About Borrego Solar
Borrego Solar is a company based in San Diego (United States) founded in 1980 by Chris Anderson and James Rickard.. Borrego Solar has raised $61.44 million across 5 funding rounds from investors including US Bank, East West Bank and National Cooperative Bank. The company has 302 employees as of December 31, 2022. Borrego Solar operates in a competitive market with competitors including Enel X, Hillman Group, Origis Energy, REC Solar and Depcom Power, among others.
- Headquarter San Diego, United States
- Employees 302 as on 31 Dec, 2022
- Founders Chris Anderson, James Rickard
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$61.44 M (USD)
in 5 rounds
-
Latest Funding Round
$17.4 M (USD), Series C
Aug 20, 2012
-
Investors
US Bank
& 3 more
-
Employee Count
302
as on Dec 31, 2022
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Borrego Solar
Borrego Solar has successfully raised a total of $61.44M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $17.4 million completed in August 2012. 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 C — $17.4M
-
First Round
First Round
(01 Jun 2001)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2012 | Amount | Series C - Borrego Solar | Valuation |
investors |
|
| Feb, 2012 | Amount | Debt – Conventional - Borrego Solar | Valuation |
investors |
|
| Aug, 2009 | Amount | Series B - Borrego Solar | Valuation | Walsin |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Borrego Solar
Borrego Solar has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include US Bank, East West Bank and National Cooperative Bank. 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 |
|---|---|---|---|---|
|
Co-operative bank
|
Founded Year | Domain | Location | |
|
Commercial bank
|
Founded Year | Domain | Location | |
|
Commercial banking services are offered to individuals and businesses.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Borrego Solar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Borrego Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Borrego Solar Comparisons
Competitors of Borrego Solar
Borrego 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 Enel X, Hillman Group, Origis Energy, REC Solar and Depcom Power, 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 |
Utility-scale renewable energy projects are developed by Enel X.
|
|
| domain | founded_year | HQ Location |
Hardware and home improvement products are supplied to retail markets.
|
|
| domain | founded_year | HQ Location |
Utility-scale and commercial solar projects are developed worldwide.
|
|
| domain | founded_year | HQ Location |
Commercial solar projects are designed, installed, and financed.
|
|
| domain | founded_year | HQ Location |
Solar projects are designed, procured, constructed, operated, and maintained.
|
|
| domain | founded_year | HQ Location |
Residential and community solar installations are offered in Vermont.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Borrego Solar
Frequently Asked Questions about Borrego Solar
When was Borrego Solar founded?
Borrego Solar was founded in 1980 and raised its 1st funding round 21 years after it was founded.
Where is Borrego Solar located?
Borrego Solar is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Who is the current CEO of Borrego Solar?
Mike Hall is the current CEO of Borrego Solar.
Is Borrego Solar a funded company?
Borrego Solar is a funded company, having raised a total of $61.44M across 5 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on Jun 01, 2001.
How many employees does Borrego Solar have?
As of Dec 31, 2022, the latest employee count at Borrego Solar is 302.
What does Borrego Solar do?
Borrego Solar was founded in 1980 and operates in the solar photovoltaic sector as an EPC provider. Commercial, residential, and public sector projects are handled through turnkey installations. A portfolio exceeding 1100 solar PV initiatives has been completed across the United States. Offices are located in California, Massachusetts, and New York, with services extended nationwide from the headquarters in San Diego.
Who are the top competitors of Borrego Solar?
Borrego Solar's top competitors include Enel X, Origis Energy and Hillman Group.
Who are Borrego Solar's investors?
Borrego Solar has 4 investors. Key investors include US Bank, East West Bank, National Cooperative Bank, and Walsin.