Chint Anneng Digital Energy Revenue, Valuation, Funding & Investors

Chint Anneng Digital Energy is valued at $2B as of December 2022.

Last Chint Anneng Digital Energy valuation

$2B

Series B · Dec 2022

Last Chint Anneng Digital Energy funding round

$575M

Series B · Dec 2022

Chint Anneng Digital Energy revenue

$4.6B

Series A · Jul 2021

Key investors in Chint Anneng Digital Energy

  • Hangzhou Industrial Investment Group
  • ICBC Investment
  • National Green Development Fund
  • Zhejiang Silk Road Fund
  • China Southern Power Grid
  • RCFSI

Chint Anneng Digital Energy Overview

About Chint Anneng Digital Energy

Chint Anneng Digital Energy is a subsidiary of Chint Group that supplies photovoltaic modules, inverters, and energy storage systems for rooftop solar installations along with full lifecycle services including design, construction, and maintenance.


Founded

2015

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$4.6B (Jul 2021)

Valuation

$2B (Dec 2022)

Chint Anneng Digital Energy Valuation

Chint Anneng Digital Energy is currently valued at $2B, based on its Series B in December 2022.

The $575M round included Hangzhou Industrial Investment Group, RCFSI, China Southern Power Grid and National Green Development Fund.

Chint Anneng Digital Energy's valuation has grown 2.6x from $772M at its Series A in July 2021 to $2B in December 2022, across 2 priced rounds.

Chint Anneng Digital Energy valuation by funding round

Revenue multiple
Chint Anneng Digital Energy valuation by funding round
DateStageValuationRevenue Multiple
Dec 2022Series B$2B-
Jul 2021Series A$772M0.2x

Chint Anneng Digital Energy Revenue

Chint Anneng Digital Energy's latest recorded revenue is $4.6B, as of its Series A in July 2021. At a $772M valuation, that implies a 0.2x revenue multiple.

Chint Anneng Digital Energy revenue by funding round

Chint Anneng Digital Energy revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jul 2021$4.6B$772M0.2xSeries A

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Chint Anneng Digital Energy Funding History

Chint Anneng Digital Energy has raised a total of $729M across 2 funding rounds.

Chint Anneng Digital Energy's first fundraising round was a $154M Series A in July 2021. The most recent completed round was a $575M Series B in December 2022.

Chint Anneng Digital Energy funding rounds

Chint Anneng Digital Energy funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2022Series BHangzhou Industrial Investment Group; RCFSI; China Southern Power Grid; National Green Development Fund$575M$2BChint Anneng Digital Energy is a Chinese unicorn startup in the energy sector, founded in 2015, focused on digital energy solutions as a subsidiary or affiliate of the Chint Group conglomerate. It achieved unicorn status with a reported valuation of $2 billion and has raised a total of approximately $729 million in funding. In December 2022, the firm gathered nearly 4 billion yuan ($574.8 million) across two funding rounds, aligning with the specified investors including China Southern Power Grid, Hangzhou Industrial Investment Group, National Green Development Fund, and RCFSI. Traction metrics highlight its position among prominent Chinese energy tech firms. The company operates in China's burgeoning green energy and digital infrastructure market, competing with peers like Envision Group in renewable solutions and digital energy management platforms. Its unicorn recognition underscores investor confidence in digital energy innovations amid China's push for net-zero transitions and energy system digitization.
Jul 2021Series AThree Gorges Green Industry (Shandong) Equity Investment LP; ICBC Investment; Zhejiang Silk Road Fund$154M$772MChint Anneng Digital Energy (Zhengtai Anneng), a subsidiary of Chint Group focused on residential photovoltaic power stations and digital energy solutions, operates in over 2,000 Chinese counties with more than 1.8 million PV stations deployed, generating 54 billion kWh annually and reducing 43.2 million tons of CO2. In October and December 2021, it introduced 11 new shareholders including ICBC Finance (likely related to ICBC Investment), raising approximately 1.001 billion yuan at 2.78 yuan per share, resulting in a post-money valuation of about 6.005 billion yuan. The company pursues investment and merger business in household PV projects via joint ventures with state-owned enterprises and consortiums with local governments, driving high growth in PV power plant sales. Chint Anneng has expanded internationally, e.g., CHINT PVSTAR in Kenya for off-grid solar, and plans further African growth.

