As one of the leading players in the photovoltaic (PV) industry, TSUN has just secured over RMB 150 million in Series B funding, marking its second successful funding round for 2023.. This funding will be led by IDG Capital, and will follow an investment from Hidden Hill Capital in February. It will be used to strengthen TSUN's capabilities in automated production lines, production capacity, and technological advancements in its core products through strategic investments.. It is also anticipated that the funds will support the development of the supply chain and the expansion of domestic and international business channels, further enhancing TSUN's influence in the PV industry
It is also anticipated that the funds will support the development of the supply chain and the expansion of domestic and international business channels, further enhancing TSUN's influence in the PV industry
This company was founded in 2019 and is dedicated to developing innovative microinverters and energy storage products. In order to contribute to a low-carbon, eco-friendly lifestyle, the company strives to deliver safe and efficient PV solutions that will contribute to the mission of "More Safety, More Power."
The TITAN series was launched by TSUN in 2020, which is touted to be the world's first high-power single-phase microinverter in response to industry challenges. As a result of this groundbreaking innovation, key industry pain points are addressed, including low voltage, high efficiency, and module-level monitoring. In addition, it enhances safety and power generation efficiency in the PV sector as well as operation and maintenance.
The TITAN, Gen3, and Gen3 Plus series are all part of TSU's microinverter product line, with power ranges ranging from 300W to 3000W. Additionally, this company has been credited with pioneering the use of microinverters for "household" applications, including the Easy Solar Kit, which is a plug-and-play balcony solar system with a wide range of installation options, including flat ground, railings, or wall mounting.
Since TSUN has established collaborations with tier-one companies, it has been able to facilitate channel sharing and expand its distribution channels in rapidly growing markets such as Europe, South America, and Asia Pacific. Moreover, the company's subsidiaries and offices worldwide contribute to a comprehensive market operations system, a sales service network, and an after-sales service system that ensures that the needs of customers are met.
This year, TSUN will begin the construction of its own facility in Suzhou High-Speed Rail New City, which will be supported by Suzhou High-Speed Rail New City. In addition to automated production lines, the 50,000 square meters facility, which is expected to be operational by 2025, will result in a 500% increase in production capacity. To enhance the application of high-power microinverters in industrial and commercial areas, TSUN plans to iterate its product development by 2024.

Source prnewswire