Demand for solar products and energy storage in the Inxeption Marketplace drove annual run rate revenue in Q4 from $220 million to $300 million
Inxeption, the leader in Industrial Commerce, achieved more than 200 percent growth while surpassing a $300 million revenue run rate in 2022. During the same period, Inxeption handled in excess of $1 billion in gross merchandise value through its marketplace and infrastructure channels.
“The Inxeption marketplace is disrupting the way that industrial commerce transacts globally. We began connecting industrial buyers with a wide array of products on January 1, 2022. A year later, our marketplace transactions account for the majority of our business,” said Inxeption co-founder and CEO Farzad Dibachi.
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In Q4, demand for solar products and energy storage in the Inxeption Marketplace drove annual run rate revenue from $220 million to $300 million, as customer marketplace transactions exceeded 200 percent growth. This market is forecasted to continue rapid growth: The Solar Energy Industries Association expects average annual solar growth of 21 percent for the next four years, and industry analysts predict a 7 percent annual uptick in demand for energy storage systems.
To optimize global manufacturing, Inxeption began an international expansion in 2022 with a launch of dedicated operations in Frankfurt. The company attributed more than 20 percent of total infrastructure revenues during Q4 to international customers.
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“We have seen revenues from our international supply chain business continue to grow exponentially, and continuing that trajectory will be a major focus for us in the coming year,” Dibachi added. “With regard to profitability, we are near breakeven, a stunning feat for a company that just celebrated its fifth anniversary in October.”
Further, Inxeption’s financial services solution proved a significant driver of revenue growth in Q4. With marketplace purchases, Inxeption offers buyers financing at generous payment terms with instant qualification and early-pay discounts. During Q4, more than 50 percent of marketplace transactions included financing.
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