Erayak Power Solution Group
Wenzhou-based holding company that designs, manufactures, and sells power solution products (inverters, generators, chargers, portable power stations); does not operate in additive manufacturing despite occasional 3D printing use in product development.
- CEO / Founder
- Lingyi Kong
- Team Size
- 201-500
- Stage
- Public
- Total Funding
- $10.0M
- Latest Round
- Post-IPO
Technology & Products
Key Products
Sine wave inverters; Off-grid inverters; Inverter generators; Gasoline generators; Battery chargers; Smart chargers; Portable power stations
Technological Advantage
Erayak is a power-solution manufacturer, not an additive manufacturing operator. No AM-specific technology advantage, patents, or process disclosures were found in the provided sources. Any 3D printing use appears limited to internal prototyping or manufacturing aids, which does not constitute an AM business.
Differentiation
Value Proposition
Provides cost-effective power inverters, generators, and chargers through in-house R&D and low-cost manufacturing in Wenzhou; not an AM product or service offer.
How They Differentiate
Not applicable - the company is not a participant in the additive manufacturing market; it competes on power product price, manufacturing capability, and export distribution.
Market & Competition
Target Customers
Wholesale and retail buyers of power conversion and backup power equipment, including residential, commercial, and export customers.
Industry Verticals
Power; Energy; Backup power
Growth & Milestones
Growth Metrics
Revenue $22.86M (TTM); net loss -$1.39M; market cap $2.42M; profit margin -6.1%
Major Milestones
IPO on Nasdaq (F-1 filed January 2022); Filed Form 20-F with SEC on 2023-05-15; Closed $7M registered direct offering on 2025-07-31; Announced 220-for-1 reverse stock split in September 2025; Established U.S. subsidiary to advance global expansion
Funding rounds
- Post-IPO$7M2025-06Source: Quiver Quantitative
- Post-IPO$3M2025-01Source: Stock Titan
- IPO$12M2022-12Source: GlobeNewswire