Haier Energy, which is majority-owned by Chinese multinational home appliance giant Haier Group, has raised over 1 billion yuan ($143.7 million) in a Series B round as it is moving towards a domestic listing.
Haier Energy, whose three main new energy businesses cover photovoltaics (PV), energy storage, and energy control solutions, secured the new financing from investors like the Agricultural Bank of China’s investment subsidiary, China Merchants Bank, Luxin Venture Capital Group, and an investment management platform under China’s Shandong Energy Group.
The Series B round comes after Haier Energy pocketed over 700 million yuan ($100.6 million) in its Series A round in late October. Its Series A investors include SDIC Chuangyi, a subsidiary of the Chinese government-owned State Development & Investment Corp (SDIC), Kunlun Capital, Chinese electric vehicle (EV) brand Xpeng-backed Rockets Capital, and the state-owned automaker SAIC Motor’s corporate venture capital (CVC) firm, Hengxu Capital.
Its two funding rounds in less than three months saw Haier Energy rake in massive capital in private markets ahead of its planned initial public offering (IPO) in mainland China.
The company hired China’s Guotai Haitong Securities in late December for its pre-listing tutorial.
Founded in 2022, Haier Energy is committed to becoming a provider of distributed smart energy solutions for homes and businesses globally. It offers a variety of new energy products, including hybrid inverters, PV inverters, energy storage systems, solar panels, and EV chargers, alongside compatible artificial intelligence (AI)-based digital solutions that allow users to monitor, control, and optimise their energy consumption via a mobile app.
It currently has 133 plants globally to enable local production in 15 countries, with its products being delivered to both residential and commercial users, according to the company website.
Haier Energy also stated its interest in Southeast Asia, where it plans to build an integrated resource and service network to deliver end-to-end energy solutions for residential and commercial users in the region.
“With our cutting-edge digital intelligence solutions and the ecosystem philosophy of openness, collaboration, and mutual benefit, we will work hand in hand with partners across Southeast Asia to advance the region’s energy transition and sustainable development,” said Ji Xiaojian, vice president of Haier Energy, at a July 2025 company conference in Bangkok.
