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Chint Anneng

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Provider of renewable energy equipment and solution services

Hangzhou, ChinaFounded 2015Energy
Valuation $1–2.5B Last recorded · 2023
Headcount <100 Current team size
Total funding $1–2.5B Disclosed equity funding
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About Chint Anneng

Chint Anneng Digital Power (Zhejiang) Co., Ltd. operates as a consumer-facing, integrated energy services company within the broader Chint Group. Founded in 2015, the firm was established to capitalize on China's growing rural solar market, aligning with national strategies like "2060 Carbon Neutrality" and "Rural Revitalization". The company focuses on providing rural users with comprehensive solutions for rooftop photovoltaic (PV) systems. This encompasses cooperative development, sales, surveying, design, installation, and after-sales operation and maintenance.

Chint Anneng functions as a key component of its parent, Chint Group, which was founded in 1984 by Nan Cunhui. Nan Cunhui's journey began with a small, 50,000 yuan investment from shoe-repair work, initially establishing the Yueqing Switch Factory. This evolved into the Chint Group, a major player in electrical equipment and, since 2006, the photovoltaic sector. Chint Anneng itself was incorporated in 2015 to specifically explore the residential PV market. The company has demonstrated significant growth, with its PV sector's annual growth rate exceeding 100% in the three years leading up to 2023, making it the largest growth engine for the group. By the end of 2023, Chint Anneng had served over 1.3 million users.

The company's primary business model revolves around providing full-service rooftop solar solutions, particularly in underserved rural markets. It offers various application scenarios and business models, including a "Golden Lease" option where a partner company invests in the power station, and Chint Anneng manages development and maintenance. Under this model, homeowners provide their roofs for an 18-year lease, receiving a share of the guaranteed power generation income with zero capital investment. Revenue is generated through these comprehensive service packages, project development, construction, and operation. Beyond residential solar, the company's business areas include smart operation and maintenance services and intelligent microgrid services. Chint Anneng also operates an e-commerce platform, Anneng Mall, which leverages its rural sales channels to sell consumer goods and create continuous user engagement.

Chint Anneng provides turnkey EPC (Engineering, Procurement, and Construction) services for PV projects, handling everything from design and civil works to final commissioning. The firm has delivered projects globally in over 40 countries, including large-scale solar farms and integrated solutions like Agrivoltaics (PV+Agriculture), PV+Forestry, and PV+Aquaculture. For residential clients, the service includes customized system design to maximize energy generation, whether through standard rooftop installations or integrated solutions like solar sunrooms. The company utilizes advanced, high-efficiency solar modules, including N-type TOPCon modules from its parent group, in its installations. A key feature is its after-sales service, which includes system monitoring and maintenance checks to ensure long-term performance.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Hangzhou, China
Employees
15
Open positions
None listed
Dealroom signal
51.5/100
Industry
Energy
Sub-industry
Clean Energy
Sector
Energy, Film Production, Natural Resources, Solar Energy, Modular, Sustainable Development Goals, Became $1B as Subsidiary, Climate Tech, Renewable Energy, Hard Tech
Business model
Manufacturing
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Jul 2023 $275M $1.1B Walden International · CICC · BOCOM International · Yuexiu Industrial Fund ↗
SERIES BOther financing Jan 2023 $206M $825M CICC · Yun Hao Capital ↗
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Growth signals

Chint Anneng website traffic

Latest recorded traffic for Chint Anneng is 2.5K monthly website visits, up 13.6% over the last three months. Chint Anneng's team grew 7.1% over the past year.

Latest monthly visits2.5K 3-month web change+13.6% 1-year team growth+7.1%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

Series B and later5 investors entered at this stage

  • CHINT
  • Walden International
  • BOCOM International
  • Yuexiu Industrial Fund
  • China Life Private Equity Investment
Employees 15 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China · Hangzhou HQ
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Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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