- Companies
- LonDian
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Apr 2019 | Strategic investment | $800M |
LonDian Funding History
LonDian has raised a total of $244M across 1 funding round.
LonDian funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2019 | Strategic investment | SK Group (lead) | $244M | $800M | Shenzhen 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 LonDian 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 TrialAcquisitions 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
| 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 Country | |
| HQ City | Lingbao |
| Deal Date | 12 Aug 2018 |
| Valuation | $380M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all LonDian acquisitions and their M&A valuation multiples. Start Free Trial | |
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
| 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 Country | |
| HQ City | Xi'an |
| Deal Date | 17 Sep 2018 |
| Round | Seed |
| Raised | $2M |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all LonDian investments and their VC round multiples. Start Free Trial | |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $801M | - | ||
| Private | - | $51M | $836M | - | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $958M | - | ||
| Publicly listed | $443M | $100M | $1B | 2.4x | ||
| Publicly listed | $5.6B | $546M | $629M | 1.5x |
LonDian Public Comps
LonDian is still privately-owned, but its public comps include Al-Babtain Power & Telecom, Shanghai Huitong Energy, Reliance Power, BW Offshore, Waaree Renewable Technologies, Viridien, Changgao Electric Group, Ceres Power Holdings, Hunting and Engie Energia Peru.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $762M | $162M | 1.2x | 1.1x | 5.7x | 4.9x | |||
| $15M | $6M | 47.2x | - | 113.6x | - | |||
| $757M | $280M | 3.0x | - | 8.1x | - | |||
| $510M | $255M | 4.6x | 3.7x | 9.3x | 7.6x | |||
| $350M | $67M | 2.7x | 2.7x | 14.1x | 14.1x | |||
| $1.1B | $272M | 1.5x | 1.5x | 6.0x | 3.4x | |||
| $250M | $70M | 2.5x | 2.1x | 9.0x | 5.0x | |||
| $44M | ($51M) | 11.9x | 7.5x | (10.2x) | (44.6x) | |||
This data is available for Pro users. Sign up to see all LonDian competitors and their valuation data. Start Free Trial | ||||||||
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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