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- Gokin Solar
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2023 | Seed | Victor Koch; People's Capital | $4M | - | - |
| Aug 2022 | Series B | Shenzhen 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 2022 | Series A | ProCapital; 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 | $1.5B | Gokin 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Apr 2022 | ||
| 2 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Aug 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 TrialGokin Solar Competitors
Gokin Solar competitors include listed companies like CS Wind, Inox Wind, Shoals and Emerald Horizon, and private ones like 1Komma5° and SFCC.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.1B | $205M | $1.6B | 1.1x | ||
| Private | $598M | - | $1.4B | - | ||
| Publicly listed | $439M | $100M | $1.3B | 3.0x | ||
| Publicly listed | $475M | $72M | $1.3B | 2.6x | ||
| Publicly listed | $259K | ($523K) | $1.2B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $31M | $15M | 50.6x | - | 103.3x | - | |||
| $11M | ($64M) | 205.8x | - | (34.8x) | - | |||
| $960M | $231M | 1.9x | 1.9x | 7.9x | 9.4x | |||
| $2B | $193M | 0.9x | 0.9x | 9.2x | 9.2x | |||
| $1.2B | $145M | 1.5x | 1.5x | 12.2x | 10.9x | |||
| $2.1B | $205M | 1.0x | 1.1x | 10.6x | 6.7x | |||
| $811M | $177M | 1.6x | 1.5x | 7.5x | 6.1x | |||
| $199M | $125M | 14.5x | 10.8x | 23.0x | 18.2x | |||
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. |
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