similar Companies

Tigo & 498 more

Exit Details

Public

View Sungrow's full profile

Sungrow is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SUNGROW POWER & ENERGY LIMITED CIN: U40104DL2015PLC285208 , India, Strike off	Sep 16, 2015	-	-

Sungrow got listed on Nov 11, 2011.

Click here to take a look at Sungrow's IPO in detail

Sungrow has raised a total funding of $400M over 1 round. Sungrow has 4 institutional investors.

Here is the list of recent funding rounds of Sungrow:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 01, 2016	3746171	Post IPO	8313436	1365775	8899968	9251668

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View details of Sungrow's funding rounds and investors

The founders of Sungrow is Cao Ren Xian. Cao Ren Xian is the CEO of Sungrow.

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

Cao Ren Xian: Founder & CEO of Sungrow.

View details of Sungrow's Founder profiles and Board Members

Sungrow's employee count trend

Sungrow has 2,364 employees as of Jul 26. Here is Sungrow's employee count trend over the years:

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Top competitors of Sungrow include Tigo, Fronius and GoodWe. Here is the list of Top 10 competitors of Sungrow, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sungrow 1997, Hefei (China), Public	PV Inverter and Power Storage developer	$400M	Kleiner Perkins, Chinalink Capital & 2 others	75/100
2nd	Tigo 2007, Sebastopol (United States), Public	Designer of solar power conversion and storage products	$161M	Generation Investment Management, Israel Cleantech Ventures ... & 12 others	67/100
3rd	Fronius 1945, Pettenbach (Austria), Funding Raised	Global family-owned company specializing in welding, solar energy, and battery charging	-	Europa, OeHT	64/100
4th	GoodWe 2010, Suzhou (China), Funding Raised	Manufacturers of PV inverters and energy storage products	-	Crown Asia Investment Holdings	59/100
5th	MRO-TEK 1984, Bengaluru (India), Public	Manufactures solar UPS and inverters	-	Infrastructure Leasing & Financial Services, British International Investment ... Read more	58/100
6th	Hoymiles Converter Technology 2008, Hangzhou (China), Unfunded	Manufacturer of microinverters and power electronics for the solar industry	-	-	58/100
7th	VNT 2003, Gurugram (India), Unfunded	Provider of remote monitoring and management of telecom sector	-	-	54/100
8th	Deye Inverter 2007, Ningbo (China), Unfunded	Manufacturer of inverters, energy storage systems, and related power products	-	-	54/100
9th	Ampt 2007, Fort Collins (United States), Series C	Manufactures device that increase PV efficiency	$35M	-	52/100
10th	Heron Power 2024, Santa Cruz (United States), Series B	Provider of electricity generation and consumption services	$183M	Capricorn, Breakthrough Energy & 7 others	51/100