Powin Energy Valuation, Funding & Investors
Powin Energy is valued at $83M as of August 2014.
Last Powin Energy valuation
$83M
Undisclosed stage · Aug 2014
Last Powin Energy funding round
$135M
Undisclosed stage · Jul 2022
Cumulative funding Powin Energy raised
$160M
across 2 funding rounds
Key investors in Powin Energy
GIC
Energy Impact Partners
Trilantic North America
Shunfeng Photovoltaic
About Powin Energy
Powin Energy is an Oregon-headquartered manufacturer of lithium-ion battery energy storage systems for utility-scale, commercial, telecom, and transportation applications. Tualatin-based since 2013, the company delivers modular solutions backed by Powin Corporation expertise in contract manufacturing.
Founded
2010
HQ
Portland, ORWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$83M (Aug 2014)
Sectors
Powin Energy Valuation
Powin Energy is currently valued at $83M, based on its undisclosed-stage round in August 2014.
The $25M round was led by Shunfeng Photovoltaic.
Powin Energy valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2014 | Undisclosed stage | $83M |
Powin Energy Funding History
Powin Energy has raised a total of $160M across 2 funding rounds.
Powin Energy's first fundraising round was a $25M undisclosed-stage round in August 2014. The most recent completed round was a $135M undisclosed-stage round in July 2022.
Powin Energy funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2022 | Undisclosed stage | GIC (lead); Trilantic North America; Energy Impact Partners | $135M | - | Powin Energy, a global leader in energy storage solutions based in Portland, Oregon, specializes in designing and manufacturing safe, scalable battery energy storage systems (BESS) with innovative hardware and software to support grid decarbonization and renewable energy integration. On July 14, 2022, the company announced a $135 million growth equity investment led by GIC, Singapore's sovereign wealth fund, with participation from existing investors Trilantic Energy Partners North America and Energy Impact Partners. This funding followed a recent strategic equity investment from Samsung Venture Investment Corporation and aims to fuel Powin's continued growth, international expansion, global manufacturing scale-up, product development, and strengthening of international supplier relationships. The investment underscores Powin's market leadership in grid-scale energy storage amid rapid sector growth driven by renewable energy expansion. Despite challenges like supply chain disruptions, regulatory uncertainties, and rising capital costs, Powin had built a 10 gigawatt-hour energy storage business and delivered over 2,500 MWh of BESS across 12 U.S. states and eight countries. The company also secured a contracted pipeline exceeding 10,000 MWh of energy storage systems to be supplied globally over the subsequent two years. Key stakeholders expressed optimism about Powin's role in transforming energy production, storage, and consumption. CEO Geoff Brown highlighted the vote of confidence in Powin's business position and customer trust, while Board Chairman Glenn Jacobson emphasized its technology-forward platform positioning it at the forefront of the energy transition. Evercore acted as financial advisor, with Kirkland & Ellis providing legal counsel to Powin, and Sidley Austin advising GIC. This round builds on prior investments, including Trilantic and EIP's controlling stakes acquired less than 18 months earlier. |
| Aug 2014 | Undisclosed stage | Shunfeng Photovoltaic (lead) | $25M | $83M | Powin Energy is a US-based company specializing in advanced energy storage technology, including research and development in energy storage, load shifting, and fast charging techniques. In August 2014, Shunfeng Photovoltaic, through its fully owned subsidiary SF Technology, acquired a 30% equity stake in Powin Energy for $25 million. This transaction valued the company at an implied post-money valuation of approximately $83.3 million, as the $25 million investment represented 30% ownership. The investment was part of Shunfeng's broader strategy to expand into integrated clean energy solutions, leveraging synergies between solar products, power generation, and energy storage. Shunfeng highlighted Powin's advanced technology as a key asset in its portfolio of acquisitions that year, which also included Wuxi Suntech and others to vertically integrate its operations. Under the share subscription agreement, $5.2 million of the proceeds were designated to pay off existing debt at Powin Energy, with the remainder supporting its operations and growth. Shunfeng had the option to acquire an additional 30% stake over the next two years, potentially increasing its ownership. No specific revenue, ARR, or EBITDA figures for Powin Energy around the 2014 funding date are reported in the sources. Shunfeng's own financials for 2014 detail substantial growth in solar product sales and power generation following its acquisitions, but do not disclose Powin's metrics. |
Who has invested in Powin Energy?
