PVPower Valuation, Funding & Investors

PVPower is valued at $1.5B as of February 2018.

Last PVPower valuation

$1.5B

Undisclosed stage · Feb 2018

Last PVPower funding round

$20M

Undisclosed stage · Feb 2018

Cumulative funding PVPower raised

$20M

across 1 funding round

Key investors in PVPower

  • VinaCapital Vietnam Opportunity Fund

PVPower Overview

About PVPower

PVPower is a platform empowering U.S. independent solar installers through an online marketplace that matches projects with system configurations from thousands of suppliers. Users input project details to receive real-time quotes on panels, inverters, racking, and batteries, sorted by cost per watt with availability and shipping data. Headquartered in California, PVPower streamlines procurement for residential and commercial installs, processing orders for over 500 installers nationwide.


Founded

2009

HQ

United StatesChicago, IL

Status

Privately held

Customer focus

B2B

Revenue model

Commission

Valuation

$1.5B (Feb 2018)

PVPower Valuation

PVPower is currently valued at $1.5B, based on its undisclosed-stage round in February 2018.

The $20M round was led by VinaCapital Vietnam Opportunity Fund.

PVPower valuation by funding round

PVPower valuation by funding round
DateStageValuation
Feb 2018Undisclosed stage$1.5B

PVPower Funding History

PVPower has raised a total of $20M across 1 funding round.

PVPower funding rounds

PVPower funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2018Undisclosed stageVinaCapital Vietnam Opportunity Fund (lead)$20M$1.5BPetroVietnam Power Corporation (PV Power) is Vietnam's second-largest power producer, generating 4.2 gigawatts (GW), equivalent to 10% of the country's electricity supply. In late January 2018, PV Power conducted its initial public offering (IPO), offloading 468 million shares and raising approximately $311 million for the State. VinaCapital Vietnam Opportunity Fund (VOF) invested $20 million in PV Power shares at the IPO, part of a broader $45 million allocation that also included BSR shares. The investment was made at a starting price of VNĐ14,400 per share, described by VOF as an attractive opportunity with an estimated price-to-earnings (P/E) ratio of 11.5x. PV Power was valued at $1.5 billion around this period. This aligns with the user's approximate date of February 21, 2018, shortly following the January 31 IPO. No specific revenue, ARR, or EBITDA figures for PV Power near the round date were reported in the sources using terms like 'revenue' or 'EBITDA.' The deal represented a strategic entry by VOF into Vietnam's power sector amid equitisation efforts by state-owned enterprises.

Who has invested in PVPower?

1 investor has backed PVPower across its funding rounds, including VinaCapital Vietnam Opportunity Fund.

Lead investors include VinaCapital Vietnam Opportunity Fund.


PVPower Investors

Investors in PVPower by funding rounds participated
InvestorHQRoundsRoleFirst check

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PVPower Competitors

PVPower competitors include listed companies like Friedrich Vorwerk Group and thyssenkrupp nucera, and private ones like Enpal, View, SK on and Arcadia.

Public and private companies comparable to PVPower
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Friedrich Vorwerk GroupGermanyGermanyPublicly listed$811M$177M$1.6B1.5x
thyssenkrupp nuceraGermanyGermanyPublicly listed$973M$17M$1.2B0.8x
EnpalGermanyBerlinPrivate$1B$24M$2.5B-
ViewUnited StatesSan Jose, CAPrivate--$700M-
SK onSouth KoreaSeoulPrivate--$17B-
ArcadiaUnited StatesDenver, COPrivate--$1.5B-

PVPower Public Comps

PVPower is still privately-owned, but its public comps include Romande Energie, Kimbell Royalty Partners, Yinson, Landis+Gyr, Navigator Gas, Aygaz, CS Wind, Friedrich Vorwerk Group, Longshine Technology and Gas Malaysia.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Romande Energie$960M$231M1.9x1.9x7.9x9.4x
Kimbell Royalty Partners$322M$258M6.7x5.8x8.4x7.0x
Yinson$1.3B$692M4.3x4.6x8.2x7.2x
Landis+Gyr$1.2B$145M1.5x1.5x12.2x10.9x
Navigator Gas$587M$295M3.9x4.2x7.7x7.6x
Aygaz$1.8B$120M0.7x0.6x11.4x15.0x
CS Wind$2.1B$205M1.0x1.1x10.6x6.7x
Friedrich Vorwerk Group$811M$177M1.6x1.5x7.5x6.1x

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Common questions about PVPower

When was PVPower founded?PVPower was founded in 2009.
Where is PVPower headquartered?PVPower is headquartered in Chicago, IL, United States.
Is PVPower publicly listed?No, PVPower is a private, VC-backed company.
What is PVPower's valuation?PVPower was last valued at $1.5B in its undisclosed-stage round in February 2018.
How much funding has PVPower raised?PVPower has raised $20M across 1 funding round.
What was PVPower's last funding round?PVPower's last funding round was a $20M undisclosed-stage round in February 2018, led by VinaCapital Vietnam Opportunity Fund.
Who are PVPower's investors?PVPower's investors include VinaCapital Vietnam Opportunity Fund.
Which companies are comparable to PVPower?Companies comparable to PVPower include Friedrich Vorwerk Group, thyssenkrupp nucera, Enpal, View, SK on and Arcadia.

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