How Much Did OnSwitch Raise?
Funding & Key Investors

OnSwitch has successfully secured a significant capital injection, bringing its total cumulative financing to $291K. This latest round, characterized by a $141K major strategic investment, underscores the company's robust position within the commercial renewable energy sector. By leveraging debt financing to scale its operations, OnSwitch continues to solidify its footprint as a leader in the deployment of rooftop and carport solar solutions for enterprise-level clients across the nation.

What is OnSwitch?

OnSwitch
ConstructionConstruction ManagementArchitecture, Engineering & Design

OnSwitch operates at the intersection of renewable energy infrastructure and proprietary software development. The firm specializes in the end-to-end design and installation of turnkey solar systems tailored for commercial real estate. Central to its value proposition are its proprietary platforms, SkyQuote and SkyPlanner, which streamline the complex evaluation and procurement lifecycle for solar energy assets. By integrating these digital tools with the installation of Tier 1 solar components, OnSwitch effectively reduces the barrier to entry for commercial entities seeking to optimize energy expenditures. The company's market position is defined by its commitment to operational safety, high-quality hardware standards, and a competitive pricing model that challenges traditional energy procurement methods.

How much funding has OnSwitch raised?

OnSwitch has raised a total of $291K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$141K

Debt (2020): $150K with participation from PPP

Debt (2021): $141K led by PPP

Key Investors in OnSwitch

PPP

Public-Private Partnership

Undisclosed Investors

Undisclosed Investors

Undisclosed Investors

Undisclosed Investors

What's next for OnSwitch?

With the infusion of $141K, OnSwitch is well-positioned to accelerate its market penetration and enhance its technological infrastructure. The strategic focus will likely shift toward scaling the deployment of its proprietary software suites to accommodate a broader client base while maintaining the rigorous safety and quality standards that have become the company's hallmark. As the commercial sector faces increasing pressure to meet sustainability mandates, OnSwitch's ability to provide rapid, accurate, and cost-effective solar solutions will be critical. Future growth trajectories will likely involve expanding the reach of its turnkey installation services and further refining its digital evaluation tools to maintain a competitive edge in an evolving energy landscape.

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Frequently Asked Questions Regarding OnSwitch Financial Insights

What are the most recent funding rounds that OnSwitch has completed, and what were the funding rounds?
OnSwitch has recently completed 2 funding rounds: Debt on Jan 28, 2021, Debt on Apr 14, 2020.
What is the total amount of funding OnSwitch has raised to date?
OnSwitch has raised a total of $291K in funding to date.
How many funding rounds has OnSwitch completed?
OnSwitch has completed 2 funding rounds.
How much funding did OnSwitch raise in its most recent funding round?
OnSwitch raised $141K in its most recent funding round.
Who are the lead investors in OnSwitch's latest funding round?
The lead investor in OnSwitch's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in OnSwitch's history?
The largest funding round in OnSwitch's history was $150K.
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