Gokin Solar Valuation, Funding & Investors

Gokin Solar is valued at $1.5B as of April 2022.

Last Gokin Solar valuation

$1.5B

Series A · Apr 2022

Last Gokin Solar funding round

$4M

Seed · May 2023

Cumulative funding Gokin Solar raised

$622M

across 3 funding rounds

Key investors in Gokin Solar

  • Guangdong Technology Financial Group
  • Shenzhen Investment Holdings
  • IDG Capital
  • CICC
  • GF Xinde Investment Management
  • GoldStone Investment

Gokin Solar Overview

About Gokin Solar

Gokin Solar is a Chinese enterprise dedicated to research, development, and production of high-efficiency monocrystalline and polycrystalline silicon wafers for photovoltaic modules, supplying the solar panel industry from facilities in eastern provinces.


Founded

2019

HQ

ChinaZhuhai

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$1.5B (Apr 2022)

Gokin Solar Valuation

Gokin Solar is currently valued at $1.5B, based on its Series A in April 2022.

The $249M round included ProCapital, Shenzhen Investment Holdings, IDG Capital, Zhuhai Huafa Group, Midea Capital and 5 other investors.

Gokin Solar valuation by funding round

Gokin Solar valuation by funding round
DateStageValuation
Apr 2022Series A$1.5B

Gokin Solar Funding History

Gokin Solar has raised a total of $622M across 3 funding rounds.

Gokin Solar's first fundraising round was a $249M Series A in April 2022. The most recent completed round was a $4M seed round in May 2023.

Gokin Solar funding rounds

Gokin Solar funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2023SeedVictor Koch; People's Capital$4M--
Aug 2022Series BShenzhen Investment Holdings; GoldStone Investment; Guofu Fund; Jolmo Capital; CICC; Haitong Kaiyuan Investment; Huamin Asset Management Partnership; Green Capital; Guangdong Technology Financial Group; GF Xinde Investment Management; Guangdong Yuecai Venture Capital Co., Ltd.$370M--
Apr 2022Series AProCapital; Shenzhen Investment Holdings; IDG Capital; Zhuhai Huafa Group; Midea Capital; CCBT Private Equity; Huimei Capital; Guangdong Technology Financial Group; China Science and Technology Innovation; AIKO Solar$249M$1.5BGokin Solar is a solar technology company, likely focused on solar wafer manufacturing based on industry listings. It has raised a total of $616.17M across 4 funding rounds, with 21 investors involved overall. The specific Series A round on April 13, 2022, achieved a post-money valuation of $1,507.02M. This round aligns with the listed investors including CCBT Private Equity, China Science and Technology Innovation, Guangdong Aiko Solar Energy Technology, Guangdong Technology Financial Group, Huimei Capital, IDG Capital, Midea Capital, ProCapital, Shenzhen Investment Holdings, and Zhuhai Huafa Group, totaling 10 investors for that deal. A subsequent Series B round on August 31, 2022, raised $365M from a different set of investors including China Capital Investment Group, GoldStone Investment, Guangdong Technology Financial Group, Haitong Kaiyuan Investment, Hi-Tech Capital, People Capital, Ti-Capital, Undisclosed Investors, Walden International, and Xinte Energy. Earlier seed rounds occurred on June 25, 2021, and March 5, 2021. Gokin Solar appears in broader solar funding reports, such as a Mercom Capital Group summary noting $360M raised (likely referencing the Series B), amid global solar corporate funding of $18.7B in 9M 2022. Traction is indicated by its selection as a top climate tech startup by total fundraising ($613M as of August 2022), positioning it among peers like Verkor and Helion Energy. It is mentioned as a customer of Daqo New Energy Corp., accounting for 11.5% of Daqo's revenues in 2022, suggesting operational scale in the solar supply chain.

Who has invested in Gokin Solar?

21 investors have backed Gokin Solar across its funding rounds, including Guangdong Technology Financial Group, Shenzhen Investment Holdings, IDG Capital, CICC, GF Xinde Investment Management and GoldStone Investment.


