Chint New Energy Valuation, Funding & Investors

Chint New Energy is valued at $1B as of January 2023.

Last Chint New Energy valuation

$1B

Series B · Jan 2023

Last Chint New Energy funding round

$221M

Series B · Jan 2023

Cumulative funding Chint New Energy raised

$221M

across 1 funding round

Key investors in Chint New Energy

  • Hillhouse Investment
  • CICC Capital
  • Zhaoxi Capital
  • Yunhao Capital

Chint New Energy Overview

About Chint New Energy

Chint New Energy is a Shanghai-headquartered clean energy arm of Chint Group that handles photovoltaic project development, engineering procurement construction, and operations maintenance for solar and wind farms across Asia, Europe, and the Americas.


Founded

2009

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$1B (Jan 2023)

Chint New Energy Valuation

Chint New Energy is currently valued at $1B, based on its Series B in January 2023.

The $221M round was led by Yunhao Capital, with participation from Zhaoxi Capital, Hillhouse Investment and CICC Capital.

Chint New Energy valuation by funding round

Chint New Energy valuation by funding round
DateStageValuation
Jan 2023Series B$1B

Chint New Energy Funding History

Chint New Energy has raised a total of $221M across 1 funding round.

Chint New Energy funding rounds

Chint New Energy funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2023Series BYunhao Capital (lead); Zhaoxi Capital; Hillhouse Investment; CICC Capital$221M$1BCHINT (Chint New Energy) is a clean energy company specializing in solar power technology and integrated solutions. The company operates across development, construction, and operation of solar and clean energy projects. In the first half of 2023, CHINT reported operating revenue of $3.82 billion, representing a year-on-year increase of 17.91% compared to H1 2022's $3.23 billion. Net profit attributable to shareholders reached $261.41 million in H1 2023, up 13.70% year-on-year. The company has maintained consistent growth over the three-year period tracked in their reports (H1 2021: $2.23 billion, H1 2022: $3.23 billion, H1 2023: $3.82 billion).

Who has invested in Chint New Energy?

4 investors have backed Chint New Energy across its funding rounds, including Hillhouse Investment, CICC Capital, Zhaoxi Capital and Yunhao Capital.

Lead investors include Yunhao Capital.


Chint New Energy Investors

Investors in Chint New Energy by funding rounds participated
InvestorHQRoundsRoleFirst check
Yunhao CapitalChinaHangzhou1LeadJan 2023
Zhaoxi CapitalChinaShanghai1ParticipantJan 2023

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Investments by Chint New Energy

Chint New Energy has invested in 1 company to date.

Latest investment by Chint New Energy was on August 8th 2024. Chint New Energy invested in Honsun in their $11M Strategic investment round.


Latest Investments by Chint New Energy

Honsun
Description
Honsun is a photovoltaic enterprise constructing a zero-carbon industry chain through production of high-efficiency N-type monocrystalline silicon wafers, solar modules, and power stations. The company operates manufacturing bases in Yunnan, Shandong, and Suzhou provinces.
HQ CountryChina
HQ City
Kunming
Deal Date8 Aug 2024
RoundStrategic investment
Raised$11M
Investors-
Valuation$150M
EV/Revenue
EV/EBITDA

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Chint New Energy Competitors

Chint New Energy competitors include listed companies like SP New Energy and Emerald Horizon, and private ones like Mainspring Energy, Ohmium, Palmetto and Span.

Public and private companies comparable to Chint New Energy
CompanyHQStatusRevenueEBITDAValuation
Mainspring EnergyUnited StatesSan Francisco, CAPrivate--$1B
OhmiumUnited StatesLake Tahoe, NVPrivate--$1B
PalmettoUnited StatesCharleston, SCPrivate--$1B
SpanUnited StatesSan Francisco, CAPrivate--$1B
SP New EnergyPhilippinesPhilippinesPublicly listed$25M($46M)$958M
Emerald HorizonAustriaAustriaPublicly listed$259K($523K)$1.2B
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Henan Yicheng New Energy$527M($30M)3.0x-(53.0x)-
Power Solutions International$722M$115M1.5x1.6x9.7x10.5x
XPLR Infrastructure$1.2B$607M11.8x10.7x23.0x-
Al-Babtain Power & Telecom$762M$162M1.5x1.4x7.0x6.0x
Ceres Power Holdings$44M($51M)22.2x14.2x(18.9x)(78.6x)
Greencoat Renewables($45M)($8M)(51.9x)24.4x(278.9x)24.6x
Jiangsu Zongyi Co$70M$41M16.0x-27.6x-
Babcock & Wilcox$588M$22M1.9x1.2x51.1x15.1x

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Common questions about Chint New Energy

When was Chint New Energy founded?Chint New Energy was founded in 2009.
Where is Chint New Energy headquartered?Chint New Energy is headquartered in Hangzhou, China.
Is Chint New Energy publicly listed?No, Chint New Energy is a private, VC-backed company.
What is Chint New Energy's valuation?Chint New Energy was last valued at $1B in its Series B in January 2023.
How much funding has Chint New Energy raised?Chint New Energy has raised $221M across 1 funding round.
What was Chint New Energy's last funding round?Chint New Energy's last funding round was a $221M Series B in January 2023, led by Yunhao Capital.
Who are Chint New Energy's investors?Chint New Energy's investors include Yunhao Capital, Zhaoxi Capital, Hillhouse Investment and CICC Capital.
Which companies are comparable to Chint New Energy?Companies comparable to Chint New Energy include Mainspring Energy, Ohmium, Palmetto, Span, SP New Energy and Emerald Horizon.
How many companies has Chint New Energy invested in?Chint New Energy has invested in 1 company, including Honsun.
What was Chint New Energy's last investment?In August 2024, Chint New Energy invested in Honsun's $11M strategic investment round.

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