RayGen: Funding, Investors & Team (Sep 2026)
RayGen is an Australian technology company specializing in advanced solar power and energy storage solutions. Their Solar Power Plant offers affordable renewable energy on demand, with the ability to store energy for extended periods. The system can be placed in various locations based on grid requirements and utilizes RayGen's innovative PV Ultra and Thermal Hydro technologies. With a team of skilled employees, RayGen has successfully completed projects and received support from government agencies. Visit RayGen's website for more information.
RayGen has raised $112M across 2 funding rounds on record, the most recent a Series D of $79.0M announced in Apr 2025.
That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
RayGen Company Profile and Key Stats
Latest funding round on record: Apr 2025.
RayGen Funding Rounds
RayGen raised $32.9M in a Series D announced in Apr 2024.
1 years later, a Series D of $79.0M was announced in Apr 2025.
RayGen Founders and Leadership Team
Contact details for the RayGen team: 2 of 2 have an email address on file.
Start 14-day free trial →RayGen Funding Compared to Other Energy Startups
RayGen's latest round of $79.0M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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RayGen Funding FAQs
What does RayGen do?
RayGen is an Australian technology company specializing in advanced solar power and energy storage solutions. Their Solar Power Plant offers affordable renewable energy on demand, with the ability to store energy for extended periods. The system can be placed in various locations based on grid requirements and utilizes RayGen's innovative PV Ultra and Thermal Hydro technologies. With a team of skilled employees, RayGen has successfully completed projects and received support from government agencies. Visit RayGen's website for more information.
How much funding has RayGen raised?
RayGen has raised $112M across 2 rounds on record. The most recent is a Series D of $79.0M announced in Apr 2025.
When did RayGen last raise funding?
RayGen's most recent funding round on record is a Series D of $79.0M, announced in Apr 2025.
Who founded RayGen?
FundedIQ lists Bob Cart (Founder), John Lasich (Founder) at RayGen.
Where is RayGen headquartered?
RayGen is based in Nunawading, Victoria, Australia.
How many employees does RayGen have?
RayGen is in the 51-100 employee band.
How does RayGen's funding compare to other Energy startups?
RayGen's latest round of $79.0M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's RayGen Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for RayGen is left off this page rather than filled in.
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