About Nextracker
Nextracker is a company based in Fremont (United States) founded in 2013 by Marco Miller, Marco Garcia, Alexander Au, Dan Shugar, and Mike Mehawich was acquired by Flextronics in September 2015. 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 as of March 31, 2024. Nextracker has completed 5 acquisitions, including Bentek, BrightBox Technologies and Nextracker. Nextracker offers products and services including NX Horizon, TrueCapture, NX Navigator, and NX Global Services. Nextracker operates in a competitive market with competitors including Ideematec, Renkube, Helioslite, Nevados and PVH, among others.
- Headquarter Fremont, United States
- Employees 1300 as on 31 Mar, 2024
- Founders Marco Miller, Marco Garcia, Alexander Au, Dan Shugar, Mike Mehawich
- Stage Public
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Nextracker Inc.
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Annual Revenue
$2.96 B (USD)18.38as on Mar 31, 2025
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Net Profit
$509.17 M (USD)66.26as on Mar 31, 2025
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EBITDA
$652.52 M (USD)10.32as on Mar 31, 2025
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Total Equity Funding
$42.63 M (USD)
in 3 rounds
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Latest Funding Round
$10.52 M (USD), Series C
Jun 17, 2015
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Investors
Tennenbaum Capital Partners
& 5 more
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Employee Count
1300
as on Mar 31, 2024
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Investments & Acquisitions
Bentek
& 4 more
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Acquired by
Flextronics
(Sep 08, 2015)
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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.
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.
People of Nextracker
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Software Development Team
34 people
Sales and Marketing
30 people
Leadership Team
25 people
Finance and Accounting
13 people
Creative and Marketing Team
12 people
Product Management Team
12 people
Logistics Team
11 people
Senior Team
10 people
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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.
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.
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Impact venture capital is invested in early-stage US companies.
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Early-stage VC investments are made in US, Canada, and Asia.
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Venture capital investments are directed toward multiple sectors.
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Investor details for Nextracker
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Nextracker
Nextracker has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Bentek, BrightBox Technologies and Nextracker.
Investment portfolio details for Nextracker
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Produces steel frames for solar panels in utility, commercial, and residential markets.
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Solar energy projects are developed by Ojjo since 2018.
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Solar energy projects are developed and managed internationally.
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Locked | Locked | 2017 | Locked |
Complete acquisition details for Nextracker
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- Transaction dates
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- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Nextracker
Detailed financials for Nextracker
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- Profit trends
- Statement rows
- Financial ratios
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Nextracker Comparisons
Peer comparison for Nextracker
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Nextracker
Nextracker 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 Ideematec, Renkube, Helioslite, Nevados and PVH, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Solar tracking technology solutions provider
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Developer of solar panels with energy yield
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Dual-axis solar tracking systems are developed for power optimization.
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All-terrain solar trackers are supplied for uneven landscapes.
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Produces solar trackers and smart controllers for renewable energy projects worldwide.
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Detailed competitors of Nextracker
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Nextracker
Complete news archive for Nextracker
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 current CEO of Nextracker. They have also founded this company.
Nextracker is a funded company, having raised a total of $42.63M across 3 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Nextracker is 1,300.
Annual revenue of Nextracker is $2.96B as on Mar 31, 2025.
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 Helioslite, Renkube and Sys3E Technologies.
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.
The ticker symbol of Nextracker is NXT on NASDAQ.