About FTC Solar
FTC Solar is a publicly listed company based in Austin (United States) founded in 2017. Solar energy power projects are developed by FTC Solar. The company has 202 employees. FTC Solar has completed 1 acquisition, including HX Tracker. Its chief executive, as recorded, is Tony Etnyre. Its website ftcsolar.com draws about 12 thousand monthly visits. Its Indian entity Ftc Solar India Private Limited reported revenue of ₹45.60 Cr. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Similar companies include Enel X, Recurrent Energy and Longroad Energy; 3 of its 3 listed similar companies have raised funding.
Company details
FTC Solar was founded in 2017 and is based in Austin, United States. Operations are centered in the renewable energy sector, with solar power projects developed for utility-scale applications. Services include tracker systems and software solutions for solar installations. Geography is primarily focused on the U.S. market, where engineering and project management are handled. Leadership is provided by CEO Tony Etnyre.
- Headquarters Austin, United States
- Employees 202
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Website ftcsolar.com
- Social LinkedIn
- Legal Name Ftc Solar, Inc.
- Indian entity revenue₹45.60 Cr
FY 2025 · +413% YoY
- Indian entity net profit₹3.78 Cr
FY 2025 · 8% margin
- Indian entity EBITDA₹6.43 Cr
FY 2025 · 14% margin
- Latest Funding Round$15M (USD), Post-IPO
Dec 2024
- Employee Count202
- Investments & Acquisitions
Associated legal entities of FTC Solar
FTC Solar operates through Ftc Solar India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ftc Solar India Private Limited CIN U40106TN2020PTC134863 | Active | 13 Mar 2020 | Chennai, Tamil Nadu | ₹45.6 Cr | 97 | 2 | View details |
Funding Insights of FTC Solar
- Total Rounds 1
- Last Round Post-IPO — $15M
- First Round $15M
(Dec 2024)
All 1 funding rounds of FTC 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 |
|---|---|---|---|---|---|
| Dec 2024 | $15M | Post-IPO | – | – | – |
Board of directors of Ftc Solar India Private Limited (FTC Solar)
Ftc Solar India Private Limited is the primary company behind FTC Solar. The board of Ftc Solar India Private Limited currently have 2 directors; the longest-serving is Prabhu Selvaraj, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prabhu Selvaraj DIN 08722842 | Director | 13 Mar 2020 | 6 yrs 7 mo | Ftc Solar India Private Limited |
| Chandrasekar Sureshnathan DIN 08180321 | Director | 10 Sep 2024 | 2 yrs 1 mo | Ftc Solar India Private Limited |
People of FTC Solar
41 people are tracked at FTC Solar (20 in leadership, 21 in team); the tracked headcount is 202.
| Name | Role | Group |
|---|---|---|
Tony Etnyre | CEO | Leadership |
Anurag Mapati | Director Of Mechanical Engineering | Leadership |
Jim Cartwright | Vice President Of Engineering At FTC Solar | Leadership |
Kathleen Mejia | Tax Director | Leadership |
| Senior Director - Global Sourcing | Leadership | |
Sasan Aminpour | Chief Operating Officer | Leadership |
Jeanna Bauer | Sr. Director, Strategic Sales | Leadership |
Cathy Behnen | Chief Accounting Officer | Leadership |
Nagendra Cherukupalli | Chief Technology Officer | Leadership |
Kristian Nolde | Vice President, Marketing And Strategy | Leadership |
Fakir Mohideen Noor Mohideen | Director - Global Supplier Quality | Leadership |
Abhishek Siddaramappa | Director Ai/ml | Leadership |
Alberto Pérez Echeverría | Sr. Vice President Of International Sales | Leadership |
Gokul Kalyan | Director, Head Of Project Engineering | Leadership |
Tyler Watson | Sr. Director, Sales & Project Engineering | Leadership |
Joshua Yates | Director Of Information Technology | Leadership |
Bill Henderson | Director, SEC Reporting And Technical Accounting | Leadership |
Sam Leung | Vice President Of Global Supply Chain | Leadership |
Andrew Morse | Vp, Software | Leadership |
Justin Major | Senior Sales Director | Leadership |
21 more people are available in the full profile.
Complete people profiles for FTC Solar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of FTC Solar
FTC Solar is a publicly listed company on the NASDAQ with ticker symbol FTCI in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date28 Apr 2021
- Listed onNASDAQ: FTCI
- Listed entityFTC Solar, Inc.
