Venture Capital: Jiangsu Guoqiang Singsun Energy Technology Lands $137.4 Million in Series A+ Funding

Jiangsu Guoqiang Singsun Energy Technology is a global supplier of solar panel trackers.

Jiangsu Guoqiang Singsun Energy Technology, a specialized Chinese company focused on advanced tracking technology for intelligent solar plant applications, has raised 1 billion yuan ($137.4 million) in a recent funding round.

This Series A+ funding was led by three prominent investors, including CITIC Securities Investment and Costone Investment, both subsidiaries of China’s renowned investment bank CITIC Securities. Additionally, a fund associated with the state-owned infrastructure entity China Communications Construction Company co-led the investment effort. (

Beyond these key contributors, the funding consortium featured participation from other investors including financial services firm CMB International, domestic venture capital entity Zhongtai Venture Capital, and a green manufacturing fund backed by Chinese state-owned power station operator Dongfang Electric Corporation.

Operating from the coastal province of Jiangsu, China, Guoqiang Singsun specializes in the entire spectrum of solar tracker solutions, encompassing research, development, manufacturing, and sales. Solar trackers play a pivotal role in optimizing the orientation of photovoltaic panels, ensuring they maintain an ideal angle to capture maximum solar energy.

Operating as a subsidiary of Jiangsu Guoqiang Group, this startup boasts an annual capacity of shipping 45 gigawatts (GW) of solar tracker equipment and associated software.

The company’s products have been used by China’s five largest state-owned electricity generation conglomerates, in addition to clients spanning Europe, Latin America, Southeast Asia, and the Middle East.

This recent financial infusion will support the company’s broader operational expansion and fortify its global status as a provider of advanced tracking technology tailored to solar energy applications.

Related Story:  Chinese EV Maker Aion Raises $2.53B Series A

Image by PublicDomainPictures from Pixabay

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…