Who has invested in Chint Anneng Digital Energy?

7 investors have backed Chint Anneng Digital Energy across its funding rounds, including Hangzhou Industrial Investment Group, ICBC Investment, National Green Development Fund, Zhejiang Silk Road Fund, China Southern Power Grid and RCFSI.


Chint Anneng Digital Energy Investors

Investors in Chint Anneng Digital Energy by funding rounds participated
InvestorHQRoundsRoleFirst check
Hangzhou Industrial Investment GroupChinaHangzhou1ParticipantDec 2022
RCFSIHong KongHong Kong1ParticipantDec 2022
Three Gorges Green Industry (Shandong) Equity Investment LPChinaBeijing1ParticipantJul 2021
ICBC InvestmentChinaNanjing1ParticipantJul 2021
China Southern Power GridChinaGuangzhou1ParticipantDec 2022

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Chint Anneng Digital Energy Competitors

Chint Anneng Digital Energy competitors include listed companies like Sunrun, SMA Solar Technology, SolarEdge and Xinyi Solar, and private ones like SFCC and Enpal.

Public and private companies comparable to Chint Anneng Digital Energy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SunrunUnited StatesUnited StatesPublicly listed$3B$546M$2.1B6.0x
SFCCChinaShenzhenPrivate--$1.9B-
SMA Solar TechnologyGermanyGermanyPublicly listed$1.7B($77M)$2.2B1.1x
SolarEdgeUnited StatesUnited StatesPublicly listed$1.2B($365M)$2.2B1.6x
Xinyi SolarChinaChinaPublicly listed$3.1B$544M$2.3B1.6x
EnpalGermanyBerlinPrivate$1B$24M$2.5B-

Chint Anneng Digital Energy Public Comps

Chint Anneng Digital Energy is still privately-owned, but its public comps include CIMC Enric, Innovex International, Nofar Energy, Sunrun, Luenmei Quantum Co, GCL System Integration, Shenzhen Hymson Laser, GoodWe Technologies, Dongfang Electronics Co and Shanghai Electric Wind.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CIMC Enric$3.9B$271M0.4x0.4x5.9x5.3x
Innovex International$978M$204M1.9x1.9x9.3x9.4x
Nofar Energy$103M$95M49.8x-53.6x-
Sunrun$3B$546M6.2x6.0x33.6x25.4x
Luenmei Quantum Co$483M$220M2.8x2.8x6.1x6.3x
GCL System Integration$2.3B($43M)1.0x0.8x(53.5x)20.5x
Shenzhen Hymson Laser$629M($100M)3.5x-(22.1x)-
GoodWe Technologies$1.3B$47M1.6x1.2x44.7x13.2x

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Common questions about Chint Anneng Digital Energy

When was Chint Anneng Digital Energy founded?Chint Anneng Digital Energy was founded in 2015.
Where is Chint Anneng Digital Energy headquartered?Chint Anneng Digital Energy is headquartered in Hangzhou, China.
Is Chint Anneng Digital Energy publicly listed?No, Chint Anneng Digital Energy is a private, VC-backed company.
What is Chint Anneng Digital Energy's valuation?Chint Anneng Digital Energy was last valued at $2B in its Series B in December 2022.
How much funding has Chint Anneng Digital Energy raised?Chint Anneng Digital Energy has raised $729M across 2 funding rounds.
What was Chint Anneng Digital Energy's last funding round?Chint Anneng Digital Energy's last funding round was a $575M Series B in December 2022.
Who are Chint Anneng Digital Energy's investors?Chint Anneng Digital Energy's investors include Hangzhou Industrial Investment Group, RCFSI, Three Gorges Green Industry (Shandong) Equity Investment LP, ICBC Investment, China Southern Power Grid, Zhejiang Silk Road Fund and National Green Development Fund.
What is Chint Anneng Digital Energy's revenue?Chint Anneng Digital Energy's latest recorded revenue is $4.6B (July 2021).
What is Chint Anneng Digital Energy's revenue multiple?Chint Anneng Digital Energy's latest valuation implies a 0.2x revenue multiple ($772M valuation on $4.6B of revenue).
Which companies are comparable to Chint Anneng Digital Energy?Companies comparable to Chint Anneng Digital Energy include Sunrun, SFCC, SMA Solar Technology, SolarEdge, Xinyi Solar and Enpal.

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