About Nextracker
Nextracker is a publicly listed company based in Fremont (United States) founded in 2013 by Marco Miller, Marco Garcia, Alexander Au, Dan Shugar, and Mike Mehawich, and was acquired by Flextronics in September 2015. Solar panel tracking software is provided for monitoring and control. Nextracker has raised $42.63 million across 3 funding rounds from investors including Tennenbaum Capital Partners, Flextronics and SJF Ventures. The company has 1,300 employees. Nextracker has completed 5 acquisitions, including Bentek, BrightBox Technologies and Nextracker. Its chief executive, as recorded, is Dan Shugar. Its website nextracker.com draws about 18 thousand monthly visits. Its Indian entity Nextpower India Private Limited reported revenue of ₹1,361 Cr. Nextracker offers products and services including NX Horizon, TrueCapture, NX Navigator, and NX Global Services. Its focus areas include Energy Tech, Renewable Energy Tech, Solar Energy and Balance of System. Its competitors include Nevados and ArrayPower.
Company details
Nextracker was founded in 2013 and is headquartered in Fremont, United States. Solar tracking software is offered by the company within the renewable energy sector. Monitoring and control features are enabled for solar energy panels, with real-time analysis and diagnosis provided. Insights are generated to address weather-related risks, including hailstorms, snow, and hurricanes, supporting operational management across installations.
- Headquarters Fremont, United States
- Employees 1,300
- Founders Marco Miller, Marco Garcia, Alexander Au, Dan Shugar, Mike Mehawich
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website nextracker.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Flextronics (Sep 2015)
- Legal Name Nextracker Inc.
- Indian entity revenue₹1,361 Cr
FY 2025 · +72% YoY
- Indian entity net profit₹136 Cr
FY 2025 · 10% margin
- Indian entity EBITDA₹181 Cr
FY 2025 · 13% margin
- Total Equity Funding$42.63M (USD)
in 3 rounds
- Latest Funding Round$10.52M (USD), Series C
Jun 2015
- InvestorsTennenbaum Capital Partners
& 5 more
- Employee Count1,300
- Investments & AcquisitionsBentek
& 4 more
- Acquired byFlextronics
(Sep 2015)
Associated legal entities of Nextracker
Nextracker operates through Nextpower 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 |
|---|---|---|---|---|---|---|---|
| Nextpower India Private Limited CIN U29100TG2021PTC149236 | Active | 03 Mar 2021 | Hyderabad, Telangana | ₹1,361 Cr | 253 | 4 | View details |
Products & Services of Nextracker
Nextracker offers a comprehensive portfolio of products and services, including NX Horizon, TrueCapture, NX Navigator, and NX Global Services.
Hardware for optimizing solar panel orientation and energy output.
Platform for enhancing solar plant yield and weather risk mitigation.
Tool for advanced control and performance monitoring in solar systems.
Services for installation and maintenance of solar tracking solutions.
Apps and channels of Nextracker
its YouTube channel Nextracker LLC. has 3.44K subscribers and 30 videos.
Videos from Nextracker
The most watched videos on Nextracker's YouTube channel, Nextracker LLC. (3.44K subscribers). Click a video to play it here.
More on Nextracker LLC..
Funding Insights of Nextracker
Nextracker has successfully raised a total of $42.63M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $10.52 million completed in June 2015. 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 $42.63M
- Total Rounds 3
- Last Round Series C — $10.52M
- First Round $7.12M
(Feb 2014)
- Investors Count 5
All 3 funding rounds of Nextracker 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 |
|---|---|---|---|---|---|
| Jun 2015 | $10.52M | Series C | – | – | – |
| Dec 2014 | $25M | Series B | – | SJF Ventures | |
| Feb 2014 | $7.12M | Series A | – | – |
6 investors in total: 6 institutional.
