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

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