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- SFCC
SFCC Valuation, Funding & Investors
SFCC is valued at $1.9B as of December 2022.
Last SFCC valuation
$1.9B
Series B · Dec 2022
Last SFCC funding round
$646M
Series B · Dec 2022
Cumulative funding SFCC raised
$816M
across 3 funding rounds
Key investors in SFCC
Hongtai Capital Holdings
National Green Development Fund
Chengtong Mixed Reform
SPIC
Liaoning Energy Industry
Sichuan Provincial Investment Group
About SFCC
SFCC is a Shenzhen-based high-tech enterprise pioneering hydrogen fuel cell vehicle commercialization. Founded on April 8, 2016, in Guangdong province, the company conducts research, develops power systems, and industrializes core technologies for buses and commercial fleets in China.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$1.9B (Dec 2022)
SFCC Valuation
SFCC is currently valued at $1.9B, based on its Series B in December 2022.
The $646M round included Chengtong Mixed Reform, SPIC, Hongtai Capital Holdings, Sichuan Provincial Investment Group and National Green Development Fund.
SFCC's valuation has moved from $1.9B at its Series A in December 2021 to $1.9B in December 2022, across 2 priced rounds.
SFCC valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2022 | Series B | $1.9B |
| Dec 2021 | Series A | $1.9B |
SFCC Funding History
SFCC has raised a total of $816M across 3 funding rounds.
SFCC's first fundraising round was a $400K angel round in May 2019. The most recent completed round was a $646M Series B in December 2022.
SFCC funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2022 | Series B | Chengtong Mixed Reform; SPIC; Hongtai Capital Holdings; Sichuan Provincial Investment Group; National Green Development Fund | $646M | $1.9B | - |
| Dec 2021 | Series A | - | $170M | $1.9B | Shenzhen-based SFCC is a hydrogen fuel cell vehicle company founded in 2016 and incubated by SPIC (State Power Investment Corp.), one of China's largest energy groups. The company focuses on developing the ecosystem for hydrogen fuel cells, vehicles, and refueling stations. In December 2022, SFCC raised $647.5 million in a Series B funding round that valued the company at $1.9 billion, achieving unicorn status. |
| May 2019 | Angel | Liaoning Energy Industry | $400K | - | - |
Who has invested in SFCC?
6 investors have backed SFCC across its funding rounds, including Hongtai Capital Holdings, National Green Development Fund, Chengtong Mixed Reform, SPIC, Liaoning Energy Industry and Sichuan Provincial Investment Group.
SFCC Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | May 2019 | ||
| 1 | Participant | Dec 2022 | ||
This data is available for Pro users. Sign up to see all 6 SFCC investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialSFCC Competitors
SFCC competitors include listed companies like Sunrun, SMA Solar Technology, SolarEdge and Xinyi Solar, and private ones like Star Charge and Ample.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $3B | $546M | $2.1B | 6.0x | ||
| Publicly listed | $1.7B | ($77M) | $2.2B | 1.1x | ||
| Publicly listed | $1.2B | ($365M) | $2.2B | 1.6x | ||
| Publicly listed | $3.1B | $544M | $2.3B | 1.6x |
SFCC Public Comps
SFCC is still privately-owned, but its public comps include WeRide, Shanghai Electric Wind, Luenmei Quantum Co, Margun Enerji, Fastned, TerraVest Industries, Aksa Enerji, CIMC Enric, Ola Electric and Innovex International.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $102M | ($257M) | 11.4x | 8.3x | (4.5x) | (5.0x) | |||
| $2B | ($72M) | 1.1x | - | (31.7x) | - | |||
| $483M | $220M | 2.8x | 2.8x | 6.1x | 6.3x | |||
| $28M | ($7M) | 70.4x | - | (281.4x) | - | |||
| $160M | $17M | 14.5x | 11.1x | 140.0x | 60.5x | |||
| $982M | $209M | 2.7x | 2.1x | 12.6x | 11.3x | |||
| $871M | $245M | 3.5x | 2.5x | 12.6x | 7.9x | |||
| $3.9B | $271M | 0.4x | 0.4x | 5.9x | 5.3x | |||
This data is available for Pro users. Sign up to see all SFCC competitors and their valuation data. Start Free Trial | ||||||||
Common questions about SFCC
| When was SFCC founded? | SFCC was founded in 2016. |
| Where is SFCC headquartered? | SFCC is headquartered in Shenzhen, China. |
| Is SFCC publicly listed? | No, SFCC is a private, VC-backed company. |
| What is SFCC's valuation? | SFCC was last valued at $1.9B in its Series B in December 2022. |
| How much funding has SFCC raised? | SFCC has raised $816M across 3 funding rounds. |
| What was SFCC's last funding round? | SFCC's last funding round was a $646M Series B in December 2022. |
| Who are SFCC's investors? | SFCC's investors include Chengtong Mixed Reform, SPIC, Liaoning Energy Industry, Hongtai Capital Holdings, Sichuan Provincial Investment Group and National Green Development Fund. |
| Which companies are comparable to SFCC? | Companies comparable to SFCC include Star Charge, Ample, Sunrun, SMA Solar Technology, SolarEdge and Xinyi Solar. |
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