- Companies
- PVPower
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Feb 2018 | Undisclosed stage | $1.5B |
PVPower Funding History
PVPower has raised a total of $20M across 1 funding round.
PVPower funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2018 | Undisclosed stage | VinaCapital Vietnam Opportunity Fund (lead) | $20M | $1.5B | PetroVietnam 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 PVPower 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 TrialPVPower Competitors
PVPower competitors include listed companies like Friedrich Vorwerk Group and thyssenkrupp nucera, and private ones like Enpal, View, SK on and Arcadia.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $811M | $177M | $1.6B | 1.5x | ||
| Publicly listed | $973M | $17M | $1.2B | 0.8x | ||
| Private | $1B | $24M | $2.5B | - | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $17B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $960M | $231M | 1.9x | 1.9x | 7.9x | 9.4x | |||
| $322M | $258M | 6.7x | 5.8x | 8.4x | 7.0x | |||
| $1.3B | $692M | 4.3x | 4.6x | 8.2x | 7.2x | |||
| $1.2B | $145M | 1.5x | 1.5x | 12.2x | 10.9x | |||
| $587M | $295M | 3.9x | 4.2x | 7.7x | 7.6x | |||
| $1.8B | $120M | 0.7x | 0.6x | 11.4x | 15.0x | |||
| $2.1B | $205M | 1.0x | 1.1x | 10.6x | 6.7x | |||
| $811M | $177M | 1.6x | 1.5x | 7.5x | 6.1x | |||
This data is available for Pro users. Sign up to see all PVPower competitors and their valuation data. Start Free Trial | ||||||||
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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