What is SoloPower?
SoloPower Systems, Inc. is a specialized manufacturer of CIGS thin-film solar modules designed to disrupt traditional rooftop energy markets. By focusing on lightweight and flexible form factors, the company eliminates the need for heavy, invasive rack-mount systems, which significantly reduces installation time and labor costs. This design versatility makes their technology particularly attractive for large-scale commercial and government infrastructure projects where roof load capacity and installation speed are critical constraints.
The company's market position is defined by its commitment to cost-effective solar adoption, particularly in emerging economies where infrastructure efficiency is paramount. By integrating proprietary manufacturing processes with a focus on ease of deployment, SoloPower serves as a key enabler for organizations looking to transition toward low-carbon energy sources without compromising the structural longevity of their existing assets.
How much funding has SoloPower raised?
SoloPower has raised a total of $348.4M across 12 funding rounds:
Series B
$30M
Series C
$48.2M
Debt
$44.9M
Private Equity
$51.6M
Multiple Rounds
$143.9M
Multiple Rounds
$29.9M
Series B (2007): $30M with participation from Convexa Capital Ventures
Series C (2008): $48.2M led by Crosslink Capital, Firsthand Technology Value Fund, Convexa Capital Ventures, and Hudson Capital Group
Debt (2010): $44.9M supported by Hudson Clean Energy Partners
Private Equity (2010): $51.6M featuring Hudson Clean Energy Partners
Series D (2011): $51.6M backed by Hudson Clean Energy Partners, Convexa Capital Ventures, and Crosslink Capital
Private Equity (2011): $13.5M with participation from Crosslink Capital
Private Equity (2011): $15M, investors not publicly disclosed
Private Equity (2011): $43.7M supported by Greentech Capital Advisors Securities, LLC, Hudson Clean Energy Partners, Convexa, Crosslink Capital, and Thomas Weisel Partners
Debt (2011): $20.1M featuring Hudson Clean Energy Partners
Debt (2012): $7.1M backed by Hudson Clean Energy Partners
Debt (2012): $10.8M with participation from Hudson Clean Energy Partners
Series E (2012): $12M led by Hudson Clean Energy Partners
Key Investors in SoloPower
Hudson Clean Energy Partners
A leader in the sustainable investing sector, this firm specializes in mobilizing capital for low-carbon energy adoption and renewable technologies, supporting the growth of next-generation sustainable businesses.
Crosslink Capital
An investment firm that partners with ambitious early-stage founders to build category-defining companies, leveraging a proprietary network to provide strategic advantages to its portfolio.
Greentech Capital Advisors Securities, LLC
A purpose-built advisory firm focused on empowering companies and investors who are creating a more efficient and sustainable global infrastructure through deep sector expertise.
What's next for SoloPower?
Looking ahead, SoloPower is well-positioned to leverage its recent capital injection to further optimize its manufacturing throughput and expand its footprint in the global clean energy market. The strategic focus will likely remain on scaling production capacity to meet the requirements of large-scale enterprise clients while maintaining the competitive edge provided by its rack-less installation technology.
As the global energy transition accelerates, the company's ability to provide a seamless, high-performance alternative to traditional silicon-based panels will be a primary driver of its future growth. Continued investment in R&D and market penetration will be essential as SoloPower seeks to solidify its role as a leader in the sustainable infrastructure sector, ensuring that its thin-film solutions remain at the forefront of the renewable energy revolution.
