Sungrow - About the company
Sungrow is a public company based in Hefei (China), founded in 1997 by Cao Ren Xian. It operates as a PV Inverter and Power Storage developer. Sungrow has raised $400M in funding. The company has 409 active competitors, including 18 funded and 28 that have exited. Its top competitors include companies like Tigo, MRO-TEK and Fronius.
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
Investors
Ranked
1st among 409 active competitors
Employee Count
1,475 as on Feb 04, 2024
Investment & Acquisitions
Exit Details
Public
Legal entities associated with Sungrow
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's IPO details
Sungrow got listed on Nov 11, 2011.
Click here to take a look at Sungrow's IPO in detail
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Sungrow's funding and investors
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 | 9190509 | Post IPO | 2236390 | 6607598 | 1373359 | 1103240 |
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Sungrow's founders and board of directors
Founder? Claim ProfileHere 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 1,475 employees as of Feb 24. Here is Sungrow's employee count trend over the years:
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Sungrow's Competitors and alternates
Top competitors of Sungrow include Tigo, MRO-TEK and Fronius. Here is the list of Top 10 competitors of Sungrow, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | PV Inverter and Power Storage developer | $400M | 75/100 | ||
2nd | Tigo 2007, Sebastopol (United States), Public | Designer of solar power conversion and storage products | $161M | 61/100 | |
3rd | Manufactures solar UPS and inverters | - | 60/100 | ||
4th | Global family-owned company specializing in welding, solar energy, and battery charging | - | 58/100 | ||
5th | Hoymiles Converter Technology 2008, Hangzhou (China), Unfunded | Manufacturer of microinverters and power electronics for the solar industry | - | - | 57/100 |
6th | Manufacturers of PV inverters and energy storage products | - | 56/100 | ||
7th | Powerone Micro Systems 2007, Mumbai (India), Acquired | Manufactures solar electronics products | - | - | 53/100 |
8th | Ampt 2007, Fort Collins (United States), Series C | Manufactures device that increase PV efficiency | $35M | - | 52/100 |
9th | Bentek 1985, San Jose (United States), Acquired | Manufactures electronic products of solar systems | - | 50/100 | |
10th | Torus 2021, Lehi (United States), Series D | Manufacturer of power generators and energy management app | $267M | 48/100 |
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Sungrow's Investments and acquisitions
Sungrow has a total of 1 investment in Beijing Qinghe Jingyuan. Sungrow has not made any acquisitions as of now.Reports related to Sungrow
Here is the latest report on Sungrow's sector:
News related to Sungrow
Filter this listMedia has covered Sungrow for a total of 113 events in the last 1 year, 91 of them have been about company updates and 5 about partnerships.
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Teos Energy Awarded Balance of Plant Role for Sungrow-Led Battery Project in GermanyRenewables Now•Jun 04, 2026•Teos Energy, Sungrow
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Sungrow Launches Smart Solar Module Integrating AI, Power Electronicspv magazine•Jun 02, 2026•Sungrow
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Sonnedix orders Sungrow PowerTitans for 643.8-MWh BESS project in ChileRenewables Now•May 28, 2026•Sungrow, Sonnedix
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Sungrow Completes World's First Large-Scale Grid-Forming Extreme TestPR Newswire•Apr 28, 2026•Sungrow
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Sungrow Unveils Full-Scenario Solution to Address Emerging Global Energy ChallengesPR Newswire•Apr 27, 2026•Sungrow
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Sungrow PowerKeeper Achieves Industry-First Triple UL 9540A CertificationPR Newswire•Apr 06, 2026•Sungrow
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