EcoFlow Tech Revenue, Valuation, Funding & Investors

EcoFlow Tech is valued at $1B as of September 2021, a 5.0x multiple on its last reported $200M revenue.

Last EcoFlow Tech valuation

$1B

Pre-seed · Sep 2021

Last EcoFlow Tech funding round

$10M

Pre-seed · Sep 2021

EcoFlow Tech revenue

$200M

Pre-seed · Sep 2021

Key investors in EcoFlow Tech

  • HSG
  • CICC
  • GL Ventures LLC
  • Delian Capital
  • Guoxin Fund
  • Guangzhou Great Power

EcoFlow Tech Overview

About EcoFlow Tech

EcoFlow Tech is a company, founded in 2017, that develops portable power stations, solar panels, and energy storage systems for outdoor activities, emergency backup power, and home energy management. Its early products included the River power station line, which built traction through a crowdfunding campaign before securing retail distribution through Home Depot, Camping World, Amazon, and HSN.


Founded

2016

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$200M (Sep 2021)

Valuation

$1B (Sep 2021)

EcoFlow Tech Valuation

EcoFlow Tech is currently valued at $1B, based on its pre-seed round in September 2021.

EcoFlow Tech's valuation has moved from $1B at its Series B in June 2021 to $1B in September 2021, across 2 priced rounds.

EcoFlow Tech valuation by funding round

Revenue multiple
EcoFlow Tech valuation by funding round
DateStageValuationRevenue Multiple
Sep 2021Pre-seed$1B5.0x
Jun 2021Series B$1B-

EcoFlow Tech Revenue

EcoFlow Tech's latest recorded revenue is $200M, as of its pre-seed round in September 2021. At a $1B valuation, that implies a 5.0x revenue multiple.

EcoFlow Tech revenue by funding round

EcoFlow Tech revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2021$200M$1B5.0xPre-seed

* 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.

EcoFlow Tech Funding History

EcoFlow Tech has raised a total of $114M across 3 funding rounds.

EcoFlow Tech's first fundraising round was a $5M Series A in April 2018. The most recent completed round was a $10M pre-seed round in September 2021.

EcoFlow Tech funding rounds

EcoFlow Tech funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2021Pre-seed-$10M$1BEcoFlow Tech, founded in 2017 and headquartered in San Jose, United States, develops innovative portable power stations, solar panels, and energy storage systems for outdoor activities, emergency backup, and home energy management. The company raised $100 million in a Series B funding round on June 10, 2021, led by HongShan (formerly Sequoia China), achieving a $1 billion post-money valuation. This round brought total funding to approximately $104 million, including earlier seed to Series A rounds totaling about $4 million from investors like Rencent Capital and China International Capital Corporation (CICC). Funds were allocated to scale production, expand product offerings, and strengthen international presence.
Jun 2021Series BHSG (lead); GL Ventures LLC; CICC; Guoxin Fund$100M$1BEcoFlow Technology Inc. is a Chinese clean energy hardware maker specializing in portable power stations and related products. In 2021, it raised more than $100 million in a funding round from investors including HSG (formerly Sequoia Capital China), Hillhouse Investment Management Ltd., and China International Capital Corp (CICC), with HSG as lead. Founder Bruce Wang stated the round valued the company at several billion dollars. The company was targeting a domestic listing in Shenzhen at that time. The funding supported growth amid expanding demand for clean energy solutions. As of recent reports, EcoFlow is exploring a US IPO, potentially raising at least $300 million, subject to Chinese regulatory approval, highlighting its backing by prominent investors like HSG and shift from domestic to overseas listing plans.
Apr 2018Series AESID; Delian Capital; Chunjia Capital Management; Guangzhou Great Power; Scud Group$5M-EcoFlow Tech raised $4–$4.8 million in its Series A round in April 2018 from a syndicate of supply chain partners including battery makers Guangzhou Penghui Energy and SCUD Group, industrial design firm ESID, and venture firms Delian Capital and Chunjia Assets. The Shenzhen-based company, founded in 2016 by former DJI engineers, manufactures portable power stations and had achieved notable early traction through a $1 million Indiegogo campaign for its River product, which subsequently secured retail distribution through Home Depot, Camping World, Amazon, and HSN. The funding round was designated to support product development, international expansion into Europe and beyond North America, and the launch of new products. Post-money valuation, revenue, and EBITDA figures for this specific round were not disclosed in available public sources.

