About groSolar
groSolar is a company based in White River (South Africa) founded in 1998 was acquired by EDF Renewable Energy in April 2016.. groSolar has raised $28.59 million across 4 funding rounds from investors including EDF Renewable Energy, Calvert and My Pet Air Plant. groSolar operates in a competitive market with competitors including Sun Exchange, New Southern Energy, go solr, Energy Efficiency and Genesis Eco Energy, among others.
- Headquarter White River, South Africa
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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
$28.59 M (USD)
in 4 rounds
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Latest Funding Round
$2.24 M (USD), Series C
Jan 13, 2011
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Investors
EDF Renewable Energy
& 3 more
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Employee Count
Employee Count
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Acquired by
EDF Renewable Energy
(Apr 25, 2016)
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Funding Insights of groSolar
groSolar has successfully raised a total of $28.59M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $2.24 million completed in January 2011. 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 4
- Last Round Series C — $2.2M
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First Round
First Round
(04 Oct 2006)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2011 | Amount | Series C - groSolar | Valuation |
investors |
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| May, 2009 | Amount | Series C - groSolar | Valuation |
investors |
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| Dec, 2007 | Amount | Series B - groSolar | 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 groSolar
groSolar has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include EDF Renewable Energy, Calvert and My Pet Air Plant. 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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Live pet air plants are offered for adoption to children.
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Founded Year | Domain | Location | |
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Impact venture capital is invested in early-stage US companies.
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Founded Year | Domain | Location | |
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Venture capital investments are managed from Kansas City.
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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 groSolar
| 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 - groSolar
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Grosolar Comparisons
Competitors of groSolar
groSolar 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 Sun Exchange, New Southern Energy, go solr, Energy Efficiency and Genesis Eco Energy, 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.
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Solar power and storage solutions are developed for midsize organizations.
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Turnkey solar energy projects are developed by New Southern Energy.
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Provider of solar panel installation services
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| domain | founded_year | HQ Location |
Solar energy projects are developed in South Africa.
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| domain | founded_year | HQ Location |
Develops wind, solar, and hybrid energy projects for utility-scale applications in South Africa.
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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 groSolar
When was groSolar founded?
groSolar was founded in 1998 and raised its 1st funding round 8 years after it was founded.
Where is groSolar located?
groSolar is headquartered in White River, South Africa. It is registered at White River, Mpumalanga, South Africa.
Is groSolar a funded company?
groSolar is a funded company, having raised a total of $28.59M across 4 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Oct 04, 2006.
What does groSolar do?
Founded in 1998, groSolar functions within the solar energy sector as a distributor, installer, and integrator. Solar electric and hot water systems are supplied to residential and commercial clients. Components from manufacturers including Evergreen Solar, Motech, and SMA are incorporated into solutions. Operations include offices and warehouses across North America, with headquarters located in White River, South Africa.
Who are the top competitors of groSolar?
groSolar's top competitors include Sun Exchange, New Southern Energy and go solr.
Who are groSolar's investors?
groSolar has 4 investors. Key investors include EDF Renewable Energy, Calvert, My Pet Air Plant, and SJF Ventures.
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