Sunpure, an intelligent photovoltaic robotic solutions firm, has successfully secured Series A funding
Sunpure Technology Co., Ltd. (Sunpure) is pleased to announce the successful completion of its Series A financing round on January 24th. The round, which exceeded a hundred million yuan, was led by Hengxu Capital, with participation from Yuantai Investment Partners Fund, Guoyuan Fund, and existing shareholder GL Ventures.
Sunpure, a China-based high-tech innovative company, specializes in the research and development, manufacturing, sales, and service of intelligent photovoltaic (PV) robots. The company is dedicated to addressing installation, cleaning, and operation and maintenance challenges in renewable energy power plants through intelligent robotic solutions.
Since 2020, Sunpure has rapidly emerged as the fastest-growing company in the field. By the end of 2023, Sunpure had secured contracts for over 13 GW capacity. Sunpure's PV cleaning robot has been successfully deployed in 14 countries and regions, including the Middle East, Latin America, China, and India. The company's achievements were acknowledged in the Middle East, where it received the "Regional Robotic Solar Cleaning Solution" award from the Middle East Solar Industry Association (MESIA). Notably, Sunpure achieved over 1 GW in signed contracts during its inaugural year in the Indian market.
Sunpure has established a robust technological foundation, investing over 25% annually in research and development. The company has assembled a team of experienced experts in robotics and renewable energy, holding over 160 patents and securing a leading position in the industry. Additionally, Sunpure operates the industry's only TUV qualified client testing facility, ensuring international-standard testing levels and reliable product performance. With these advantages, Sunpure has received over 30 awards worldwide.
Presently, Sunpure's solution encompasses various scenarios, including mountains, deserts, fisheries, and commercial and industrial rooftops. The company is actively exploring robotic applications in different stages of PV plant development, with the aim of comprehensively enhancing power generation efficiency, increasing the overall internal rate of return (IRR), lowering the levelized cost of electricity (LCOE), and delivering higher value to global customers.
The funds raised in this round will primarily be directed towards the research and development of intelligent robots for PV plants, as well as the optimization and upgrading of comprehensive cleaning solutions across various scenarios.