About Advent Solar
Advent Solar is a company based in Albuquerque (United States) founded in 2002 was acquired by Applied Materials in November 2009.. Advent Solar has raised $108.4 million across 5 funding rounds from investors including Applied Materials, DOE and Sun Mountain Capital. Advent Solar operates in a competitive market with competitors including Trina Solar, Suniva, Kyocera, BeamReach Solar and Solaria, among others.
- Headquarter Albuquerque, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$108.4 M (USD)
in 5 rounds
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Latest Funding Round
$70 M (USD), Series D
Jun 19, 2007
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Investors
Applied Materials
& 11 more
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Employee Count
Employee Count
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Acquired by
Applied Materials
(Nov 05, 2009)
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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 Total Funding
- Total Rounds 5
- Last Round Series D — $70.0M
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First Round
First Round
(12 Oct 2003)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2007 | Amount | Series D - Advent Solar | Valuation |
investors |
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| Nov, 2005 | Amount | Series C - Advent Solar | Valuation |
investors |
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| Dec, 2004 | Amount | Series B - Advent Solar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Advent Solar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Advent Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Advent Solar Comparisons
Competitors of Advent Solar
Advent Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Trina Solar, Suniva, Kyocera, BeamReach Solar and Solaria, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Photovoltaic cells for PV and smart energy solutions are developed.
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| domain | founded_year | HQ Location |
High-efficiency silicon photovoltaic cells and modules are manufactured by Suniva.
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| domain | founded_year | HQ Location |
Kyocera is engaged in providing technology solutions globally.
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| domain | founded_year | HQ Location |
Lightweight solar PV modules are manufactured for various applications.
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| domain | founded_year | HQ Location |
Solaria is engaged in providing solar energy products.
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| domain | founded_year | HQ Location |
Testing services for critical power generation systems are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Advent Solar
When was Advent Solar founded?
Advent Solar was founded in 2002 and raised its 1st funding round 1 year after it was founded.
Where is Advent Solar located?
Advent Solar is headquartered in Albuquerque, United States. It is registered at Albuquerque, New Mexico, United States.
Is Advent Solar a funded company?
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 Series B of $8M, raised on Oct 12, 2003.
What does Advent Solar do?
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.
Who are the top competitors of Advent Solar?
Advent Solar's top competitors include Trina Solar, Suniva and Kyocera.
Who are Advent Solar's investors?
Advent Solar has 12 investors. Key investors include Applied Materials, DOE, Sun Mountain Capital, New Mexico Community Capital, and Ventures.
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