Lianyungang Jiaao Enproenergy Valuation, Funding & Investors

Lianyungang Jiaao Enproenergy is valued at $2.2B as of August 2024.

Last Lianyungang Jiaao Enproenergy valuation

$2.2B

Secondary · Aug 2024

Key investors in Lianyungang Jiaao Enproenergy

Lianyungang Jiaao Enproenergy Overview

About Lianyungang Jiaao Enproenergy

Lianyungang Jiaao Enproenergy Co., Ltd., headquartered in Lianyungang, China, develops and supplies sustainable aviation fuel alongside related energy technologies and services.


Founded

2022

HQ

ChinaJiaxing

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$2.2B (Aug 2024)

Lianyungang Jiaao Enproenergy Valuation

Lianyungang Jiaao Enproenergy is currently valued at $2.2B, based on its secondary sale in August 2024.

The $50M round was led by BP.

Lianyungang Jiaao Enproenergy valuation by funding round

Lianyungang Jiaao Enproenergy valuation by funding round
DateStageValuation
Aug 2024Secondary$2.2B

Lianyungang Jiaao Enproenergy Funding History

Lianyungang Jiaao Enproenergy has 1 recorded secondary share sale and no primary funding rounds.

Lianyungang Jiaao Enproenergy funding rounds

Lianyungang Jiaao Enproenergy funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2024SecondaryBP (lead)$50M$2.2BLianyungang Jiaao Enproenergy Co., Ltd., a subsidiary of Zhejiang Jiaao Enprotech, specializes in producing sustainable aviation fuel (SAF) and renewable diesel from waste oils, positioning it as a leader in China's green energy sector. The company is constructing a 500,000-ton-per-year SAF plant in Lianyungang and serves major clients including Shell, Exxon Mobil, and TotalEnergies. In August 2024, BP invested $49.56 million (354 million CNY) to acquire a 15% equity stake in Lianyungang Jiaao Enproenergy, implying a full company valuation of approximately $330 million. This marked BP's first major SAF investment in China and the first alliance between a global oil major and a Chinese SAF unit, aimed at accelerating SAF commercialization leveraging BP's expertise and Jiaao's technology. Parent company Jiaao Enprotech has 100,000 mt/year SAF capacity and has invested over $1 billion in converting waste cooking oil into SAF for export and domestic demand. The transaction aligns with China's aviation market, which accounts for 11% of global jet fuel use, and anticipated SAF blending mandates of 2-5% by 2030.

Who has invested in Lianyungang Jiaao Enproenergy?

1 investor has backed Lianyungang Jiaao Enproenergy across its funding rounds, including BP.

Lead investors include BP.


Lianyungang Jiaao Enproenergy Investors

Investors in Lianyungang Jiaao Enproenergy by funding rounds participated
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Lianyungang Jiaao Enproenergy Competitors

Lianyungang Jiaao Enproenergy competitors include listed companies like SMA Solar Technology, SolarEdge and Verbio, and private ones like Longroad Energy, Montana Renewables and Enel Green Power Hellas.

Public and private companies comparable to Lianyungang Jiaao Enproenergy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Longroad EnergyUnited StatesBoston, MAPrivate--$2.2B-
SMA Solar TechnologyGermanyGermanyPublicly listed$1.7B($77M)$2.2B1.1x
SolarEdgeUnited StatesUnited StatesPublicly listed$1.2B($365M)$2.2B1.6x
Montana RenewablesUnited StatesWashington, DCPrivate--$2.3B-
Enel Green Power HellasGreeceAthensPrivate--$2.3B-
VerbioGermanyGermanyPublicly listed$1.8B($59M)$2.3B1.2x

Lianyungang Jiaao Enproenergy Public Comps

Lianyungang Jiaao Enproenergy is still privately-owned, but its public comps include SMA Solar Technology, SolarEdge, GCL System Integration, Verbio, Sunrun, Nofar Energy, Xinyi Solar, Auren Energia, Renewables Infrastructure Group and Andersons.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SMA Solar Technology$1.7B($77M)1.2x1.1x(26.4x)14.3x
SolarEdge$1.2B($365M)1.8x1.6x(5.7x)(86.7x)
GCL System Integration$2.3B($43M)1.0x0.8x(53.5x)20.5x
Verbio$1.8B($59M)1.4x1.2x(41.7x)11.1x
Sunrun$3B$546M6.2x6.0x33.6x25.4x
Nofar Energy$103M$95M49.8x-53.6x-
Xinyi Solar$3.1B$544M1.3x1.6x7.7x8.5x
Auren Energia$2.6B$673M2.5x2.9x9.7x10.2x

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Common questions about Lianyungang Jiaao Enproenergy

When was Lianyungang Jiaao Enproenergy founded?Lianyungang Jiaao Enproenergy was founded in 2022.
Where is Lianyungang Jiaao Enproenergy headquartered?Lianyungang Jiaao Enproenergy is headquartered in Jiaxing, China.
Is Lianyungang Jiaao Enproenergy publicly listed?No, Lianyungang Jiaao Enproenergy is a private, VC-backed company.
What is Lianyungang Jiaao Enproenergy's valuation?Lianyungang Jiaao Enproenergy was last valued at $2.2B in its secondary sale in August 2024.
Who are Lianyungang Jiaao Enproenergy's investors?Lianyungang Jiaao Enproenergy's investors include BP.
Which companies are comparable to Lianyungang Jiaao Enproenergy?Companies comparable to Lianyungang Jiaao Enproenergy include Longroad Energy, SMA Solar Technology, SolarEdge, Montana Renewables, Enel Green Power Hellas and Verbio.

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