Investors in Nextracker
Nextracker has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Tennenbaum Capital Partners, Flextronics and SJF Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Impact venture capital is invested in early-stage US companies. | sjfventures.com | Durham, United States | ||
Early-stage VC investments are made in US, Canada, and Asia. | sigmapartners.com | Danville, United States | ||
Venture capital investments are directed toward multiple sectors. | dbl.vc | San Francisco, United States | ||
A diversified portfolio of investment management services is offered. | 1996 | tennenbaumcapital.com | Santa Monica, United States | |
| overtureadvisors.com | ||||
Electronics design, manufacturing, and distribution services are provided to OEMs. | 1969 | flextronics.com | San Jose, United States |
Investor details for Nextracker
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Board of directors of Nextpower India Private Limited (Nextracker)
Nextpower India Private Limited is the primary company behind Nextracker. The board of Nextpower India Private Limited currently have 4 directors; the longest-serving is Rajeev Kashyap, appointed in 2021. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajeev Kashyap DIN 09090146 | Managing Director | 03 Mar 2021 | 5 yrs 8 mo | Nextpower India Private Limited |
| Nicholas Marco Miller DIN 09597553 | Director | 23 Sep 2022 | 4 yrs 1 mo | Nextpower India Private Limited |
| David Paul Bennett DIN 09597534 | Director | 23 Sep 2022 | 4 yrs 1 mo | Nextpower India Private Limited |
| Sanjeev Kumar Vangapally DIN 06427543 | Director | 29 Mar 2024 | 2 yrs 7 mo | Nextpower India Private Limited |
People of Nextracker
200 people are tracked at Nextracker (83 in leadership, 117 in team); the tracked headcount is 1,300.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
Marco Garcia | Co-Founder & CMO | Leadership |
Alexander Au | Co-Founder & CTO | Leadership |
Dan Shugar | Founder & CEO | Leadership |
Mike Mehawich | Co-Founder & CSO | Leadership |
Antonio Sendín Rodríguez | Sales Director EU & International | Leadership |
Alejandro Riofrio | Vice President, Supply Chain | Leadership |
Rakesh Kumar Sinha | Head Sourcing,procurement & Supply Chain Management | Leadership |
Jenny Tseng | Svp, Global Head Of Tax | Leadership |
Dave Bennett | Chief Accounting Officer (cao) | Leadership |
Rad Abdalhaq | Director - Business Development And Sales | Leadership |
Antoine Wagschal | Sales Director | Leadership |
Gabriela Fanelli Trabulsi Aun | Sr. Director Of Finance | Leadership |
Tong Chang | Director Of Business Development | Leadership |
Jesus Prado | VP Sales Europe | Leadership |
Abhijeet Kalbhor | Director | Leadership |
Yazan Ajlani | Sr. Director, Sales - Electrical Balance Of Systems | Leadership |
Suresh Sakkuri Pmp® | Senior Director - Head Of Business Systems & Services | Leadership |
Rajeev K. | Senior Vice President And General Manager MEIA | Leadership |
Sarah Lee | Director, Head Of Investor Relations | Leadership |
180 more people are available in the full profile.
Complete people profiles for Nextracker
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IPO & Listings of Nextracker
Nextracker is a publicly listed company on the NASDAQ with ticker symbol NXT in USA, operating in the Electronic technology 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 date09 Feb 2023
- Listed onNASDAQ: NXT
- Listed entityNextracker Inc.
- Exchange sectorElectronic technology
- ISINUS65290E1010
- Share price$88.77 (+4.61% on the day) · 2026-10-13
- Market capitalisation$13.47B
- Price to earnings23.0
- EPS (diluted, trailing year)$3.86
- Volume (last session)2,010,666
Financials of Nextracker
Figures of Nextpower India Private Limited, the primary company behind Nextracker, for FY 2025. Revenue was ₹1,361 Cr (+72% year on year). Net profit was ₹136 Cr (10% margin). EBITDA was ₹181 Cr (13% margin). Revenue has grown at a compounded annual rate of +386% over three years.
- ₹1,361 CrRevenue · FY 2025 · +72% YoY
- ₹136 CrNet profit · 10% margin
- ₹181 CrEBITDA · 13% margin
- ₹1.13 CrPaid-up capital
- 253Employees (provident fund records)
- +386%Revenue CAGR, 3 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $3.56B | $585.9M | $738.2M |
| 2024 | $2.96B | $509.2M | $657.9M |
| 2023 | $2.50B | $306.2M | $591.5M |
| 2022 | $1.90B | $1.1M | $173.1M |
| 2021 | $1.46B | $50.9M | $77.1M |
Balance sheet, profit and loss, cash flow and ratios of Nextpower India Private Limited are on its company page.
