Founder, Sunman Group · angel in 1 deal
Every published round Dr Zhengrong Shi took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| SunMan | Series B | 11 Nov 2020 | $12m | Participant | @AuManufacturing, RenewEconomy |
Companies Dr Zhengrong Shi has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| SunMan | 11 Nov 2020, Series B | 1 | 0 |
Fund closes reported for Dr Zhengrong Shi, as distinct from the investments it has made.
Companies Dr Zhengrong Shi has backed that another company then bought. An exit for the holding, not a deal Dr Zhengrong Shi did.
Stories naming Dr Zhengrong Shi. 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.
Also RenewEconomy·RenewEconomy
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.
Energus fitted the Maritime Museum's heritage building with a large lightweight solar array using eArche panels, a technology Sunman developed with backing from the ARENA-supported Southern Cross renewable energy fund.
Sunman Energy, founded by Zhengrong Shi, has opened a 1GW gigafactory in China for its lightweight flexible solar panels; the article recalls a 2020 US$12 million round backed by CEFC and Southern Cross Ventures.
Profile of SunDrive, the Sydney solar startup whose copper-based cells set a world efficiency record, covering its founders, backers including Grok Ventures, Blackbird and ARENA, and plans for rooftop then large-scale markets.
Australia's green bank put $US7 million into Dr Zhengrong Shi's Sunman, the largest share of a $US12 million round for its lightweight flexible solar panels, alongside Southern Cross Ventures and Shi's own money.
Also @AuManufacturing