Huasun valuation, funding and investors
Huasun works in heterojunction solar technology manufacturing, based in Xuancheng, China. Founded in 2020, it has about 198 employees.
- Last round
- Series C · $276M · Nov 2023
- Valuation at last round
- $2.50B · implied
- Headcount
- 200 · growing
- Grade
- B
- Founded
- 2020
Huasun valuation today
VCMC values Huasun at $5.1B today, with a range of $2.8B to $7.2B and a grade of B. The valuation starts from its last funding round, a Series C round in Nov 2023.
Valuation by date (85 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2020 | $6.47M | $2.35M – $17.8M | $7.20M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $6.53M | $2.38M – $17.9M | $7.27M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $6.58M | $2.40M – $18.1M | $7.33M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $6.64M | $2.42M – $18.2M | $7.40M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $6.70M | $2.44M – $18.4M | $7.46M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $6.76M | $2.46M – $18.6M | $7.53M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $6.82M | $2.48M – $18.7M | $7.60M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $6.89M | $2.51M – $18.9M | $7.67M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $6.95M | $2.53M – $19.1M | $7.74M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $7.01M | $2.55M – $19.3M | $7.81M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $7.08M | $2.58M – $19.4M | $7.88M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $7.14M | $2.60M – $19.6M | $7.95M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $7.20M | $2.62M – $19.8M | $8.02M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $7.27M | $2.65M – $20.0M | $8.08M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $7.33M | $2.67M – $20.1M | $8.14M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $7.40M | $2.69M – $20.3M | $8.20M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $7.46M | $2.72M – $20.5M | $8.26M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $7.53M | $2.74M – $20.7M | $8.32M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $7.60M | $2.77M – $20.9M | $8.38M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $7.67M | $2.79M – $21.1M | $8.44M (+10%) | before first round | – | unknown | D | 0% |
| 1 Sep 2021 | $7.74M | $2.82M – $21.3M | $8.51M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2021 | $7.81M | $2.84M – $21.4M | $8.57M (+10%) | before first round | – | unknown | D | 0% |
| 1 Nov 2021 | $7.88M | $2.87M – $21.6M | $8.63M (+10%) | before first round | – | unknown | D | 0% |
| 1 Dec 2021 | $7.95M | $2.89M – $21.8M | $8.69M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2022 | $8.02M | $2.92M – $22.0M | $8.76M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $8.08M | $2.94M – $22.2M | $8.83M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2022 | $8.14M | $2.96M – $22.3M | $8.89M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2022 | $8.20M | $2.98M – $22.5M | $8.95M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2022 | $8.26M | $3.01M – $22.7M | $9.02M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2022 | $8.32M | $3.03M – $22.9M | $9.09M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2022 | $8.38M | $3.05M – $23.0M | $9.15M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2022 | $8.44M | $3.07M – $23.2M | $9.22M (+9%) | before first round | – | unknown | D | 0% |
