What is ERTHOS?
Founded in 2019 and based in Tempe, AZ, ERTHOS is dedicated to revolutionizing the utility-scale solar industry, aiming to establish solar power as the most cost-effective energy generation method. The company has introduced Earth Mount Solar PV, a groundbreaking technology that eliminates the need for structural steel by installing solar modules directly onto the ground. This innovation is complemented by an autonomous cleaning robot designed for nightly array sweeping and module-level DC health data capture. ERTHOS executives bring extensive experience from leading companies such as Tesla, Intel, General Electric, and First Solar, positioning the company for significant growth and impact in the solar market.
How much funding has ERTHOS raised?
ERTHOS has raised a total of $48.9M across 3 funding rounds:
Series A
$7.4M
Series B
$17.5M
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 with a strong focus on sustainable, climate, and impact investments. Originating as the family office of Jeff Skoll, Capricorn manages multi-asset class strategies, emphasizing backing companies addressing global environmental and social challenges.
Capricorn’s Technology Impact Funds
Capricorn’s Technology Impact Funds likely focus on investing in innovative technologies that have a significant positive impact, aligning with ERTHOS's mission to transform the solar industry.
What's next for ERTHOS?
The substantial enterprise-level funding and recent strategic investment signal a new phase of accelerated growth and market penetration for ERTHOS. This capital infusion is expected to fuel the scaling of its Earth Mount Solar PV technology and the expansion of its autonomous cleaning and data monitoring services. With a clear mission to reduce the cost and land requirements for solar power plants, ERTHOS is poised to further solidify its position as a leader in the global transition towards sustainable energy. The company's focus on cost reduction, efficiency, and technological innovation, backed by experienced leadership and strategic investors, suggests a trajectory aimed at transforming the utility-scale solar landscape.
See full ERTHOS company page
