About Abound Solar
Abound Solar is an Energy & Utilities company based in Loveland (United States) founded in 2006, and was acquired by United Power in April 2017. It operates as a thin-film cadmium telluride solar modules are manufactured for large-scale use. Abound Solar has raised $215.81 million across 3 funding rounds from investors including bp, DOE and United Power. Its focus areas include Energy Tech, Renewable Energy Tech, Solar Energy and Solar Modules. Its legal entity is Abound Solar, Inc. Its competitors include First Solar, Oxford Photovoltaics, Swift Solar, Ambient Photonics and Heliatek and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
Abound Solar was founded in 2006 and is based in Loveland, United States. Operations focus on the renewable energy sector, where thin-film cadmium telluride solar photovoltaic modules are produced. These modules are targeted at large-commercial and utility-scale installations, with designs aimed at achieving low levelized cost of electricity. Manufacturing processes emphasize efficiency in photovoltaic technology for grid-scale applications.
- Headquarters Loveland, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Website abound.com
- Social LinkedIn X
- Acquired by United Power (Apr 2017)
- Legal Name Abound Solar, Inc.
- Total Equity Funding$215.81M (USD)
in 3 rounds
- Latest Funding Round$111.81M (USD), Series E
Dec 2010
- Investorsbp
& 7 more
- Acquired byUnited Power
(Apr 2017)
Funding Insights of Abound Solar
Abound Solar has successfully raised a total of $215.81M across 3 strategic funding rounds. The most recent funding activity was a Series E round of $111.81 million completed in December 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $215.81M
- Total Rounds 3
- Last Round Series E — $111.81M
- First Round $104M
(Aug 2008)
- Investors Count 7
All 3 funding rounds of Abound Solar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2010 | $111.81M | Series E | – | BP Ventures | |
| Jul 2010 | $400M | Debt – Conventional | – | – | |
| Aug 2008 | $104M | Series D | – | DCM Ventures, Technology Partners | – |
8 investors in total: 8 institutional.
Investors in Abound Solar
Abound Solar has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include bp, DOE and United Power.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Long-term private equity investments in transformational opportunities are pursued. | – | invus.com | New York, United States | |
- | – | bohemiancompanies.com | - | |
Tech-focused seed, early, and mid-stage VC investments are made globally. | – | dcm.com | Menlo Park, United States | |
Investments are made in US life sciences and energy companies. | – | technologypartners.com | Palo Alto, United States | |
bp is recognized as a global energy company. | 1909 | bp.com | United States | |
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | - | |
Hedge funds are managed through multiple investment strategies. | 1995 | glgpartners.com | London, United Kingdom | |
Not-for-profit electric cooperative | 1938 | unitedpower.com | Brighton, United States |
Investor details for Abound Solar
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Timeline of Abound Solar
4 dated milestones of Abound Solar across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Abound Solar is founded.
- Funding First funding round of $104.0M.
- Funding Latest funding round, Series E, of $111.8M.
- Exit Acquired by United Power.
Competitors of Abound Solar
Abound Solar has 10 listed competitors in our database, 9 of them funded. They include First Solar, Oxford Photovoltaics, Swift Solar, Ambient Photonics and Heliatek, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| firstsolar.com | 1999 | Tempe, United States | – | 6,700 | Provider of cadmium telluride-based flexible solar modules | |
| oxfordpv.com | 2010 | Oxford, United Kingdom | $202.24M | 115 | Perovskite-based solar cells are provided for BIPV applications. | |
| swiftsolar.com | 2017 | Golden, United States | $42.39M | 19 | Flexible perovskite solar cells are provided using hybrid halide materials. | |
| ambientphotonics.com | 2019 | Scotts Valley, United States | $61M | 11 | Solar cells are supplied for powering connected IoT devices. | |
| heliatek.com | 2006 | Dresden, Germany | $117.21M | 193 | Organic solar films and photovoltaic panels are manufactured. | |
| q-cells.com | 1999 | Bitterfeld Wolfen, Germany | $14.05M | – | Manufactures and sells solar modules for eco-friendly power generation globally. | |
| tandempv.com | 2017 | San Francisco, United States | $64.4M | – | Developer of a perovskite-based solar cell | |
| qdsolarinc.com | 2014 | Toronto, Canada | $7.76M | – | Quantum dot-based photovoltaic cells are developed for solar panel integration. | |
| mpowertech.com | 2008 | Albuquerque, United States | $56.41M | 11 | Provider of flexible silicon-based solar panels | |
| voltiris.com | 2021 | Lausanne, Switzerland | $6.87M | – | Developer of solar modules for greenhouse energy production. These modules enable simultaneous crop growth and electricity generation, leveraging existing greenhouse space. The technology uses spectral filtering to minimize or eliminate negative impacts on crop yields while maximizing energy production. The modules are designed for easy installation and minimal maintenance, offering greenhouse owners a path to energy independence and increased profitability through self-consumption and potential grid sales. Various financing options are available to suit different budgetary needs. |
Detailed competitors of Abound Solar
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- Full competitor set
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Web traffic of Abound Solar
Websites that share an audience with Abound Solar (abound.com).
Websites whose visitors overlap most with Abound Solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gehrlicher.com | 90% | – | – | View details |
Top companies in Renewable Energy Platforms
10 companies that operate in the same segment as Abound Solar (Renewable Energy Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Manufacturer of smart solar inverters | 2006 | Herzliya, Central District, Israel | USD 96.8 M | USD 1.18 B | 5,630 | |
Solar panel tracking software is provided for monitoring and control. | 2013 | Fremont, California, United States | USD 42.63 M | USD 3.56 B | 1,300 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | – | 902 | |
Full-end solar services are provided to residential and commercial sectors. | 2009 | Charleston, South Carolina, United States | USD 670.36 M | – | 749 | |
Micro-inverters and energy storage systems are manufactured for solar applications. | 2006 | Fremont, California, United States | USD 100.07 M | USD 1.47 B | 2,780 | |
Producer and supplier of green hydrogen | 2017 | Nantes, Pays De La Loire, France | USD 96.93 M | USD 11.48 M | 199 | |
Online platform for funding solar projects | 2015 | New York, New York, United States | USD 503.95 M | – | 30 | |
Provider of hydrogen production and storage solutions | 1927 | Oslo, Oslo, Norway | – | USD 95.55 M | 409 |
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Frequently Asked Questions about Abound Solar
Abound Solar was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Abound Solar is headquartered in Loveland, United States. It is registered at Loveland, Colorado, United States.
Abound Solar is a funded company, having raised a total of $215.81M across 3 funding rounds to date. The company's 1st funding round was a Series D of $104M, raised on Aug 2008.
Abound Solar was founded in 2006 and is based in Loveland, United States. Operations focus on the renewable energy sector, where thin-film cadmium telluride solar photovoltaic modules are produced. These modules are targeted at large-commercial and utility-scale installations, with designs aimed at achieving low levelized cost of electricity. Manufacturing processes emphasize efficiency in photovoltaic technology for grid-scale applications.
Abound Solar's top competitors include First Solar, Oxford Photovoltaics and Swift Solar.
Abound Solar has 8 investors. Key investors include bp, DOE, United Power, Man GLG, and Invus.
Abound Solar operates through Abound Solar, Inc..
Yes. Abound Solar was acquired by United Power in April 2017.