| 1 Sep 2022 | $8.51M | $3.10M – $23.4M | $9.29M (+9%) | before first round | – | unknown | D | 0% |
| 1 Oct 2022 | $8.57M | $3.12M – $23.5M | $9.36M (+9%) | before first round | – | unknown | D | 0% |
| 1 Nov 2022 | $8.63M | $3.14M – $23.7M | $9.43M (+9%) | before first round | – | unknown | D | 0% |
| 1 Dec 2022 | $8.69M | $3.17M – $23.9M | $9.50M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jan 2023 | $8.76M | $3.19M – $24.1M | $9.57M (+9%) | before first round | – | unknown | D | 0% |
| 30 Jan 2023 | $1.8B | $1.2B – $4.2B | $2.7B (+50%) | after a round | 14 | unknown | C | 0% |
| 1 Feb 2023 | $1.8B | $1.2B – $4.2B | $2.7B (+50%) | after a round | 14 | unknown | C | 0% |
| 1 Mar 2023 | $1.9B | $1.2B – $4.2B | $2.7B (+45%) | after a round | 14 | unknown | C | 0% |
| 1 Apr 2023 | $2.0B | $1.2B – $4.2B | $2.7B (+40%) | after a round | 14 | unknown | C | 0% |
| 1 May 2023 | $2.0B | $1.2B – $4.2B | $2.7B (+35%) | after a round | 14 | unknown | C | 0% |
| 1 Jun 2023 | $2.1B | $1.2B – $4.2B | $2.7B (+31%) | after a round | 14 | unknown | C | 0% |
| 1 Jul 2023 | $2.2B | $1.2B – $4.2B | $2.7B (+27%) | after a round | 14 | unknown | C | 0% |
| 1 Aug 2023 | $2.2B | $1.2B – $4.2B | $2.7B (+22%) | after a round | 14 | unknown | C | 0% |
| 1 Sep 2023 | $2.3B | $1.2B – $4.2B | $2.7B (+18%) | after a round | 14 | unknown | C | 0% |
| 1 Oct 2023 | $2.4B | $1.2B – $4.2B | $2.7B (+14%) | after a round | 14 | unknown | C | 0% |
| 1 Nov 2023 | $2.8B | $1.4B – $4.8B | $3.2B (+14%) | after a round | 27 | growing | C | 0% |
| 17 Nov 2023 | $2.5B | $1.8B – $4.6B | $3.3B (+30%) | after a round | 27 | growing | B | 0% |
| 1 Dec 2023 | $2.5B | $1.8B – $4.6B | $3.3B (+29%) | after a round | 27 | growing | B | 0% |
| 1 Jan 2024 | $2.6B | $1.8B – $4.6B | $3.3B (+26%) | after a round | 27 | growing | B | 0% |
| 1 Feb 2024 | $2.6B | $1.8B – $4.6B | $3.3B (+23%) | after a round | 27 | growing | B | 0% |
| 1 Mar 2024 | $2.7B | $1.8B – $4.6B | $3.3B (+20%) | after a round | 27 | growing | B | 0% |
| 1 Apr 2024 | $2.8B | $1.9B – $4.9B | $3.4B (+22%) | after a round | 35 | growing | B | 0% |
| 1 May 2024 | $2.9B | $1.9B – $4.9B | $3.4B (+19%) | after a round | 35 | growing | B | 0% |
| 1 Jun 2024 | $3.0B | $1.9B – $4.9B | $3.4B (+16%) | after a round | 35 | growing | B | 0% |
| 1 Jul 2024 | $3.1B | $1.9B – $4.9B | $3.4B (+13%) | after a round | 35 | growing | B | 0% |
| 1 Aug 2024 | $3.3B | $2.0B – $5.1B | $3.6B (+11%) | after a round | 44 | growing | B | 0% |
| 1 Sep 2024 | $3.4B | $2.0B – $5.1B | $3.6B (+8%) | after a round | 44 | growing | B | 0% |
| 1 Oct 2024 | $3.5B | $2.0B – $5.1B | $3.6B (+5%) | after a round | 44 | growing | B | 0% |
| 1 Nov 2024 | $3.6B | $2.0B – $5.1B | $3.6B (+1%) | after a round | 44 | growing | B | 0% |
