What is Sunpreme?
Headquartered in Sunnyvale, California, Sunpreme is a global solar photovoltaic company that designs, develops, and manufactures its proprietary solar modules based on its Hybrid Cell Technology (HCT). Sunpreme provides the world's most powerful Bi-facial double glass frameless modules with STC outputs of 300 W-500W based on a patented HCT platform. With 7 of top 10 rankings among thin-film PV products, Sunpreme solutions are deployed across the US, including Alaska, California, Florida, Hawaiian Islands, Massachusetts, Puerto Rico, Utah, Vermont, and worldwide, in Brazil, Canada, Chile, China, Fiji, India, Israel, Japan, Nigeria, the Philippines, Qatar, Saudi Arabia, Sweden and Thailand. The company's focus on advanced HCT positions it as a key player in the competitive solar energy market.
How much funding has Sunpreme raised?
Sunpreme has raised a total of $50M across 1 funding round:
Series A
$50M
Series A (2011): $50M with participation from Capricorn Investment Group and International Finance
Key Investors in Sunpreme
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. Originating as the family office of Jeff Skoll in 2000, Capricorn now manages multi-asset class strategies including private equity, venture capital, growth, and public markets with an emphasis on backing companies and funds addressing global environmental and social challenges.
International Finance
International Finance Corporation operates as a multilateral financial institution dedicated to mobilizing capital and expertise for sustainable development across emerging markets. The organization provides comprehensive financial solutions that combine investment capital, strategic advisory services, and sophisticated asset management capabilities to support private sector growth and infrastructure development in developing economies.
What's next for Sunpreme?
The recent major strategic investment in Sunpreme signals a pivotal phase for the company, likely aimed at scaling its manufacturing capabilities, expanding its global market reach, and further developing its innovative Hybrid Cell Technology. This enterprise-level funding will empower Sunpreme to solidify its position among leading solar module providers and capitalize on the increasing demand for high-efficiency, sustainable energy solutions. The company's strategic backing suggests a focus on accelerating its growth and achieving significant market penetration.
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