About Morgan Solar
Morgan Solar is a company based in Toronto (Canada) founded in 2007.. Morgan Solar has raised $45.9 million across 7 funding rounds from investors including Iberdrola, Enbridge and Nypro. Morgan Solar operates in a competitive market with competitors including CFV Labs, EmaZys, Tau Science, AePVI and Sun Lab, among others.
- Headquarter Toronto, Canada
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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
$45.9 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Iberdrola
& 5 more
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Employee Count
Employee Count
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Funding Insights of Morgan Solar
Morgan Solar has successfully raised a total of $45.9M across 7 strategic funding rounds. 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 7
- Last Round Last Round
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First Round
First Round
(01 Oct 2009)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Grant - Morgan Solar | Valuation |
investors |
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| Jul, 2016 | Amount | Series C - Morgan Solar | Valuation |
investors |
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| Nov, 2011 | Amount | Series B - Morgan Solar | Valuation | Enbridge |
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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 |
Investors in Morgan Solar
Morgan Solar has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Iberdrola, Enbridge and Nypro. 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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Venture capital firm focused on investing in clean tech sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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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 Morgan 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 - Morgan 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 |
Morgan Solar Comparisons
Competitors of Morgan Solar
Morgan 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 CFV Labs, EmaZys, Tau Science, AePVI and Sun Lab, 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 module testing solutions are provided for photovoltaic performance improvement.
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| domain | founded_year | HQ Location |
PV testing instruments are developed for solar system fault localization.
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| domain | founded_year | HQ Location |
Test and measurement equipment solutions for Solar PV
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| domain | founded_year | HQ Location |
Develops innovative technologies for solar and wind energy projects.
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| domain | founded_year | HQ Location |
Offers damage assessment and performance testing for solar modules and components.
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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 Morgan Solar
Frequently Asked Questions about Morgan Solar
When was Morgan Solar founded?
Morgan Solar was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Morgan Solar located?
Morgan Solar is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Morgan Solar?
Mike Andrade is the current CEO of Morgan Solar.
Is Morgan Solar a funded company?
Morgan Solar is a funded company, having raised a total of $45.9M across 7 funding rounds to date. The company's 1st funding round was a Series B of $9.8M, raised on Oct 01, 2009.
What does Morgan Solar do?
Morgan Solar was founded in 2007 in Toronto, Canada, within the renewable energy sector. Solar design simulation software is developed and supplied to support performance analysis of light management technologies. Key offerings include Sun Studio for comparing technology efficiencies, SimbaX for light concentration to minimize silicon cell usage, and SPOTlight for translucent photovoltaic shading in buildings. Sun Stream windows and Sun Block panels are also produced for architectural integrations.
Who are the top competitors of Morgan Solar?
Morgan Solar's top competitors include Tau Science, EmaZys and CFV Labs.
Who are Morgan Solar's investors?
Morgan Solar has 6 investors. Key investors include Iberdrola, Enbridge, Nypro, Sustainable Development Technology Canada, and ArcTern Ventures.