The company achieves $ 200 million annual turnover and strengthens its market share
LOS ANGELES, December 31, 2021 / PRNewswire / – EcoFlow, a portable energy and renewable energy solutions company, today revealed that its annual revenue has reached $ 200 million in 2021, an increase of 275% compared to the previous year. EcoFlow more than tripled sales for the second year in a row, exceeding the global portable power plant market CAGR by 42%.
âThe impressive sales growth can be attributed to several factors,â said Allen Zheng, sales manager at EcoFlow. âOur expansion into more than 100 markets and the full deployment of the RIVER and DELTA product lines are the main reasons for this. The increased demand for electricity caused by the increase in cases of power outages linked to extreme weather conditions has also played a role. “
In addition to the rapid growth in sales, 2021 was a pivotal year for EcoFlow. In June, the company received a Series B investment of more than $ 100 million from Sequoia China funds, Hillhouse and CICC. The funding cycle catapulted the company into the ranks of the top industry leaders and saw the company valued at over $ 1 billion. A month later, EcoFlow launched the DELTA Pro, the industry’s first portable home battery, on Kickstarter. The EcoFlow DELTA Pro broke Kickstarter’s record for the most funded technology project by raising more than $ 12 million and was named one of TIME’s 100 Best Inventions of 2021.
EcoFlow has also taken a more active role in environmental issues and emergency preparedness in 2021. In March, EcoFlow launched a fundraising campaign for long-term reforestation for the Million Forest Plan, an ecological project. jointly launched by the United Nations Environment Program, the Climate Organization, and the China Green Foundation. In September, EcoFlow launched an educational campaign – âPeace of Mindâ, which aimed to educate people about the importance of preparedness for natural disasters through influencers and subject matter experts.
âWe have great confidence in 2022 because what we have accomplished in the past year is a good indicator. EcoFlow will continue to grow in a socially responsible manner while fueling a new world,â Zheng said.
EcoFlow is a portable energy and renewable energy solutions company. Since its founding in 2017, EcoFlow has provided peace of mind to customers in more than 85 markets through its DELTA and RIVER product lines of portable power plants and environmentally friendly accessories. EcoFlow’s mission is to reinvent the way the world accesses energy by innovating clean, silent and renewable energy storage solutions that are lighter and more sustainable.
SOURCE: EcoFlow Inc.
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SOURCE EcoFlow Inc.