Detailed financial statements for Nextracker
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 Nextracker
Nextracker has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Bentek, BrightBox Technologies and Nextracker.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Produces steel frames for solar panels in utility, commercial, and residential markets. | origamisolar.com | Bend, United States | 2019 | Sep 2025 | $53M | |
BoS products for solar systems are designed and manufactured. | bentek.com | San Jose, United States | 1985 | May 2025 | $78M | |
Solar energy projects are developed and managed internationally. | solarpileint.com | Burleigh Heads, Australia | 2017 | Aug 2024 | $48M | |
Solar energy projects are developed by Ojjo since 2018. | ojjo.com | San Rafael, United States | 2018 | Jun 2024 | •••• | |
Developers of predictive modelling software and machine-learning technologies | brightboxtech.com | Berkeley, United States | 2013 | Aug 2016 | •••• |
Complete acquisition details for Nextracker
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Nextracker
10 dated milestones of Nextracker across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Nextracker is founded.
- Funding First funding round of $7.1M.
- Funding Latest funding round, Series C, of $10.5M.
- Exit Acquired by Flextronics.
- Acquisition Acquires BrightBox Technologies.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Ojjo.
- Acquisition Acquires Nextracker.
- Acquisition Acquires Bentek.
- Acquisition Acquires Origami Solar.
Competitors of Nextracker
Nextracker has 2 listed competitors in our database. They include Nevados and ArrayPower.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nevados.solar | 2014 | San Francisco, United States | All-terrain solar trackers are supplied for uneven landscapes. | |||
| arraypower.com | 2007 | Sunnyvale, United States | Develops software-integrated solar inverters for efficient energy solutions. |
Detailed competitors of Nextracker
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Web traffic of Nextracker
The website of Nextracker (nextracker.com) receives about 17.7K visits a month.
- Monthly visits17.7K
▼ 14.9% vs previous month
Websites whose visitors overlap most with Nextracker. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| solaria.com | 100% | 4.5K | #4,201,348 | View details | |
| firstsolar.com | 81% | 52K | #590,691 | View details | |
| viridiansolar.co.uk | 79% | 20.3K | #1,658,138 | View details | |
sungoldsolar.com | sungoldsolar.com | 79% | #878,176 | – | |
| ups-solar.co.uk | 79% | 23.3K | #1,324,170 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 27 similar websites and full traffic analytics for Nextracker
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- 27 similar websites
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Top companies in Renewable Energy Platforms
3 companies that operate in the same segment as Nextracker (Renewable Energy Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 | ||
Full-end solar services are provided to residential and commercial sectors. | 2009 | Charleston, South Carolina, United States | USD 670.36 M | 749 |
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Related news about Nextracker
Complete news archive for Nextracker
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Frequently Asked Questions about Nextracker
Nextracker was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Nextracker is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Dan Shugar is the CEO of Nextracker, as recorded in our data. They have also founded this company.
Nextracker is a funded company, having raised a total of $42.63M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7.12M, raised on Feb 2014.
Nextracker has 1,300 employees.
The primary company behind Nextracker, Nextpower India Private Limited, reported revenue of ₹1,361 Cr for FY 2025, up 72% year on year.
Nextracker was founded in 2013 and is headquartered in Fremont, United States. Solar tracking software is offered by the company within the renewable energy sector. Monitoring and control features are enabled for solar energy panels, with real-time analysis and diagnosis provided. Insights are generated to address weather-related risks, including hailstorms, snow, and hurricanes, supporting operational management across installations.
Nextracker's top competitors include Nevados and ArrayPower.
Nextracker offers NX Horizon, TrueCapture, NX Navigator, and NX Global Services.
Yes, Nextracker is publicly traded on NASDAQ under the ticker symbol NXT.
Nextracker has made 5 acquisitions, including Bentek, BrightBox Technologies, and Nextracker.
Nextracker has 6 investors. Key investors include Tennenbaum Capital Partners, Flextronics, SJF Ventures, Sigma Partners, and DBL Partners.