About Palmetto
Palmetto is a company based in Charleston (United States) founded in 2009 by Christopher Kemper. Palmetto has raised $670.36 million across 14 funding rounds from investors including Truist, Morgan Stanley and Social Capital. Palmetto offers products and services including Solar Panels, HVAC Energy Advisor, Retail Energy Plans, LightReach Solar Lease, and Energy Intelligence API. Palmetto operates in a competitive market with competitors including neoom, UrbanVolt, Solteo, Norwich Technologies and Unisolar Power, among others.
- Headquarter Charleston, United States
- Founders Christopher Kemper
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Sectors
Energy & Utilities
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Email
Locked
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Phone
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Website
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Social
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- Legal Name Palmetto Solar, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$670.36 M (USD)
in 14 rounds
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Latest Funding Round
$1.2 B (USD), Debt – Conventional
Jan 17, 2025
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Investors
Truist
& 16 more
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Employee Count
Not available
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Products & Services of Palmetto
Palmetto offers a comprehensive portfolio of products and services, including Solar Panels, HVAC Energy Advisor, Retail Energy Plans, LightReach Solar Lease, and Energy Intelligence API.
Service for purchasing and installing solar panels to reduce home energy costs.
Tool for optimizing home heating and cooling systems for efficiency.
Plans for energy subscriptions and comparisons to lower utility bills.
Lease option for solar systems without maintenance or installation costs.
API for businesses to integrate energy data and optimize operations.
People of Palmetto
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Funding Insights of Palmetto
Palmetto has successfully raised a total of $670.36M across 14 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.2 billion completed in January 2025. 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 Palmetto
Palmetto has secured backing from 17 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Truist, Morgan Stanley and Social Capital.
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Sector-agnostic VC investment company investing globally
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US focused VC firm investing in seed & growth stage companies
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Venture capital firm focused on multiple sectors
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Investor details for Palmetto
Investor domains, locations, round participation, and complete history require an active premium plan.
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Palmetto
Investment portfolio details for Palmetto
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Financial Statements - Palmetto
Detailed financials for Palmetto
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- Profit trends
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Palmetto Comparisons
Peer comparison for Palmetto
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of Palmetto
Palmetto 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 neoom, UrbanVolt, Solteo, Norwich Technologies and Unisolar Power, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Solar-based power generation and management solutions are provided.
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Offers lighting as a service solutions
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Solar energy project portfolios are managed via SaaS software.
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Solar energy is generated by a passive snow shredder device.
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Provides solar energy solutions, including rooftop installations for residential and commercial customers.
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Detailed competitors of Palmetto
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Latest news on Palmetto
Complete news archive for Palmetto
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Frequently Asked Questions about Palmetto
Palmetto was founded in 2009 and raised its 1st funding round 9 years after it was founded.
Palmetto is headquartered in Charleston, United States. It is registered at Charleston, South Carolina, United States.
Christopher Kemper is the current CEO of Palmetto. They have also founded this company.
Palmetto is a funded company, having raised a total of $670.36M across 14 funding rounds to date.
Palmetto was founded in 2009 in Charleston, United States, and operates in the solar energy sector. Comprehensive solar services are delivered to residential and commercial clients, including lease and purchase options for solar installations. Technology solutions are offered to support reduced dependence on traditional energy systems, with operations focused on the U.S. market.
Palmetto offers Solar Panels, HVAC Energy Advisor, Retail Energy Plans, LightReach Solar Lease, and Energy Intelligence API.
Palmetto has 17 investors. Key investors include Truist, Morgan Stanley, Social Capital, Lerer Hippeau, and The Rise Fund.