| 1 Dec 2024 | $4.1B | $2.3B – $5.9B | $4.1B (0%) | after a round | 81 | growing | B | 0% |
| 1 Jan 2025 | $4.1B | $2.3B – $5.9B | $4.1B (0%) | after a round | 81 | growing | B | 0% |
| 1 Feb 2025 | $4.1B | $2.3B – $5.9B | $4.1B (0%) | after a round | 81 | growing | B | 0% |
| 1 Mar 2025 | $4.1B | $2.3B – $5.9B | $4.1B (0%) | after a round | 81 | growing | B | 0% |
| 1 Apr 2025 | $4.1B | $2.3B – $5.9B | $4.1B (0%) | after a round | 81 | growing | B | 0% |
| 1 May 2025 | $4.1B | $2.3B – $5.9B | $4.1B (0%) | after a round | 81 | growing | B | 0% |
| 1 Jun 2025 | $4.1B | $2.3B – $5.9B | $4.1B (0%) | after a round | 81 | growing | B | 0% |
| 1 Jul 2025 | $4.1B | $2.3B – $5.9B | $4.1B (0%) | after a round | 81 | growing | B | 0% |
| 1 Aug 2025 | $4.1B | $2.4B – $5.9B | $4.1B (0%) | after a round | 81 | growing | B | 0% |
| 1 Sep 2025 | $4.5B | $2.5B – $6.3B | $4.5B (0%) | after a round | 112 | growing | B | 0% |
| 1 Oct 2025 | $4.5B | $2.6B – $6.3B | $4.5B (0%) | after a round | 112 | growing | B | 0% |
| 1 Nov 2025 | $4.6B | $2.6B – $6.5B | $4.6B (0%) | after a round | 126 | growing | B | 0% |
| 1 Dec 2025 | $4.6B | $2.5B – $6.5B | $4.6B (0%) | after a round | 129 | growing | B | 0% |
| 1 Jan 2026 | $4.6B | $2.5B – $6.5B | $4.6B (0%) | after a round | 129 | growing | B | 0% |
| 1 Feb 2026 | $4.6B | $2.5B – $6.5B | $4.6B (0%) | after a round | 129 | growing | B | 0% |
| 1 Mar 2026 | $4.6B | $2.5B – $6.5B | $4.6B (0%) | after a round | 129 | growing | B | 0% |
| 1 Apr 2026 | $4.6B | $2.5B – $6.5B | $4.6B (0%) | after a round | 129 | growing | B | 0% |
| 1 May 2026 | $4.6B | $2.5B – $6.5B | $4.6B (0%) | after a round | 129 | growing | B | 0% |
| 1 Jun 2026 | $4.8B | $2.6B – $6.8B | $4.8B (0%) | after a round | 152 | growing | B | 0% |
| 1 Jul 2026 | $4.8B | $2.6B – $6.8B | $4.8B (0%) | after a round | 152 | growing | B | 0% |
| 1 Aug 2026 | $5.0B | $2.8B – $7.1B | $5.0B (0%) | after a round | 193 | growing | B | 0% |
| 1 Sep 2026 | $5.0B | $2.8B – $7.1B | $5.0B (0%) | after a round | 193 | growing | B | 0% |
| 1 Oct 2026 | $5.1B | $2.8B – $7.2B | $5.1B (0%) | after a round | 200 | growing | B | 0% |
| 24 Oct 2026 | $5.1B | $2.8B – $7.2B | $3.8B (-25%) | after a round | 200 | growing | B | 0% |
Key facts about Huasun
- Founded
- 2020
- Headquarters
- Xuancheng, China
- Employees
- about 198 +59% in a year
- Total raised
- $571M
- Funding rounds
- 2
- Last round
- Series C Nov 2023
Huasun funding history
Huasun has 2 funding rounds on record, from Jan 2023 to Nov 2023, $571M in total. None disclosed a valuation.
Series C 16 Nov 2023
Led by China Green Development Investment Group; with Bank of China Asset Management Co., Ltd., China Post Insurance Company Limited, Originvest, China Xinxing Asset Management Co., Ltd..
Sources: es.enfsolar.com, huasunsolar.com, failory.com
$276M
Series B 29 Jan 2023
Led by CNBM (Anhui) New Materials Fund; with Wuxi Originvest Fund, Chuanghe Xincai Manufacturing Transformation and Upgrading Fund (SDIC-Xiamen Tungsten Industry Fund), GLP Hidden Hill Capital, Dayone Capital, Hefei Industry Investment Group, Guoyao Capital, Nuoyan Capital, Puhua Capital, Jiuwan Capital, Jintou Zhiyuan.
