About New Sun Road
New Sun Road is a company based in Richmond (United States) founded in 2014 by Austin Cappon, Jonathan Lee, and Jalel Sager.. New Sun Road has raised $5.9 million across 3 funding rounds from investors including Microsoft, Nelnet and Skyview Ventures. New Sun Road offers products and services including Stellar Microgrid OS, Stellar AI, Stellar Edge, and Stellar IS. New Sun Road operates in a competitive market with competitors including Equilibrium Energy, RadianGEN, Scale Microgrids, Odyssey Energy Solutions and Lancium, among others.
- Headquarter Richmond, United States
- Founders Austin Cappon, Jonathan Lee, Jalel Sager
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Sectors
Energy & UtilitiesTechnology
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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
$5.9 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Microsoft
& 3 more
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Employee Count
Employee Count
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Products & Services of New Sun Road
New Sun Road offers a comprehensive portfolio of products and services, including Stellar Microgrid OS, Stellar AI, Stellar Edge, and Stellar IS. 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.
Cloud-based system for managing and optimizing microgrid operations remotely.
AI tool to reduce costs and maximize renewable energy usage in systems.
Hardware device for data acquisition and control in energy setups.
Platform for energy access and digital connectivity projects worldwide.
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Funding Insights of New Sun Road
New Sun Road has successfully raised a total of $5.9M across 3 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 3
- Last Round Last Round
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2023 | Amount | Debt – Conventional - New Sun Road | Valuation |
investors |
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| May, 2023 | Amount | Series A - New Sun Road | Valuation |
investors |
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| May, 2016 | Amount | Grant - New Sun Road | 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 New Sun Road
New Sun Road has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Microsoft, Nelnet and Skyview Ventures. 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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Investment in renewable energy markets across North America is made.
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Founded Year | Domain | Location | |
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Venture capital is invested in climate tech startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Nelnet is engaged in student loan servicing and consumer finance.
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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 New Sun Road
| 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 - New Sun Road
| 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 |
New Sun Road Comparisons
Competitors of New Sun Road
New Sun Road 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 Equilibrium Energy, RadianGEN, Scale Microgrids, Odyssey Energy Solutions and Lancium, 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 |
Software solutions for energy portfolio management are offered.
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| domain | founded_year | HQ Location |
Solar asset management services are provided for PV projects.
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| domain | founded_year | HQ Location |
Microgrids are manufactured by Scale Microgrids in the United States.
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| domain | founded_year | HQ Location |
End-to-end platform for distributed renewable energy finance is provided.
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| domain | founded_year | HQ Location |
Cloud-based portfolio management software is provided for renewable energy.
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| domain | founded_year | HQ Location |
An AI-based platform is provided for energy sector application development.
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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 New Sun Road
Frequently Asked Questions about New Sun Road
When was New Sun Road founded?
New Sun Road was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is New Sun Road located?
New Sun Road is headquartered in Richmond, United States. It is registered at Richmond, Virginia, United States.
Who is the current CEO of New Sun Road?
Jalel Sager is the current CEO of New Sun Road. They have also founded this company.
Is New Sun Road a funded company?
New Sun Road is a funded company, having raised a total of $5.9M across 3 funding rounds to date.
What does New Sun Road do?
New Sun Road was founded in 2014 and is based in Richmond, United States. Operations focus on the renewable power sector, where distributed energy solutions are delivered. These include a software platform for optimizing renewables-based power systems, cloud-based monitoring and control devices, and community-run centers for connectivity and economic development. Services support management and integration of renewable energy infrastructure.
Who are the top competitors of New Sun Road?
New Sun Road's top competitors include Equilibrium Energy, Lancium and Scale Microgrids.
What products or services does New Sun Road offer?
New Sun Road offers Stellar Microgrid OS, Stellar AI, Stellar Edge, and Stellar IS.
Who are New Sun Road's investors?
New Sun Road has 4 investors. Key investors include Microsoft, Nelnet, Skyview Ventures, and Climate Capital.