Startup · $171m raised · Manufacturing
Maker of lightweight flexible eArc solar panels, building the Hunter Valley Solar Foundry
Every investor coverage indicates participated in a round Sunman Group raised.
| Investor | Rounds | Invested |
|---|---|---|
| ARENA | Grant | $151,000,000 |
| Australian Renewable Energy Agency (ARENA) | Grant | $151,000,000 |
| Government of New South Wales | Grant | $20,000,000 |
| New South Wales state government | Grant | $20,000,000 |
| the federal government | Grant | $151,000,000 |
| the New South Wales government | Grant | $20,000,000 |
Companies Sunman Group acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Sunman Group. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sunman Group wins $171 million in federal and NSW funding for a Hunter Valley solar panel factory; earlier grants to Tindo Solar, Stellar PV, Solquartz and SunDrive are also recalled.
ARENA announces a conditional grant of as much as $151m for Sunman Group to build a large solar module factory in NSW, under the federal government's Solar Sunshot program.
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Solar pioneer Zhengrong Shi intends a Newcastle factory for frameless lightweight panels via Sunman's Energus subsidiary, eyeing federal programs; CEFC, Southern Cross Venture Partners and Softbank China are recalled as backers.