Sources: huasunsolar.com, equalocean.com
$295M
Huasun investors
16 investors have backed Huasun; China Green Development Investment Group and CNBM (Anhui) New Materials Fund led at least one round.
- China Green Development Investment Group lead
- CNBM (Anhui) New Materials Fund lead
- Bank of China Asset Management Co., Ltd.
- China Post Insurance Company Limited
- China Xinxing Asset Management Co., Ltd.
- Chuanghe Xincai Manufacturing Transformation and Upgrading Fund (SDIC-Xiamen Tungsten Industry Fund)
- Dayone Capital
- GLP Hidden Hill Capital
- Guoyao Capital
- Hefei Industry Investment Group
- Jintou Zhiyuan
- Jiuwan Capital
- Nuoyan Capital
- Originvest
- Wuxi Originvest Fund
What Huasun does
Huasun works in solar energy company, with 16 recorded offerings and customers in renewable energy, utilities, offshore and commercial and industrial.
Anhui Huasun Energy Co., Ltd. is a Chinese manufacturing company engaged in heterojunction (HJT) solar technology. The company produces HJT cells, modules, and related solar products for utility, offshore, commercial and industrial, residential, and vertical installation sectors. Huasun operates production facilities in China and maintains a global distribution network serving clients in over 80 countries. The company is committed to sustainability and clean energy solutions.
Description from Veridion's company data.
Products and services
- Heterojunction Solar Technology Manufacturing
- HJT Solar Cell Manufacturing
- HJT Solar Module Manufacturing
- High-Efficiency Solar Module Manufacturing
- Utility Solar Module Manufacturing
- Offshore Solar Module Manufacturing
- Commercial and Industrial Solar Module Manufacturing
- Residential Solar Module Manufacturing
- Vertical Solar Module Manufacturing
- Clean Energy Solutions
- Solar Technology Research and Development
- Solar Module Global Distribution
- Solar Module Exporting
- Sustainable Solar Product Development
- Solar Module Power Optimization Services
- Solar Module Efficiency Enhancement Services
Markets
- Renewable Energy
- Utilities
- Offshore
- Commercial and Industrial
- Residential
- Vertical Installation
Technology
- Heterojunction Solar Technology
Supply chain
- Global Sourcing
- Sustainable Sourcing
- Green Logistics
- Regional Distribution Centers
Business model
- Business-to-Business
- Business-to-Consumer
- Manufacturing
- Wholesale
Industry codes (NAICS)
- 334413 Semiconductor and Related Device Manufacturing 75% match
- 423690 Other Electronic Parts and Equipment Merchant Wholesalers 25% match
Questions about Huasun
What is Huasun worth?
Valuation $5.1B (range $2.8B to $7.2B), as of 24 Oct 2026.
Has Huasun raised money?
Huasun has 2 funding rounds on record, from Jan 2023 to Nov 2023, $571M in total. None disclosed a valuation.
Who has invested in Huasun?
China Green Development Investment Group, CNBM (Anhui) New Materials Fund, Bank of China Asset Management Co., Ltd., China Post Insurance Company Limited, China Xinxing Asset Management Co., Ltd. and Chuanghe Xincai Manufacturing Transformation and Upgrading Fund (SDIC-Xiamen Tungsten Industry Fund), and 10 more. Lead investors include China Green Development Investment Group and CNBM (Anhui) New Materials Fund.
How many people work at Huasun?
About 198, up 59% over the last year. Headcount grew from 14 in Jan 2023 to 200 in Sep 2026.
What does Huasun do?
Huasun works in solar energy company, with 16 recorded offerings and customers in renewable energy, utilities, offshore and commercial and industrial. Its main offerings are heterojunction solar technology manufacturing, HJT solar cell manufacturing and HJT solar module manufacturing.
When was Huasun founded, and where is it based?
Huasun was founded in 2020 and is based in Xuancheng, China. It has about 198 employees, up 59% over the last year.