Who has invested in EcoFlow Tech?

9 investors have backed EcoFlow Tech across its funding rounds, including HSG, CICC, GL Ventures LLC, Delian Capital, Guoxin Fund and Guangzhou Great Power.

Lead investors include HSG.


EcoFlow Tech Investors

Investors in EcoFlow Tech by funding rounds participated
InvestorHQRoundsRoleFirst check
ESIDChinaShenzhen1ParticipantApr 2018
GL Ventures LLCChinaBeijing1ParticipantJun 2021
Delian CapitalChinaBeijing1ParticipantApr 2018
CICCChinaBeijing1ParticipantJun 2021
Chunjia Capital Management--1ParticipantApr 2018
Guangzhou Great PowerChinaGuangzhou1ParticipantApr 2018
Guoxin FundChinaShenzhen1ParticipantJun 2021

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EcoFlow Tech Competitors

EcoFlow Tech competitors include listed companies like Henan Yicheng New Energy, JANAF and Fluence Energy, and private ones like Nyobolt, Polarium and Skeleton Technologies.

Public and private companies comparable to EcoFlow Tech
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NyoboltUnited KingdomCambridgePrivate$9M-$1B-
PolariumSwedenStockholmPrivate$231M$8M$1B4.3x
Skeleton TechnologiesEstoniaEstoniaPrivate$10M-$1B100.0x
Henan Yicheng New EnergyChinaChinaPublicly listed$527M($30M)$1B-
JANAFCroatiaCroatiaPublicly listed$137M$74M$928M-
Fluence EnergyUnited StatesUnited StatesPublicly listed$2.3B($12M)$1.1B0.5x

EcoFlow Tech Public Comps

EcoFlow Tech is still privately-owned, but its public comps include Henan Yicheng New Energy, JANAF, Fluence Energy, ADS-TEC Energy, Sinopec Kantons Holdings, Energy Vault, Emerald Horizon, T1 Energy, Hyliion and Camel Group Co.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Henan Yicheng New Energy$527M($30M)3.0x-(53.0x)-
JANAF$137M$74M6.3x-11.6x-
Fluence Energy$2.3B($12M)0.5x0.5x(103.9x)(8.7x)
ADS-TEC Energy$36M($3M)23.2x26.7x(278.0x)-
Sinopec Kantons Holdings$84M-10.8x---
Energy Vault$204M($83M)4.6x3.6x(11.4x)(46.2x)
Emerald Horizon$259K($523K)4824.8x-(2390.4x)-
T1 Energy$755M($210M)2.7x2.2x(9.7x)52.8x

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Common questions about EcoFlow Tech

When was EcoFlow Tech founded?EcoFlow Tech was founded in 2016.
Where is EcoFlow Tech headquartered?EcoFlow Tech is headquartered in San Francisco, CA, United States.
Is EcoFlow Tech publicly listed?No, EcoFlow Tech is a private, VC-backed company.
What is EcoFlow Tech's valuation?EcoFlow Tech was last valued at $1B in its pre-seed round in September 2021.
How much funding has EcoFlow Tech raised?EcoFlow Tech has raised $114M across 3 funding rounds.
What was EcoFlow Tech's last funding round?EcoFlow Tech's last funding round was a $10M pre-seed round in September 2021.
Who are EcoFlow Tech's investors?EcoFlow Tech's investors include ESID, GL Ventures LLC, Delian Capital, CICC, Chunjia Capital Management, Guangzhou Great Power, Guoxin Fund, Scud Group and HSG.
What is EcoFlow Tech's revenue?EcoFlow Tech's latest recorded revenue is $200M (September 2021).
What is EcoFlow Tech's revenue multiple?EcoFlow Tech's latest valuation implies a 5.0x revenue multiple ($1B valuation on $200M of revenue).
Which companies are comparable to EcoFlow Tech?Companies comparable to EcoFlow Tech include Nyobolt, Polarium, Skeleton Technologies, Henan Yicheng New Energy, JANAF and Fluence Energy.

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