SunSun Lighting Received $30 M for LED Investment

Chinese based LED Company SunSun Lighting has received $30 million in Series B financing from GSR Ventures and Oak Investment Partners and additional commitments from its original angel investors.

Oak, a multi-stage venture capital firm, is leading the round. Allan Kwan, a China-based advisor for Oak, is joining the board of SunSun.

SunSun Lighting eliminates the performance and cost trade-offs of current LED lighting technology by offering a complete LED system, including power electronics, housing, packaging, and optics. The company's patented PowerXplore(TM) technology attains the highest AC/DC conversion rate of 92 percent, compared to the 85 percent conversion rate of the nearest competitor. By innovating at the system level, SunSun achieves both high performance and low lifecycle cost, significantly broadening the potential applications for LED lighting technology.

The company will debut its latest product, the MR16 LED bulb which is universally compatible with AC/DC 12V and all transformers -- solving the compatibility issue of replacing halogen -- on May 9, 2012 at LIGHTFAIR(R) International.

Another SunSun product is the LED A19 bulb which has 800 lumen output consuming only 8 watt with CCT 2700k and 90CRI. SunSun's technology will be on display in the LIGHTFAIR exhibit hall from May 9-11 in Booth 225, and the company's executives will be on-hand to demonstrate the technology with industry professionals.

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