About Merlin Solar
Merlin Solar is a company based in San Jose (United States) founded in 2016 was acquired by AC Industrials in February 2018.. Merlin Solar has raised $47.06 million across 2 funding rounds from investors including Saint-Gobain, Fifth Wall and Ayala. Merlin Solar offers products and services including Merlin Solar Panels, Rooftop Solar Modules, and Mobile Solar Systems. Merlin Solar operates in a competitive market with competitors including Ambient Photonics, Swift Solar, Meyer Burger, mPower Technologies and MiaSole, among others.
- Headquarter San Jose, United States
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Sectors
TechnologyEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Merlin Solar Technologies, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$47.06 M (USD)
in 2 rounds
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Latest Funding Round
$16.06 M (USD), Series B
Dec 18, 2025
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Investors
Saint-Gobain
& 3 more
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Employee Count
Employee Count
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Acquired by
AC Industrials
(Feb 26, 2018)
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Products & Services of Merlin Solar
Merlin Solar offers a comprehensive portfolio of products and services, including Merlin Solar Panels, Rooftop Solar Modules, and Mobile Solar Systems. 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.
Durable panels for transportation and mobile power needs.
Lightweight modules for commercial and residential energy.
Reliable systems for disaster relief and security operations.
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Funding Insights of Merlin Solar
Merlin Solar has successfully raised a total of $47.06M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $16.06 million completed in December 2025. 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 B — $16.1M
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First Round
First Round
(29 Oct 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series B - Merlin Solar | Valuation |
investors |
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| Oct, 2024 | Amount | Series B - Merlin Solar | Valuation | Fifth Wall , Saint-Gobain |
| 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 Merlin Solar
Merlin Solar has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Saint-Gobain, Fifth Wall and Ayala. 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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Investments are made in early-stage tech startups by Fifth Wall.
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Construction products and innovative materials are manufactured by Saint-Gobain.
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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 Merlin Solar
| 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 - Merlin 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 |
Merlin Solar Comparisons
Competitors of Merlin Solar
Merlin 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 Ambient Photonics, Swift Solar, Meyer Burger, mPower Technologies and MiaSole, 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 cells are supplied for powering connected IoT devices.
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| domain | founded_year | HQ Location |
Flexible perovskite solar cells are provided using hybrid halide materials.
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| domain | founded_year | HQ Location |
Printed photovoltaic cells are provided using heterojunction technology.
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| domain | founded_year | HQ Location |
Provider of flexible silicon-based solar panels
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| domain | founded_year | HQ Location |
CIGS PV module manufacturer
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| domain | founded_year | HQ Location |
Perovskite solar films and capacitors are developed using microgroove technology.
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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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Latest news on Merlin Solar
Frequently Asked Questions about Merlin Solar
When was Merlin Solar founded?
Merlin Solar was founded in 2016 and raised its 1st funding round 8 years after it was founded.
Where is Merlin Solar located?
Merlin Solar is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Is Merlin Solar a funded company?
Merlin Solar is a funded company, having raised a total of $47.06M across 2 funding rounds to date. The company's 1st funding round was a Series B of $31M, raised on Oct 29, 2024.
What does Merlin Solar do?
Merlin Solar was founded in 2016 in San Jose, United States, within the renewable energy sector. Solar modules based on crystalline silicon are produced to support applications including metal roof installations, transportation auxiliary power, flush-mounted residential systems, and military uses. An interconnect system is also offered to enhance power extraction, reliability, and ruggedness beyond standard panels. Operations focus on photovoltaic solutions tailored to specific deployment needs.
Who are the top competitors of Merlin Solar?
Merlin Solar's top competitors include Swift Solar, mPower Technologies and Power Roll.
What products or services does Merlin Solar offer?
Merlin Solar offers Merlin Solar Panels, Rooftop Solar Modules, and Mobile Solar Systems.
Who are Merlin Solar's investors?
Merlin Solar has 4 investors. Key investors include Saint-Gobain, Fifth Wall, Ayala, and AC Industrials.