What is FTC Solar?
FTC Solar, Inc. operates as a specialized provider of advanced solar tracker systems, integrated software platforms, and comprehensive engineering services. The company maintains a robust global footprint, delivering critical infrastructure solutions across the United States, Asia, Europe, the Middle East, and Africa. By focusing on the intersection of hardware innovation and digital optimization, FTC Solar addresses the complex requirements of utility-scale solar projects, ensuring maximum energy yield and operational efficiency for its diverse client base.
How much funding has FTC Solar raised?
FTC Solar has raised a total of $90.3M across 3 funding rounds:
Debt
$350K
Debt
$15M
Other Financing Round
$75M
Debt (2020): $350K with participation from PPP
Debt (2024): $15M, investors not publicly disclosed
Other Financing Round (2025): $75M supported by Cleanhill Partners and AVS Security
Key Investors in FTC Solar
Cleanhill Partners
Cleanhill Partners is an innovative investment firm focused on decarbonizing the world through energy transition investment partnerships. They invest in scalable businesses that are transforming the generation, delivery, and consumption of energy.
AVS Security
AVS Security is a trusted provider of security and automation solutions, specializing in the installation and service of various security systems with over 18 years of industry experience.
PPP
Public-Private Partnership
What's next for FTC Solar?
With the recent infusion of capital, FTC Solar is well-positioned to accelerate its research and development initiatives, particularly in the realm of software-enabled tracker optimization. The strategic focus will likely shift toward deepening market penetration in high-growth regions and enhancing the scalability of its engineering services. By leveraging this major enterprise-level funding, the company aims to fortify its supply chain resilience and expand its technological lead, ensuring it remains at the forefront of the global energy transition. Future growth will be driven by the continued adoption of its proprietary systems as utility providers seek to optimize performance in increasingly volatile energy markets.
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