Funding round
United Solar Growth
Reported as "Growth Equity"
United Solar, which works in polysilicon manufacturing in Oman, raised $1.60B in a Growth round announced on 10 Jun 2026. 3 firms took part. It is United Solar's third venture round on record; the one before was a Growth in Jan 2026.
$1.60B
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
United Solar did not disclose a valuation in this round. It came 5 months after United Solar's Growth. It is 63% of the $2.53B United Solar has raised in the venture rounds on record. No later venture round is on record for United Solar.
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- International Finance Corporation backs 92 venture-backed companies new investor
- Oman Investment Authority new investor
- Global Investors new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
8 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $133M, and this round was 12 times the median. The closest in time, other companies' Growth rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 16 Jun 2026 | $116M | not disclosed | not named |
| NEOM Green Hydrogen Company Chemicals | 25 Jul 2026 | $500M | not disclosed | not named |
| EnergyX Chemicals | 6 Jul 2026 | $225M | not disclosed | Eni |
| Solugen Chemicals | 17 Mar 2026 | $50M | not disclosed | Idealist Capital |
| Chemicals | 14 Oct 2026 | $25M | $250M | Hitachi Ventures |
| Chemicals | 5 Jan 2026 | $200M | not disclosed | Transition Equity Partners |
| Ren-Gas Chemicals | 17 Dec 2025 | $19M | not disclosed | not named |
| Chemicals | 15 Sep 2025 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did United Solar raise in its Growth round?
United Solar raised $1.60B in its Growth round, announced in Jun 2026.
Which investors took part in United Solar's Growth round?
International Finance Corporation, Oman Investment Authority and Global Investors.
What was United Solar's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Chemicals?
8 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $133M, and this round was 12 times the median.