LonDian Valuation, Funding & Investors

LonDian is valued at $800M as of April 2019.

Last LonDian valuation

$800M

Strategic investment · Apr 2019

Last LonDian funding round

$244M

Strategic investment · Apr 2019

Cumulative funding LonDian raised

$244M

across 1 funding round

Key investors in LonDian

  • SK Group

LonDian Overview

About LonDian

Shenzhen Longdian Electric Co., Ltd. is a Shenzhen-based national high-tech enterprise founded in 1996 specializing in power equipment, new energy solutions, and new materials, with products deployed in Nordic countries, the United Kingdom, Germany, Portugal, Japan, South Korea, South America, Thailand, Indonesia, Malaysia, and Bangladesh.


Founded

1996

HQ

ChinaShenzhen

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$800M (Apr 2019)

LonDian Valuation

LonDian is currently valued at $800M, based on its strategic investment round in April 2019.

The $244M round was led by SK Group.

LonDian valuation by funding round

LonDian valuation by funding round
DateStageValuation
Apr 2019Strategic investment$800M

LonDian Funding History

LonDian has raised a total of $244M across 1 funding round.

LonDian funding rounds

LonDian funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2019Strategic investmentSK Group (lead)$244M$800MShenzhen Londian Electrics (also referred to as LonDian or Londian Wason) is a Chinese high-tech company specializing in power equipment, new energy materials, and owning copper foil producer Wason Copper Foil, aiming to lead in materials for new energy vehicles. SK Group completed a USD 250 million investment on April 16, 2019, forming China's first JV under the new foreign investment law, following a prior USD 240 million investment in November 2018 at an enterprise value of USD 800 million and a follow-on USD 250 million in 2019. The April 2019 round involved SK Group as the sole investor in the JV focused on becoming the world's top supplier of new energy vehicle materials. Local media later valued Londian Wason at KRW 4-5 trillion (USD 3.1-3.6 billion) in 2023 during SK's exit discussions. SK eyed gains from exiting its stake pre-IPO in 2024, advised by UBS, while Londian Wason planned a US listing with Citigroup and Goldman Sachs, offering mostly primary shares.

Who has invested in LonDian?

1 investor has backed LonDian across its funding rounds, including SK Group.

Lead investors include SK Group.


LonDian Investors

Investors in LonDian by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by LonDian

LonDian has acquired 1 company to date.

Last acquisition by LonDian was on August 12th 2018. LonDian acquired Lingbao Wason Copper Foil for $380M.


Latest Acquisitions by LonDian

Lingbao Wason Copper Foil
Description
Lingbao Wason Copper Foil is a manufacturer of electrolytic copper foil based in Lingbao, Henan Province, China. It produces high-precision foil from 4 to 70 micrometres in thickness, used as the current collector in lithium-ion batteries for electric vehicles and consumer electronics and in printed circuit boards. The company was founded in 2001 as a subsidiary of the gold producer Lingbao Gold Group and was sold to Shenzhen Londian Electrics in 2018. It is now a subsidiary of Londian Wason, a Shenzhen-headquartered group that also operates copper foil plants in other Chinese provinces. The business sells its foil directly to battery cell makers and electronics manufacturers, and revenue comes from product sales priced against copper. Its customers are industrial buyers in the battery and electronics supply chains.
HQ CountryChina
HQ City
Lingbao
Deal Date12 Aug 2018
Valuation$380M
EV/Revenue
EV/EBITDA

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Investments by LonDian

LonDian has invested in 1 company to date.

Latest investment by LonDian was on September 17th 2018. LonDian invested in LINGRUIDA in their $2M Seed round.


Latest Investments by LonDian

LINGRUIDA
Description
LINGRUIDA is a Shenzhen-based supplier of communication power equipment and solutions. The company produces DC power systems, rectifiers, batteries, and monitoring modules for telecom base stations and data centers. Serving operators in China and Asia, LINGRUIDA's products support 5G infrastructure with high-efficiency designs compliant with YD/T standards, including outdoor cabinets for remote deployments.
HQ CountryChina
HQ City
Xi'an
Deal Date17 Sep 2018
RoundSeed
Raised$2M
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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LonDian Competitors

LonDian competitors include listed companies like Inox Wind and Canadian Solar, and private ones like MSolar, Rayzon Solar, Viridi Parente and Han Hydropower.

Public and private companies comparable to LonDian
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MSolarUnited StatesUnited StatesPrivate--$801M-
Rayzon SolarIndiaSuratPrivate-$51M$836M-
Viridi ParenteUnited StatesBuffalo, NYPrivate--$700M-
Han HydropowerChinaShanghaiPrivate--$958M-
Inox WindIndiaIndiaPublicly listed$443M$100M$1B2.4x
Canadian SolarUnited StatesUnited StatesPublicly listed$5.6B$546M$629M1.5x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Al-Babtain Power & Telecom$762M$162M1.2x1.1x5.7x4.9x
Shanghai Huitong Energy$15M$6M47.2x-113.6x-
Reliance Power$757M$280M3.0x-8.1x-
BW Offshore$510M$255M4.6x3.7x9.3x7.6x
Waaree Renewable Technologies$350M$67M2.7x2.7x14.1x14.1x
Viridien$1.1B$272M1.5x1.5x6.0x3.4x
Changgao Electric Group$250M$70M2.5x2.1x9.0x5.0x
Ceres Power Holdings$44M($51M)11.9x7.5x(10.2x)(44.6x)

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Common questions about LonDian

When was LonDian founded?LonDian was founded in 1996.
Where is LonDian headquartered?LonDian is headquartered in Shenzhen, China.
Is LonDian publicly listed?No, LonDian is a private, VC-backed company.
What is LonDian's valuation?LonDian was last valued at $800M in its strategic investment round in April 2019.
How much funding has LonDian raised?LonDian has raised $244M across 1 funding round.
What was LonDian's last funding round?LonDian's last funding round was a $244M strategic investment round in April 2019, led by SK Group.
Who are LonDian's investors?LonDian's investors include SK Group.
Which companies are comparable to LonDian?Companies comparable to LonDian include MSolar, Rayzon Solar, Viridi Parente, Han Hydropower, Inox Wind and Canadian Solar.
How many companies has LonDian acquired?LonDian has acquired 1 company, including Lingbao Wason Copper Foil.
What was the largest acquisition by LonDian?The $380M acquisition of Lingbao Wason Copper Foil in August 2018 is the largest acquisition LonDian has made to date.
How many companies has LonDian invested in?LonDian has invested in 1 company, including LINGRUIDA.
What was LonDian's last investment?In September 2018, LonDian invested in LINGRUIDA's $2M seed round.

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