These companies are highly involved in the process of monitoring and improving solar and renewable energy to promote sustainability. After securing funding within the past two years, these companies have continued to grow and will soon be actionable opportunities for further investment.
NanoGrid works with a global platform by monitoring and analyzing real-time data to improve energy management. By improving remote control technology, consumers are better able to contribute to the international directives for sustainability. The management of this energy encompasses installation, monitoring, engineering, and software development. After this small amount of seed funding was received almost a year ago, NanoGrid has continued to grow as they now manage more than 27,304 devices.
Total Funding: $150,000
Last Funding Date: July 22, 2019
Last Funding Amount: $150,000 (seed)
Last Funding Investors: 500 Startups
Austin Harris and Christopher Hornor are the leaders of Power Hive, a company founded in 2011 and dedicated to producing productive, affordable, and reliable grid electricity. They have developed a digital platform to coordinate the financing, monetization, and management of the utilities. Although this company has significant funding, their last round was in July of 2019, and they should also be looking for more investors to continue this growth.
Total Funding: $41.3 million
Last Funding Date: July 9, 2019
Last Funding Amount: $9.3 million (series B)
Last Funding Investors: Toyota Tsusho
Rated Power works to improve and renew the renewable industry through streamlining the process from the development to the engineering of PV solar plants. They have developed technology to combine all of these phases into an energy production model that produces hundreds of engineering documents in seconds. As the leading software for designing PV plants of over 1000+ GW in hundreds of countries, this company is only going to continue to develop.
Total Funding: $76,000
Last Funding Date: June 18, 2019
Last Funding Amount: $50,000 (E grant)
Last Funding Investors: Horizon 2020
Nikkhil Vadhavkar and Eddie Obropta co-founded Raptor Maps to improve solar performance and standardize assets across PV portfolios. Through developing AI software they are able to analyze data across six continents. This analysis allows various industry leaders to take a look at their drone hardware and aerial inspections in regards to their PV assets. Improving the efficiency of this part of the solar monitoring process is crucial to reducing costs.
Total Funding: $1.8 million
Last Funding Date: June 7, 2019
Last Funding Amount: $1.7 million
Last Funding Investors: Blue Bear Capital
BluWave-ai focuses on improving renewable energy dependability through AI technology and data analytics by balancing the costs, availability, and reliability of various energy sources. Instead of using fossil fuels as a fallback, BlueWave-ai aims to make solar and wind power dependable by managing the demand for power. This is the future of solar and the renewables industry, so it is to be expected that this company is a highly profitable opportunity for investors.
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Total Funding: CA $5.2 million
Last Funding Date: April 1, 2019
Last Funding Amount: CA $3.9 million (seed)
Last Funding Investors: Undisclosed
Aurora solar is working out of San Francisco to develop a simplified way to install solar instead of the typical process that can take months. By optimizing this process they believe it will cut down on extra expenses and therefore encourage more people to participate in renewable energy. Their average design time is now five minutes, and they have reduced site visits by 90% while doubling the installations. This technology has greatly improved various solar companies and their sales, so this could be an actionable opportunity for investors.
Total Funding: $20 million
Last Funding Date: February 4, 2019
Last Funding Amount: $20 million (series A)
Last Funding Investors: Energize Ventures, Fifth Wall, S28 Capital
Skilancer Solar is one of India’s fastest growing module cleaning system providers through real-time statistics and analysis. The cleaning helps improve the efficiency of the solar panels, and the technology used to monitor this is extremely simple to avoid expenses or damage to the system. This is a promising opportunity for solar companies to improve their efficiency, and since they last received funding in September of 2018, they should be looking for more funding soon.
Total Funding: $654,200
Last Funding Date: September 10, 2018
Last Funding Amount: ₹2,500,000 (seed)
Last Funding Investors: Dhianu Das
Claudia Eyzaguirre and Daniel Sherwood co-founded PV Complete to combine efficiency and accuracy in solar power projects. They have developed a better way to design the solar, starting with a PV Sketch, which can export to PVCAD for project engineering. This helps to streamline the process of permits and plans to make the companies operate efficiently. This redesigned process is necessary for companies to keep up with the changing industry, and could be a great opportunity.
Total Funding: $2.4 million
Last Funding Date: December 27, 2018
Last Funding Amount: $1.4 million (E seed)
Last Funding Investors: EDP ventures
Based out of various locations, Greenbyte AB offers leaders of the solar and renewables industry a way to analyze and make decisions to increase productivity. They use code to analyze and track key metrics to see where money can be saved and performance can be improved. By centralizing data under one server, Greenbyte makes it possible to take a holistic approach to streamline the solar process and boost efficiency.
Total Funding: $5 million
Last Funding Date: March 28, 2018
Last Funding Amount: $5 million
Last Funding Investors: Korys
J.W. Postal and Evan Hung founded Nikola Power as a software-based company working to reduce risk in solar and solar storage projects. By simplifying this process and working towards renewable goals they hope to give customers an easy experience when working with “solar+storage” projects. As this storage technology has vastly improved since 2017, it is evident that this is an actionable investment to become involved with, as many companies take on the task of solar storage.
Total Funding: $1.5 million
Last Funding Date: September 1, 2017
Last Funding Amount: $1.5 million (seed)
Last Funding Investors: Undisclosed