- Exchange sectorTechnology services
- ISINUS30320C3016
- Share price$1.87 (+2.19% on the day) · 2026-10-13
- Market capitalisation$34.2M
- EPS (diluted, trailing year)$-6.25
- Volume (last session)171,386
Financials of FTC Solar
Figures of Ftc Solar India Private Limited, the primary company behind FTC Solar, for FY 2025. Revenue was ₹45.60 Cr (+413% year on year). Net profit was ₹3.78 Cr (8% margin). EBITDA was ₹6.43 Cr (14% margin). Revenue has grown at a compounded annual rate of +141% over three years.
- ₹45.60 CrRevenue · FY 2025 · +413% YoY
- ₹3.78 CrNet profit · 8% margin
- ₹6.43 CrEBITDA · 14% margin
- ₹87.8 LakhPaid-up capital
- 97Employees (provident fund records)
- +141%Revenue CAGR, 3 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $99.7M | -$79.6M | -$34.0M |
| 2024 | $47.4M | -$48.6M | -$51.2M |
| 2023 | $127.0M | -$50.3M | -$49.4M |
| 2022 | $123.1M | -$99.6M | -$98.7M |
| 2021 | $270.5M | -$106.6M | -$126.6M |
Balance sheet, profit and loss, cash flow and ratios of Ftc Solar India Private Limited are on its company page.
Detailed financial statements for FTC Solar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by FTC Solar
FTC Solar has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include HX Tracker.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Designer, developer, and installer of solar tracking systems | hxtracker.com | Walnut, United States | 2019 | Mar 2022 | $4.3M |
Complete acquisition details for FTC Solar
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of FTC Solar
4 dated milestones of FTC Solar across 7 years, from founding to its latest funding, stage changes and deals.
- Founded FTC Solar is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires HX Tracker.
- Funding First funding round of $15.0M.
Similar companies to FTC Solar
FTC Solar has 3 listed similar companies in our database, 3 of them funded. They include Enel X, Recurrent Energy and Longroad Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| enelx.com | 2001 | Boston, United States | $168M | 513 | Utility-scale renewable energy projects are developed by Enel X. | |
| recurrentenergy.com | 2006 | San Francisco, United States | $585M | Utility-scale solar projects are developed and owned by Recurrent Energy. | ||
| longroadenergy.com | 2016 | San Francisco, United States | $500M | 153 | Utility-scale wind and solar power projects are developed. |
Detailed similar companies of FTC Solar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of FTC Solar
The website of FTC Solar (ftcsolar.com) receives about 12.2K visits a month.
- Monthly visits12.2K
▲ 50% vs previous month
Websites whose visitors overlap most with FTC Solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| terabase.energy | 100% | 8.9K | #2,110,026 | View details | |
mercomindia.com | mercomindia.com | 87% | #235,126 | – | |
solar-electric.com | solar-electric.com | 69% | #320,221 | – | |
eco-worthy.com | eco-worthy.com | 69% | #121,108 | – | |
| suntacticssolartrackers.com | 33% | 1.6K | #10,908,399 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for FTC Solar
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- 7 similar websites
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as FTC 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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Related news about Ftc Solar
Complete news archive for FTC Solar
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Frequently Asked Questions about FTC Solar
FTC Solar was founded in 2017 and raised its 1st funding round 7 years after it was founded.
FTC Solar is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Tony Etnyre is the CEO of FTC Solar, as recorded in our data.
FTC Solar has 202 employees.
The primary company behind FTC Solar, Ftc Solar India Private Limited, reported revenue of ₹45.60 Cr for FY 2025, up 413% year on year.
FTC Solar was founded in 2017 and is based in Austin, United States. Operations are centered in the renewable energy sector, with solar power projects developed for utility-scale applications. Services include tracker systems and software solutions for solar installations. Geography is primarily focused on the U.S. market, where engineering and project management are handled. Leadership is provided by CEO Tony Etnyre.
FTC Solar's top competitors include Enel X, Longroad Energy and Recurrent Energy.
Yes, FTC Solar is publicly traded on NASDAQ under the ticker symbol FTCI.
FTC Solar has made 1 acquisition, including HX Tracker.
FTC Solar operates through Ftc Solar India Private Limited.
The legal entities of FTC Solar currently have 2 directors, including Prabhu Selvaraj, Chandrasekar Sureshnathan.