About Advent Solar
Advent Solar is an Energy & Utilities company based in Albuquerque (United States) founded in 2002, and was acquired by Applied Materials in November 2009. Silicon photovoltaic modules and cell-to-module technology are developed and licensed. Advent Solar has raised $108.4 million across 5 funding rounds from investors including Applied Materials, DOE and Sun Mountain Capital. Its focus areas include Energy, Solar Energy, Hardware Developer and Generation Equipment. Its competitors include Trina Solar, Suniva and Kyocera; 3 of its 3 listed competitors have raised funding.
Company details
Advent Solar was founded in 2002 in Albuquerque, New Mexico, United States. Operations center on silicon photovoltaic cell-to-module technology within the renewable energy sector. Intellectual property for high-energy PV solutions is delivered via a licensing model. The Ventura Technology is offered as a comprehensive architecture for high-performance solar modules, emphasizing value in silicon PV applications. Focus remains on enabling efficient grid-integrated products.
- Headquarters Albuquerque, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Website adventsolar.com
- Social LinkedIn
- Acquired by Applied Materials (Nov 2009)
- Total Equity Funding$108.4M (USD)
in 5 rounds
- Latest Funding Round$70M (USD), Series D
Jun 2007
- InvestorsApplied Materials
& 11 more
- Acquired byApplied Materials
(Nov 2009)
Funding Insights of Advent Solar
Advent Solar has successfully raised a total of $108.4M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $70 million completed in June 2007. 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 $108.4M
- Total Rounds 5
- Last Round Series D — $70M
- First Round $400,000
(Oct 2003)
- Investors Count 11
All 5 funding rounds of Advent 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 |
|---|---|---|---|---|---|
| Jun 2007 | $70M | Series D | – | – | |
| Nov 2005 | $30M | Series C | – | – | |
| Dec 2004 | $8M | Series B | – | – | |
| Nov 2003 | $10,000 | Grant | – | – | |
| Oct 2003 | $400,000 | Seed | – | – |
12 investors in total: 12 institutional.
Investors in Advent Solar
Advent Solar has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Applied Materials, DOE and Sun Mountain Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| ventures.com | ||||
Investments in technology companies are conducted globally by Battery Ventures. | battery.com | |||
| enertechcapital.com | ||||
| firelakecapital.com | ||||
Private equity fund focused on multiple sectors | 2006 | sunmountaincapital.com | Santa Fe, United States | |
VC firm investing in companies in the US | globespancapital.com | Boston, United States | ||
| angelswithattitude.net | ||||
Deep tech commercialization is facilitated by Austin Technology Incubator. | 1989 | ati.utexas.edu | Austin, USA | |
Manages diversified investment funds and portfolios for clients. | 1990 | fortwashington.com | Cincinnati, United States | |
Capital is provided to New Mexico communities for economic development. | 2004 | nmccap.org | Albuquerque, United States |
Investor details for Advent Solar
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Timeline of Advent Solar
4 dated milestones of Advent Solar across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Advent Solar is founded.
- Funding First funding round of $400K.
- Funding Latest funding round, Series D, of $70.0M.
- Exit Acquired by Applied Materials.
Competitors of Advent Solar
Advent Solar has 3 listed competitors in our database, 3 of them funded. They include Trina Solar, Suniva and Kyocera.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| trinasolar.com | 1997 | San Jose, United States | $40M | 69 | Photovoltaic cells for PV and smart energy solutions are developed. | |
| suniva.com | 2007 | Norcross, United States | $224.35M | High-efficiency silicon photovoltaic cells and modules are manufactured by Suniva. | ||
| global.kyocera.com | 1959 | Horse Shoe, United States | $2M | 70,153 | Kyocera is engaged in providing technology solutions globally. |
Detailed competitors of Advent Solar
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Advent Solar (Renewable & Sustainable Energy) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | 1,276 | ||
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Advent Solar
Advent Solar was founded in 2002 and raised its 1st funding round 1 year after it was founded.
Advent Solar is headquartered in Albuquerque, United States. It is registered at Albuquerque, New Mexico, United States.
Advent Solar is a funded company, having raised a total of $108.4M across 5 funding rounds to date. The company's 1st funding round was a Seed of $400K, raised on Oct 2003.
Advent Solar was founded in 2002 in Albuquerque, New Mexico, United States. Operations center on silicon photovoltaic cell-to-module technology within the renewable energy sector. Intellectual property for high-energy PV solutions is delivered via a licensing model. The Ventura Technology is offered as a comprehensive architecture for high-performance solar modules, emphasizing value in silicon PV applications. Focus remains on enabling efficient grid-integrated products.
Advent Solar's top competitors include Trina Solar, Suniva and Kyocera.
Advent Solar has 12 investors. Key investors include Applied Materials, DOE, Sun Mountain Capital, New Mexico Community Capital, and Ventures.
Yes. Advent Solar was acquired by Applied Materials in November 2009.