About Faro Energy
Faro Energy is a company based in Brooklin (United States) founded in 2015.. Faro Energy has raised $55.65 million across 2 funding rounds. Faro Energy offers products and services including Solar Asset Management. Faro Energy operates in a competitive market with competitors including SolarCity, Sunnova, 3Degrees, Exowatt and GreenVolts, among others.
- Headquarter Brooklin, United States
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$55.65 M (USD)
in 2 rounds
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Latest Funding Round
$55.65 M (USD), Series C
Sep 07, 2022
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Investors
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Employee Count
Employee Count
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Products & Services of Faro Energy
Faro Energy offers a comprehensive portfolio of products and services, including Solar Asset Management. 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.
Provides development and management of solar plants for clients
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Funding Insights of Faro Energy
Faro Energy has successfully raised a total of $55.65M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $55.65 million completed in September 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 2
- Last Round Series C — $55.6M
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First Round
First Round
(01 Feb 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series C - Faro Energy | Valuation |
investors |
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| Feb, 2020 | Amount | Debt – Conventional - Faro Energy | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Faro Energy
| 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 - Faro Energy
| 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 |
Faro Energy Comparisons
Competitors of Faro Energy
Faro Energy 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 SolarCity, Sunnova, 3Degrees, Exowatt and GreenVolts, 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 |
Solar power systems are designed, financed, and installed for clients.
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| domain | founded_year | HQ Location |
Solar services are provided to residential and commercial customers.
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| domain | founded_year | HQ Location |
Clean energy consulting and services are offered to support sustainability.
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| domain | founded_year | HQ Location |
Provider of modular full-stack renewable energy solutions for commercial and industrial customers
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| domain | founded_year | HQ Location |
Provides utility-scale concentrated photovoltaic solutions for energy generation.
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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 Faro Energy
Frequently Asked Questions about Faro Energy
When was Faro Energy founded?
Faro Energy was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Faro Energy located?
Faro Energy is headquartered in Brooklin, United States. It is registered at Brooklin, Maine, United States.
Who is the current CEO of Faro Energy?
Sarah Chapman is the current CEO of Faro Energy.
Is Faro Energy a funded company?
Faro Energy is a funded company, having raised a total of $55.65M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $3.49M, raised on Feb 01, 2020.
What does Faro Energy do?
Faro Energy was founded in 2015 and is headquartered in Brooklin, United States. Operations focus on the solar energy sector, where residential and commercial solar systems are installed. Services include site assessments, panel mounting, and grid connections, primarily serving clients in the local region. The company is led by CEO Sarah Chapman, with activities centered on sustainable energy deployment.
Who are the top competitors of Faro Energy?
What products or services does Faro Energy offer?
Faro Energy offers Solar Asset Management.
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