Recently, Suzhou Tengsheng Technology Co., Ltd. (Hereinafter referred to as "Tengsheng") completed the B-round strategic financing of over 100 million yuan. This financing is the second round of financing completed by Tengsheng after the investment of Pross Yinshan Capital in February this year, which is invested by IDG Capital.
According to Tengsheng, this round of financing funds is mainly used to systematically build automated production lines, expand production capacity on a large scale, accelerate the technology iteration of core products represented by micro-inverters, build supply chains and expand business channels at home and abroad. Further consolidate and expand Tengsheng's influence in the photovoltaic industry . According to
the data, Tengsheng, founded in 2019, focuses on the photovoltaic track, focuses on the innovative research and development of micro-inverters and energy storage products, and takes "More Safety, More Power" as its value proposition, aiming to build a diversified integrated platform for energy storage and intelligent energy. To provide safe and efficient photovoltaic solutions for creating a low-carbon and environmentally friendly lifestyle.
At present, Tengsheng's listed micro-inverters include Gen3, Gen3 Plus and TITAN series, covering 300W-3000W power range, with leading technologies such as micro-inverse topology technology, soft switching technology, active parallel technology of power modules, etc. It is advanced in the industry in terms of power density, power range and conversion efficiency.
In 2020, Tengsheng put forward the concept of the world's first high-power single-phase micro-inverter, which was successfully mass-produced in early 2023. High-power single-phase micro-inverter products not only have the competitive cost advantages of string inverters, but also have the advantages of natural low voltage, high efficiency and component-level monitoring, while solving the three major pain points of photovoltaic industry safety, power generation efficiency and operation and maintenance. Up to now
, TITAN series micro-inverters
have signed cooperation agreements with many listed companies in the industry in terms of technology development, product development and project cooperation, and have established long-term good supply cooperation and channel sharing with leading component manufacturers.
At the same time, distribution channels have been established in Europe, South America, Asia-Pacific and other fast-growing emerging markets, and branches and offices have been set up in many places. By combining omni-channel distribution with local teams, a perfect market operation system, sales service network and after-sales service system have been established to better meet customer needs.
This round of strategic financing will provide strong support for Tengsheng in technology research and development, product iteration, supply chain construction, channel expansion and other dimensions, enabling Tengsheng to develop better.
With the strong support of Suzhou high-speed rail New Town, Tengsheng will start its own base construction project at the end of this year, and is expected to put into use 50000 square meters of new plant in 2025. It plans to open a number of automated production lines and automated assembly lines, which will increase production capacity by 500%.
In terms of product research and development, Tengsheng plans to complete the upgrade iteration of high-power micro-inverters in 2024 to enhance the application of high-power micro-inverters in the industrial and commercial side.
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