Companies · Manufacturing

Heron Power Electronics Co

SCOTTS VALLEY · Manufacturing

Diligence memoA one-page analyst read on Heron Power Electronics Co — recommendation, valuation, rhythm, risks.
$181.5M
Total raised · real
2
Rounds
3.2×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Feb 06 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Heron Power Electronics Co has raised $182M over 2 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the manufacturing sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Active
  • Last raise 5 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Manufacturing

Heron Power Electronics Co is one of 3256 Manufacturing companies tracked from SCOTTS VALLEY. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
11
Investors (latest)
2024
Year incorporated
2026-02-06
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries C · 2025-05-13 Raised $43M (real) Modeled valuation $265M (est)$43M$265MSeries C2025Series D+ · 2026-02-06 Raised $138M (real) Modeled valuation $1.0B (est)$138M$1.0BSeries D+2026+$138MCumulative $182M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series C$43.2M · 2025
Series D+$138.3M · 2026

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$1.0B
Base estimate est.
$799.4M
Conservative case
$1.2B
Upside case
$1.2B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the manufacturing sector profile. Directional, not a quoted figure.

Series C · modeled $264.7M · 2025-05-132025Series D+ · modeled $1.0B · 2026-02-062026
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
87%
Survival probability
69% low · 96% high
1.08×/yr
Annual markup
1.21×/yr upside case
0.4 yr
Elapsed time used
0.4 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$246.5M/yr
Capital velocity
1.1 yr
On record since
2025
First round
2
Rounds on file
How it compares to the market

Benchmarked against 3256 companies in Manufacturing. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 90× above median
This company$181.5M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.3× above median
This company$138.3M
Sector median$108.6M
Modeled value — vs sector median (estimate, all stages) 86× above median
This company$1.0B
Sector median$12.0M

Raised more than 98% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)AeroVironment Inc · Series D+ Raised $316.4M · modeled $1.2B (est)Terra CO2 Technology Holdings, Inc. · Series D+ Raised $170.1M · modeled $979.0M (est)Heron Power Electronics Co (this company) Raised $181.5M · modeled $1.0B (est)Heron Power Electronics Co
CompanyStageRaised · realValue · estvs peer med.
AeroVironment IncSeries D+$316.4M$1.2B1.13×
Heron Power Electronics Co this companySeries D+$181.5M$1.0B1.00×
Terra CO2 Technology Holdings, Inc.Series D+$170.1M$979.0M0.95×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series C$43.2M2025-05-13$288.3M$264.7M90%
Series D+$138.3M2026-02-06$1.2B$1.0B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series C$43.2M2025-05-13
    • First recorded raise — entered as Series C.
    • 14 investors on this round.
  2. Series D+$138.3M2026-02-06
    • Raised 9 mo later, in step with the ~12 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 11 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~9mo cadence
$414.9M
Modeled next size est.range $269.7M$663.8M
3.2×
Last step-up
$246.5M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Dipender Saluja15 other2025-05
DAVID DANIELSON5 other2026-02
ANDREW BAGLINO2025-05
Registry & provenance

Heron Power Electronics Co is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
2069722
SEC CIK
2024
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Electrasteel, Inc.OtherSeries D+$208.7M$1.6Bnetwork2 shared operators · same stage
Mullen Automotive Inc.ManufacturingSeries D+$181.7M$1.3Bsame sector · same stage
Garrett Motion Inc.ManufacturingSeries D+$179.3M$1.9Bsame sector · same stage
Cbac Holdings LlcManufacturingSeries D+$178.1M$1.2Bsame sector · same stage
Electric Hydrogen Co.Energy / ClimateSeries D+$544.6M$3.8Bnetwork2 shared operators · same stage
Groen Brothers Aviation Global, Inc.ManufacturingSeries D+$186.4M$1.3Bsame sector · same stage
Advanced Lighting Technologies, LLCManufacturingSeries D+$192.7M$148.5Msame sector · same stage
Terra CO2 Technology Holdings, Inc.ManufacturingSeries D+$170.1M$979.0Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Aviemore Technologies, Inc.ManufacturingPre-Seed$6.8M82%
Thunder Power Holdings, Inc.ManufacturingSeed$5.3M80%
Revolution Power, Inc.ManufacturingSeed$8.9M78%
Power Solutions Holdings, LLCManufacturingSeries A$17.1M78%
Lightning Motors CorpManufacturingSeed$12.3M78%
Branch Technology, Inc.ManufacturingSeries A$58.6M77%
Celtic Renewables LtdManufacturingSeries A$4.5M77%
ERP Power Holdings, LLCManufacturingSeries A$54.9M77%
Frequently asked
How much funding has Heron Power Electronics Co raised?
Heron Power Electronics Co has raised approximately $181.5M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Heron Power Electronics Co's estimated valuation?
Provath's modeled valuation for Heron Power Electronics Co is approximately $1.0B (modeled range $799.4M–$1.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Heron Power Electronics Co at?
Heron Power Electronics Co's latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Feb 06.
What does Heron Power Electronics Co do and where is it based?
Heron Power Electronics Co operates in the Manufacturing sector, based in SCOTTS VALLEY.
Explore related

See where Heron Power Electronics Co sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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