How Much Did ERTHOS Raise?
Funding & Key Investors

ERTHOS has solidified its position in the renewable energy sector, securing a total of $48.9M in capital to accelerate the deployment of its proprietary Earth Mount Solar PV technology. This latest infusion of $24M represents a major strategic investment, signaling strong market confidence in the company's ability to redefine utility-scale solar economics. By eliminating traditional structural steel requirements, the firm is effectively lowering the barrier to entry for large-scale solar projects globally.

The company's growth trajectory, marked by a series of financing rounds beginning in 2019 and culminating in this recent capital injection, underscores its transition from an innovative startup to a key player in the global energy transition. With a leadership team comprised of veterans from industry giants like Tesla and First Solar, ERTHOS is uniquely positioned to scale its operations and address the urgent demand for cost-effective, land-efficient power generation.

What is ERTHOS?

ERTHOS
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Founded in 2019 and headquartered in Tempe, Arizona, ERTHOS is a technology-driven solar company focused on transforming the utility-scale solar landscape. The company's core innovation, Earth Mount Solar PV, replaces conventional steel racking systems by mounting modules directly onto the ground. This architectural shift significantly reduces construction timelines, land usage, and capital expenditure. To ensure operational efficiency, ERTHOS integrates autonomous cleaning robotics that maintain array performance while providing real-time, module-level DC health diagnostics. This holistic approach to solar plant design positions the company as a leader in driving down the levelized cost of electricity for utility providers worldwide.

How much funding has ERTHOS raised?

ERTHOS has raised a total of $48.9M across 3 funding rounds:

2019

Series A

$7.4M

2022

Series B

$17.5M

2023

Other Financing Round

$24M

Series A (2019): $7.4M, investors not publicly disclosed

Series B (2022): $17.5M led by Capricorn Investment Group

Other Financing Round (2023): $24M supported by Capricorn’s Technology Impact Funds

Key Investors in ERTHOS

Capricorn Investment Group

Capricorn Investment Group is a Palo Alto-based investment firm that manages diversified portfolios for mission-aligned families, foundations, and institutional investors, with a strong focus on sustainable, climate, and impact investments.

Capricorn’s Technology Impact Funds

A specialized investment vehicle focused on backing high-growth technology companies that address critical global environmental and social challenges through sustainable innovation.

Undisclosed Investor

Undisclosed investor participating in the funding round.

What's next for ERTHOS?

With the recent influx of capital, ERTHOS is poised to scale its manufacturing and deployment capabilities to meet the rising demand for sustainable energy infrastructure. The strategic focus will likely center on expanding the footprint of its Earth Mount Solar PV systems across diverse geographic markets, leveraging its competitive advantage in land-use efficiency and rapid installation. Furthermore, the company is expected to continue refining its autonomous maintenance ecosystem, ensuring that its solar plants remain the most cost-effective and reliable assets in the renewable energy portfolio. As the global energy market shifts toward decarbonization, ERTHOS is well-positioned to capture significant market share by providing a scalable, low-cost alternative to traditional solar mounting solutions.

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Frequently Asked Questions Regarding ERTHOS Financial Insights

What are the most recent funding rounds that ERTHOS has completed, and what were the funding rounds?
ERTHOS has recently completed 3 funding rounds: Other Financing Round on Sep 11, 2023, Series B on Mar 1, 2022, Series A on Jan 1, 2019.
What is the total amount of funding ERTHOS has raised to date?
ERTHOS has raised a total of $48.9M in funding to date.
How many funding rounds has ERTHOS completed?
ERTHOS has completed 3 funding rounds.
How much funding did ERTHOS raise in its most recent funding round?
ERTHOS raised $24M in its most recent funding round.
Who are the lead investors in ERTHOS's latest funding round?
The lead investor in ERTHOS's latest funding round was Capricorn’s Technology Impact Funds. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in ERTHOS's history?
The largest funding round in ERTHOS's history was $24M.
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