EcoFlow joined the Unicorn Club on June 10, 2021, after raising a $100 million Series B funding round led by HongShan (formerly Sequoia China), valuing the company at $1 billion. Headquartered in San Jose, United States, EcoFlow develops innovative portable power stations, solar panels, and energy storage systems designed for outdoor activities, emergency backup, and home energy management.
Keep reading to learn how EcoFlow is reshaping clean energy access through its smart, sustainable, and portable power solutions.
What Is EcoFlow and What Does It Do?
Founded in 2017, EcoFlow offers advanced portable power and renewable energy systems that combine high-capacity batteries, solar charging capabilities, and intelligent energy management. Its product lineup includes solar generators, home backup solutions, and accessories built for outdoor use, emergency preparedness, and sustainable living.
EcoFlow’s proprietary technology enables rapid charging, high energy efficiency, and intelligent power distribution across multiple devices. Its products empower users to stay powered anywhere, without reliance on the grid.
How Much Funding Has EcoFlow Raised?
1. Series B Round
- Amount Raised: $100 million
- Date: June 10, 2021
- Valuation: ~$1 billion
- Lead Investor: HongShan (formerly Sequoia China)
- Purpose: Scale production, expand product offerings, and strengthen international presence
2. Earlier Rounds (Seed to Series A)
- Cumulative Funding: ~$4 million
- Key Investors: Rencent Capital, CICC
- Purpose: Product R&D, prototype development, and early market testing
Total Funding Raised: ~$104 million
Latest Funding Date: June 10, 2021
Latest Known Valuation: ~$1 billion
Employee Count: 201–500 (as of July 1, 2024)
Key Investors
1. HongShan (formerly Sequoia China)
- Details: Leading venture capital firm backing innovative technology and energy startups.
- Focus Areas: Renewable energy, hardware innovation, and sustainable technology.
2. Rencent Capital
- Details: Venture capital firm investing in clean energy and consumer hardware sectors.
- Focus Areas: Green infrastructure, efficiency tech, and portable energy solutions.
3. China International Capital Corporation (CICC)
- Details: Prominent investment bank supporting technology-driven and sustainable enterprises.
- Focus Areas: Energy transition, industrial innovation, and smart infrastructure.
Where Is EcoFlow’s Headquarters?
EcoFlow is headquartered in San Jose, California, United States, with major research and development (R&D) and manufacturing operations in Shenzhen, China. The company distributes its products globally through e-commerce channels and retail partnerships across North America, Europe, and Asia.
What’s Next for EcoFlow?
EcoFlow aims to build a fully connected home energy ecosystem that integrates solar panels, batteries, and intelligent management systems. The company plans to launch modular, AI-powered home hubs and expand its portable lineup to meet the growing global demand for sustainable energy solutions.
Its goal remains clear: delivering clean, reliable, and portable power for every situation, from outdoor exploration to full home backup.
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