4 investors have backed Powin Energy across its funding rounds, including GIC, Energy Impact Partners, Trilantic North America and Shunfeng Photovoltaic.
Lead investors include GIC and Shunfeng Photovoltaic.
Powin Energy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 1 | Participant | Jul 2022 | |
 Singapore | 1 | Lead | Jul 2022 | |
This data is available for Pro users. Sign up to see all 4 Powin Energy investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Powin Energy
Powin Energy has acquired 2 companies to date.
Last acquisition by Powin Energy was on December 29th 2022. Powin Energy acquired GPTech for undisclosed valuation.
Latest Acquisitions by Powin Energy
| Description | GPTech is a Madrid-based developer of power electronics for renewable energy, including solar inverters, transformers, and control systems. Operating projects across Europe, Latin America, the United States, China, South Africa, and India, the company holds a leading position in photovoltaic markets in Latin America with deployments exceeding gigawatt-scale installations. | EKS Energy is a UK-based specialist in power electronics, control systems, and software optimization for energy storage projects. It designs battery management platforms and field services to enhance performance in grid-scale and commercial applications worldwide. |
| HQ Country |  |  |
| HQ City | Sevilla | Worcester |
| Deal Date | 29 Dec 2022 | 19 Sep 2022 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Powin Energy acquisitions and their M&A valuation multiples. Start Free Trial | ||
Powin Energy Competitors
Powin Energy competitors include listed companies like Lucent, NOVONIX and CBAK Energy Technology, and private ones like Vestwoods, Zitara Technologies and Swap.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Hangzhou | Private | - | - | $84M | - | |
| San Francisco, CA | Private | - | - | $82M | - | |
| United States | Publicly listed | $1M | ($18K) | $81M | - | |
 Australia | Publicly listed | $6M | ($77M) | $78M | 69.5x | |
 Jakarta | Private | - | - | $76M | - | |
| China | Publicly listed | $195M | $113K | $94M | 0.4x |
Powin Energy Public Comps
Powin Energy is still privately-owned, but its public comps include Lucent, NOVONIX, Wallbox, CBAK Energy Technology, Voltatron, Gogoro, Iondrive, Carnegie Clean Energy, Stem and Monbat.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1M | ($18K) | 55.6x | - | (4509.4x) | - | |||
| $6M | ($77M) | 19.8x | 69.5x | (1.4x) | - | |||
| $167M | ($59M) | 1.8x | 1.8x | (5.0x) | (10.7x) | |||
| $195M | $113K | 0.7x | 0.4x | 1179.2x | - | |||
| $7M | ($4M) | 13.9x | 2.0x | (23.4x) | 20.2x | |||
| $281M | $24M | 1.2x | 1.2x | 14.4x | 5.1x | |||
| $3M | - | 34.3x | 34.3x | - | (47.0x) | |||
| $226K | ($1M) | 247.3x | - | (51.8x) | - | |||
This data is available for Pro users. Sign up to see all Powin Energy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Powin Energy
| When was Powin Energy founded? | Powin Energy was founded in 2010. |
| Where is Powin Energy headquartered? | Powin Energy is headquartered in Portland, OR, United States. |
| Is Powin Energy publicly listed? | No, Powin Energy is a private, VC-backed company. |
| What is Powin Energy's valuation? | Powin Energy was last valued at $83M in its undisclosed-stage round in August 2014. |
| How much funding has Powin Energy raised? | Powin Energy has raised $160M across 2 funding rounds. |
| What was Powin Energy's last funding round? | Powin Energy's last funding round was a $135M undisclosed-stage round in July 2022, led by GIC. |
| Who are Powin Energy's investors? | Powin Energy's investors include Trilantic North America, GIC, Energy Impact Partners and Shunfeng Photovoltaic. |
| Which companies are comparable to Powin Energy? | Companies comparable to Powin Energy include Vestwoods, Zitara Technologies, Lucent, NOVONIX, Swap and CBAK Energy Technology. |
| How many companies has Powin Energy acquired? | Powin Energy has acquired 2 companies, including GPTech and EKS Energy. |
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