About Aurora Solar
Aurora Solar is a company based in San Francisco (United States) founded in 2013 by Samuel Adeyemo and Christopher Hopper.. Aurora Solar has raised $536.47 million across 6 funding rounds from investors including DOE, Fifth Wall and Pear VC. Aurora Solar has completed 2 acquisitions, including Folsom Labs and Lyra Solar. Aurora Solar offers products and services including Solar Design Software, Sales Mode, and Aurora AI. Aurora Solar operates in a competitive market with competitors including PVcase, OpenSolar, Solar Ladder, RatedPower and Solar monkey, among others.
- Headquarter San Francisco, United States
- Founders Samuel Adeyemo, Christopher Hopper
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Sectors
Energy & Utilities
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Email
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Phone
*********
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Website
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Social
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- Jurisdiction Agra, Uttar Pradesh, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$536.47 M (USD)
in 6 rounds
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Latest Funding Round
$200 M (USD), Series D
Feb 28, 2022
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Investors
DOE
& 9 more
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Employee Count
Employee Count
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Investments & Acquisitions
Folsom Labs
& 1 more
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Products & Services of Aurora Solar
Aurora Solar offers a comprehensive portfolio of products and services, including Solar Design Software, Sales Mode, and Aurora AI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables accurate solar system modeling and planning for efficient project quoting.
Facilitates fast, customizable solar proposals to help close deals quickly.
Assists in optimizing solar designs and improving project accuracy for users.
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Funding Insights of Aurora Solar
Aurora Solar has successfully raised a total of $536.47M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $200 million completed in February 2022. 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 6
- Last Round Series D — $200.0M
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First Round
First Round
(19 Nov 2015)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series D - Aurora Solar | Valuation | Coatue , Energize Capital | |
| May, 2021 | Amount | Series C - Aurora Solar | Valuation | Coatue | |
| Nov, 2020 | Amount | Series B - Aurora Solar | Valuation | ICONIQ Growth |
| 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 Aurora Solar
Aurora Solar has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include DOE, Fifth Wall and Pear VC. 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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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Venture capital is provided for climate software and sustainable innovations.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups by Fifth Wall.
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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 Aurora Solar
Aurora Solar has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Folsom Labs and Lyra Solar. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Software platform is offered for solar PV design and monitoring.
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2011 | ||||
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Design solutions for solar power plants are provided.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Aurora 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 |
Aurora Solar Comparisons
Competitors of Aurora Solar
Aurora 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 PVcase, OpenSolar, Solar Ladder, RatedPower and Solar monkey, 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 |
Provider of solar sales and design software solutions
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| domain | founded_year | HQ Location |
Solar design and sales are enabled via a cloud-based platform.
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| domain | founded_year | HQ Location |
Solar sales and design software solutions are provided.
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| domain | founded_year | HQ Location |
SaaS-driven solar sales and design software solutions are provided.
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| domain | founded_year | HQ Location |
Software for solar system design and yield calculation is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Aurora Solar
Frequently Asked Questions about Aurora Solar
When was Aurora Solar founded?
Aurora Solar was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Aurora Solar located?
Aurora Solar is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Aurora Solar a funded company?
Aurora Solar is a funded company, having raised a total of $536.47M across 6 funding rounds to date. The company's 1st funding round was a Series B of $50M, raised on Nov 19, 2015.
What does Aurora Solar do?
Aurora Solar was founded in 2013 in San Francisco, United States, within the renewable energy software sector. AI-driven tools are provided for solar sales and design, enabling online creation, editing, and simulation of systems through an integrated CAD engine. Interactions with homeowners are facilitated to generate and share customized 3D solar estimates, supporting operations in the solar industry across the United States.
Who are the top competitors of Aurora Solar?
What products or services does Aurora Solar offer?
Aurora Solar offers Solar Design Software, Sales Mode, and Aurora AI.
How many acquisitions has Aurora Solar made?
Aurora Solar has made 2 acquisitions, including Folsom Labs, and Lyra Solar.
Who are Aurora Solar's investors?
Aurora Solar has 10 investors. Key investors include DOE, Fifth Wall, Pear VC, Coatue, and Energize Capital.
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