What is The 5B?
Founded in 2013 by solar engineers Chris McGrath and Eden Tehan, The 5B is dedicated to making clean energy more competitive, accessible, and powerful. The company has revolutionized solar project delivery through its flagship MAVERICK technology, a prefabricated, plug-and-play solar block designed for rapid deployment. This innovative solution enables customers to implement solar projects more efficiently, cost-effectively, and with greater flexibility, simplifying the entire process from manufacturing to on-site installation.
How much funding has The 5B raised?
The 5B has raised a total of $65.6M across 2 funding rounds:
Series A
$8.7M
Series B
$56.9M
Series A (2020): $8.7M with participation from AES
Series B (2022): $56.9M led by AES, BP Ventures, and Artesian Venture Capital
Key Investors in The 5B
AES
AES Corporation, based in Peabody, MA, is a manufacturer of communication products and services for fire, burglary, and facility applications, offering intelligent dashboards and technical support.
BP Ventures
BP Ventures operates within the Civil Engineering Construction industry, employing a small team and generating significant revenue, indicating a focus on infrastructure and development projects.
What's next for The 5B?
The substantial enterprise-level funding indicates The 5B is poised for significant scaling and market expansion. This strategic investment will likely fuel further development of its MAVERICK technology, enhance manufacturing capabilities, and broaden its global reach. The company's focus on simplifying solar deployment positions it to capitalize on the accelerating demand for renewable energy solutions, driving further growth and solidifying its market leadership in the clean technology sector.
See full The 5B company page
