Bruce Wang (Lei Wang), Eli Harris, Hannah Sieber, Fan Zheng
Headquarters
Shenzhen, China (Global Operations)
Key people
Bruce Wang (CEO)
Website
www.ecoflow.com
EcoFlow Technology Inc. is a leading technology company that develops and manufactures portable power stations, home energy storage solutions, and renewable energy products. The company is recognized as a global leader in the portable power industry, offering products designed for home backup, outdoor recreation, and off-grid living, with a mission to replace traditional gas generators with eco-friendly alternatives.[1]
EcoFlow was founded in May 2017 by a team of battery engineers who previously worked at the drone manufacturer DJI. The founding team includes Bruce Wang (Lei Wang), Eli Harris, Hannah Sieber, and Fan Zheng. Leveraging their expertise in developing lightweight, powerful, and long-lasting drone batteries, they sought to create advanced, sustainable energy storage products.[2]
Key Milestones
2017: EcoFlow founded by a group of ex-DJI battery engineers, headed by CEO Lei “Bruce” Wang, focusing on mobile energy storage.
2018: EcoFlow Series A funding of US$4.8M; EcoFlow introduces the RIVER power station on IndieGoGo priced at $513, raises $1M.
2019: EcoFlow RIVER 370 wins Red Dot Award and iF Design Award; EcoFlow brings out the DELTA, with X-Stream fast charging and 1260 Wh capacity, prices at $1760, raises $2.8M on Kickstarter in 48 days.
2020: The new EcoFlow RIVER series raises $7M in crowdfunding.
2021: DELTA Pro released Aug 2021 and priced at $3600, became most successful product in Kickstarter history with over $12M in crowdfunding in two months; EcoFlow raised over 1 billion yen (US$9.7M) on Japanese crowdfunding site Makuake; EcoFlow Solar Tracker and EcoFlow Smart Generator introduced; EcoFlow DELTA Pro listed by TIME magazine in “Best Inventions of 2021”, Sustainability category; June: Series B funding of $100M by Sequoia Capital's Chinese arm, Hillhouse Ventures; 2021 annual revenue reached $200M.
2022: EcoFlow annual revenue nears $1B; EcoFlow establishes global presence, with over 1000 employees globally and 5 US offices & warehouses; EcoFlow brings out EcoFlow Power Kits for RVs, home backup, and off-grid homes.
2023: January: at CES in Las Vegas, EcoFlow introduces the EcoFlow Blade, EcoFlow Glacier and EcoFlow Wave 2, respectively a robotic lawnmower, a 12V sealed-compressor fridge/freezer, and a portable air conditioner and heater; May: EcoFlow PowerStream balcony power plant and EcoFlow DELTA 2 Max power station released.[3]
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