Enesoon Funding, Investors & Competitors

Enesoon has raised $101M across 4 funding rounds, most recently a $50M Series C in May 2019.

Last Enesoon funding round

$50M

Series C · May 2019

Cumulative funding Enesoon raised

$101M

across 4 funding rounds

Key investors in Enesoon

  • China Hi-Tech Fund
  • Hongzhou Jinjiang Group
  • Kainen Corporation

Enesoon Overview

About Enesoon

Enesoon is a Shenzhen-headquartered provider of thermal energy storage systems for HVAC in China. Its phase-change material tanks store cooling or heating for peak shaving in commercial buildings across 21 provinces. Enesoon deploys IoT-monitored units covering 500 million square meters, partnering with the Chinese Academy of Sciences and universities like MIT for R&D. Designated a national high-tech enterprise, it holds over 700 patents including US and EU approvals.


Founded

2011

HQ

ChinaShenzhen

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Enesoon Funding History

Enesoon has raised a total of $101M across 4 funding rounds.

Enesoon's first fundraising round was a $800K pre-seed round in March 2013. The most recent completed round was a $50M Series C in May 2019.

Enesoon funding rounds

Enesoon funding rounds
DateStageInvestorsRaised
May 2019Series CChina Hi-Tech Fund (lead)$50M
Oct 2018Series BHongzhou Jinjiang Group (lead)$43M
Sep 2017Series AKainen Corporation (lead)$8M
Mar 2013Pre-seed-$800K

Who has invested in Enesoon?

3 investors have backed Enesoon across its funding rounds, including China Hi-Tech Fund, Hongzhou Jinjiang Group and Kainen Corporation.

Lead investors include China Hi-Tech Fund, Hongzhou Jinjiang Group and Kainen Corporation.


Enesoon Investors

Investors in Enesoon by funding rounds participated
InvestorHQRoundsRoleFirst check
China Hi-Tech FundChinaShenzhen1LeadMay 2019

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Enesoon Competitors

Enesoon competitors include listed companies like First Solar, Jinko Solar, Enphase Energy and CSI Solar, and private ones like Turntide Technologies and Radiant.

Public and private companies comparable to Enesoon
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
First SolarUnited StatesUnited StatesPublicly listed$5.2B$2.1B$22B4.0x
Jinko SolarChinaChinaPublicly listed$9.8B$35M$5.7B0.9x
Enphase EnergyUnited StatesUnited StatesPublicly listed$1.5B$227M$4.8B3.5x
CSI SolarChinaChinaPublicly listed$6B$801M$4.4B1.0x
Turntide TechnologiesUnited StatesSan Francisco, CAPrivate--$1B-
RadiantUnited StatesLos Angeles, CAPrivate--$1.8B-

Enesoon Public Comps

Enesoon is still privately-owned, but its public comps include GE Vernova, Siemens Energy, Johnson Controls, Bloom Energy, SLB, Baker Hughes, Sandvik, Doosan Enerbility, Vestas and BOE.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
Siemens Energy$45B$4.5B2.7x2.4x27.3x16.1x
Johnson Controls$24B$3B4.0x3.7x31.0x20.0x
Bloom Energy$2B($14M)40.9x23.7x(5906.9x)112.5x
SLB$36B$7B2.4x2.4x12.5x10.6x
Baker Hughes$28B$4.3B2.0x2.0x13.3x11.3x
Sandvik$12B$2.9B4.2x3.6x18.2x14.3x
Doosan Enerbility$12B$818M3.7x3.6x56.6x40.9x

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Common questions about Enesoon

When was Enesoon founded?Enesoon was founded in 2011.
Where is Enesoon headquartered?Enesoon is headquartered in Shenzhen, China.
Is Enesoon publicly listed?No, Enesoon is a private, VC-backed company.
How much funding has Enesoon raised?Enesoon has raised $101M across 4 funding rounds.
What was Enesoon's last funding round?Enesoon's last funding round was a $50M Series C in May 2019, led by China Hi-Tech Fund.
Who are Enesoon's investors?Enesoon's investors include China Hi-Tech Fund, Kainen Corporation and Hongzhou Jinjiang Group.
Which companies are comparable to Enesoon?Companies comparable to Enesoon include First Solar, Jinko Solar, Enphase Energy, CSI Solar, Turntide Technologies and Radiant.

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