Gokin Solar Investors

Investors in Gokin Solar by funding rounds participated
InvestorHQRoundsRoleFirst check
Shenzhen Investment HoldingsChinaShenzhen2ParticipantApr 2022
Guangdong Technology Financial GroupChinaGuangzhou2ParticipantApr 2022
ProCapitalChinaBeijing1ParticipantApr 2022
GoldStone InvestmentChinaBeijing1ParticipantAug 2022
IDG CapitalChinaBeijing1ParticipantApr 2022
Victor KochHong KongHong Kong1ParticipantMay 2023
People's CapitalChinaShanghai1ParticipantMay 2023
Guofu FundChinaChina1ParticipantAug 2022
Jolmo CapitalChinaChina1ParticipantAug 2022
CICCChinaBeijing1ParticipantAug 2022
Zhuhai Huafa GroupChinaZhuhai1ParticipantApr 2022
Midea CapitalChinaChina1ParticipantApr 2022
Haitong Kaiyuan InvestmentChinaShanghai1ParticipantAug 2022

This data is available for Pro users. Sign up to see all 21 Gokin Solar investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Gokin Solar Competitors

Gokin Solar competitors include listed companies like CS Wind, Inox Wind, Shoals and Emerald Horizon, and private ones like 1Komma5° and SFCC.

Public and private companies comparable to Gokin Solar
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CS WindSouth KoreaSouth KoreaPublicly listed$2.1B$205M$1.6B1.1x
1Komma5°GermanyGermanyPrivate$598M-$1.4B-
Inox WindIndiaIndiaPublicly listed$439M$100M$1.3B3.0x
ShoalsUnited StatesUnited StatesPublicly listed$475M$72M$1.3B2.6x
Emerald HorizonAustriaAustriaPublicly listed$259K($523K)$1.2B-
SFCCChinaShenzhenPrivate--$1.9B-

Gokin Solar Public Comps

Gokin Solar is still privately-owned, but its public comps include Birlesim Grup Enerji, Econergy, Romande Energie, Premier Energy, Landis+Gyr, CS Wind, Friedrich Vorwerk Group, CleanMax, CropEnergies and REX American Resources.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Birlesim Grup Enerji$31M$15M50.6x-103.3x-
Econergy$11M($64M)205.8x-(34.8x)-
Romande Energie$960M$231M1.9x1.9x7.9x9.4x
Premier Energy$2B$193M0.9x0.9x9.2x9.2x
Landis+Gyr$1.2B$145M1.5x1.5x12.2x10.9x
CS Wind$2.1B$205M1.0x1.1x10.6x6.7x
Friedrich Vorwerk Group$811M$177M1.6x1.5x7.5x6.1x
CleanMax$199M$125M14.5x10.8x23.0x18.2x

This data is available for Pro users. Sign up to see all Gokin Solar competitors and their valuation data.

Start Free Trial

Common questions about Gokin Solar

When was Gokin Solar founded?Gokin Solar was founded in 2019.
Where is Gokin Solar headquartered?Gokin Solar is headquartered in Zhuhai, China.
Is Gokin Solar publicly listed?No, Gokin Solar is a private, VC-backed company.
What is Gokin Solar's valuation?Gokin Solar was last valued at $1.5B in its Series A in April 2022.
How much funding has Gokin Solar raised?Gokin Solar has raised $622M across 3 funding rounds.
What was Gokin Solar's last funding round?Gokin Solar's last funding round was a $4M seed round in May 2023.
Who are Gokin Solar's investors?Gokin Solar's investors include Shenzhen Investment Holdings, Guangdong Technology Financial Group, ProCapital, GoldStone Investment, IDG Capital, Victor Koch, People's Capital, Guofu Fund, Jolmo Capital, CICC and 11 others.
Which companies are comparable to Gokin Solar?Companies comparable to Gokin Solar include CS Wind, 1Komma5°, Inox Wind, Shoals, Emerald Horizon and SFCC.

See companies similar to Gokin Solar

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial