What is Amonix?
Amonix specializes in the design and manufacturing of concentrator photovoltaic (CPV) solar power systems. Their technology is distinguished by its ability to operate without water, optimize land usage, and generate higher energy output per acre compared to other solar solutions. With a proven track record of real-world CPV deployments, Amonix has established itself as a premier choice for solar power installations in arid and sunny regions. The company is headquartered in Seal Beach, California, leveraging its expertise to advance solar energy solutions.
How much funding has Amonix raised?
Amonix has raised a total of $170M across 3 funding rounds:
Unspecified
$15.6M
Series A
$25M
Series B
$129.4M
Unspecified (2007): $15.6M with participation from U.S. Department of Energy
Series A (2009): $25M led by Goldman Sachs Group and MissionPoint Capital
Series B (2010): $129.4M supported by Kleiner, Perkins, Caufield & Byers
Key Investors in Amonix
Kleiner Perkins
Kleiner Perkins is a venture capital firm based in Menlo Park, known for investing in early and growth-stage technology and life science companies. They provide capital and operational support to founders across various sectors, including consumer, enterprise, healthcare, and climate/hard tech.
Goldman Sachs Group
Goldman Sachs is a global investment banking and financial services firm offering a wide array of services including mergers and acquisitions advisory, underwriting, and asset management. They play a significant role in global capital markets and provide strategic advisory services.
MissionPoint Capital
MissionPoint Capital Partners is a private investment firm focused on financing the transition to a low-carbon economy. They provide growth capital to companies in the energy, industrial, and financial services sectors that enable cleaner energy and infrastructure.
What's next for Amonix?
The recent major strategic investment signals a pivotal phase for Amonix, likely aimed at scaling manufacturing capabilities, expanding market reach, and further developing its advanced CPV technology. Given the enterprise-level funding context, Amonix is positioned for significant expansion, potentially targeting larger utility-scale projects and international markets. This capital infusion will be crucial for solidifying its leadership in the competitive solar energy landscape and driving the adoption of its efficient, water-saving solar solutions.
See full Amonix company page
