RayGen
PrivateLast Round
Series D
Apr 9, 2025
Total Funding Raised
$169.88M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
RayGen is a renewable energy company that provides dispatchable solar power and long-duration energy storage solutions through its proprietary PV Ultra solar co-generation and electro-thermal energy storage technologies.
Sector
Energy & Sustainability
Verticals
Renewable Energy, Energy Storage, Smart Grid
Business Model
B2B
Customer Profile
Hardware Sales, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
RayGen Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
RayGen Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series D | Apr 9, 2025 | ||||
| Grant | Aug 31, 2023 | ||||
| Series C | Oct 18, 2021 | ||||
| Series C | Jun 8, 2021 | ||||
| Strategic | Apr 7, 2020 | ||||
VC Round | Oct 6, 2017 |
Key People
Founding team and executive leadership
RayGen Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Oxy Low Carbon Ventures | Series D |
| Australian Renewable Energy Agency | VC Round, Series C, Grant, Series D, Strategic |
| Oxy Technology Ventures | Series D |
| Equinor Ventures | Series C, Series D |
| Chevron Technology Ventures | Series C |
| Breakthrough Victoria | Series D |
Market signals
Structured signals derived from secondary market and firmographic data.
- Mar 31, 2026
Commissioned 1 MW solar and hydro storage plant in Brazil.
- Apr 9, 2025
Raised $76M in Series D funding.
RayGen Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about RayGen's valuation, stock price, and market status.