Shanghai VG SOLAR has recently completed Pre-A round financing of tens of millions of CNY, which was exclusively invested by the photovoltaic industry’s Sci-Tech Board-listed company, APsystems.
APsystems currently has a market value of nearly 40 billion CNY and is a global MLPE component-level power electronics application solution provider with industry-leading micro-inverter technology and sales network. Its global MLPE electronic products have sold more than 2GW and have been recognized as a “national high-tech enterprise” for several consecutive years.
The investment and industry empowerment from APsystems will bring more opportunities for the further development of VG SOLAR. Both parties will strengthen communication, resource sharing, and achieve resource and information complementarity to form industrial synergy.
With this round of financing, VG SOLAR will further improve its production capacity and increase research and development investment, expand its research and innovation capabilities in photovoltaic tracking support, and deeply cultivate the domestic and international photovoltaic tracking support market, making efforts to contribute to the green development of the photovoltaic industry.
Driven by the "dual carbon" policy and the green and low-carbon development of the construction industry, with the continuous expansion of global photovoltaic power plants, the scale of the photovoltaic support industry is also growing. By 2025, the global photovoltaic support market space is expected to reach 135 billion CNY, of which the photovoltaic tracking support can reach 90 billion CNY. It is worth noting that Chinese support enterprises only had a global market share of 15% in the photovoltaic tracking support market in 2020, and the market potential should not be underestimated. After this round of financing, VG SOLAR will continue to make efforts in the photovoltaic tracking support field, BIPV field and other areas.
VG SOLAR is committed to the production of global sustainable green energy projects and environmentally friendly electricity, adhering to the concept of becoming a global excellent photovoltaic support system solution provider and manufacturer, and will continue to expand its business scope, allowing clean energy to benefit all humanity.
Post time: Apr-17-2023