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
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nextracker Inc.
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Annual Revenue
$2.96 B18.38as on Mar 31, 2024
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Net Profit
$509.17 M66.26as on Mar 31, 2024
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EBITDA
$652.52 M10.32as on Mar 31, 2024
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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. 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.
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.
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $10.5M
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First Round
First Round
(21 Feb 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Series C - Nextracker | Valuation |
investors |
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| Dec, 2014 | Amount | Series B - Nextracker | Valuation | SJF Ventures | |
| Feb, 2014 | Amount | Series A - Nextracker | 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 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. 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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Impact venture capital is invested in early-stage US companies.
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Founded Year | Domain | Location | |
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Early-stage VC investments are made in US, Canada, and Asia.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors.
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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 Nextracker
Nextracker has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Bentek, BrightBox Technologies and Nextracker. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| 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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2019 | ||||
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Solar energy projects are developed by Ojjo since 2018.
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2018 | ||||
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Solar energy projects are developed and managed internationally.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nextracker
| 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 |
Nextracker Comparisons
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. 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 tracking technology solutions provider
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| domain | founded_year | HQ Location |
Developer of solar panels with energy yield
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| domain | founded_year | HQ Location |
Dual-axis solar tracking systems are developed for power optimization.
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| domain | founded_year | HQ Location |
All-terrain solar trackers are supplied for uneven landscapes.
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| domain | founded_year | HQ Location |
Produces solar trackers and smart controllers for renewable energy projects worldwide.
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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 Nextracker
Frequently Asked Questions about Nextracker
When was Nextracker founded?
Nextracker was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Nextracker located?
Nextracker is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Who is the current CEO of Nextracker?
Dan Shugar is the current CEO of Nextracker. They have also founded this company.
Is Nextracker a funded 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 21, 2014.
How many employees does Nextracker have?
As of Mar 31, 2024, the latest employee count at Nextracker is 1,300.
What is the annual revenue of Nextracker?
Annual revenue of Nextracker is $2.96B as on Mar 31, 2024.
What does Nextracker do?
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.
Who are the top competitors of Nextracker?
Nextracker's top competitors include Helioslite, Renkube and Sys3E Technologies.
What products or services does Nextracker offer?
Nextracker offers NX Horizon, TrueCapture, NX Navigator, and NX Global Services.
Is Nextracker publicly traded?
Yes, Nextracker is publicly traded on NASDAQ under the ticker symbol NXT.
How many acquisitions has Nextracker made?
Nextracker has made 5 acquisitions, including Bentek, BrightBox Technologies, and Nextracker.
Who are Nextracker's investors?
Nextracker has 6 investors. Key investors include Tennenbaum Capital Partners, Flextronics, SJF Ventures, Sigma Partners, and DBL Partners.
What is Nextracker's ticker symbol?
The ticker symbol of Nextracker is NXT on NASDAQ.
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