About PosiGen
PosiGen is a company based in New York (United States) founded in 2011.. PosiGen has raised $280.18 million across 13 funding rounds from investors including Goldman Sachs, ImpactAssets and Brookfield Asset Management. PosiGen has completed 1 acquisition, including New England Conservation Services. PosiGen offers products and services including Solar Panel Leasing, Energy Efficiency Audits, and Solar Battery. PosiGen operates in a competitive market with competitors including SolarCity, Sunnova, SolarSquare, Sunlight Financial and M Kopa, among others.
- Headquarter New York, United States
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Sectors
Financial ServicesEnergy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Posigen, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$280.18 M (USD)
in 13 rounds
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Latest Funding Round
$150 M (USD), Debt – Conventional
May 17, 2024
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Investors
Goldman Sachs
& 18 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of PosiGen
PosiGen offers a comprehensive portfolio of products and services, including Solar Panel Leasing, Energy Efficiency Audits, and Solar Battery. 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.
Leasing programs for solar panels to lower energy costs.
Audits to identify ways to reduce home energy consumption.
Batteries for storing solar energy for later use.
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Funding Insights of PosiGen
PosiGen has successfully raised a total of $280.18M across 13 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $150 million completed in May 2024. 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 13
- Last Round Debt – Conventional — $150.0M
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First Round
First Round
(15 Sep 2014)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Debt – Conventional - PosiGen | Valuation |
investors |
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| Aug, 2023 | Amount | Debt – Conventional - PosiGen | Valuation |
investors |
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| Jan, 2022 | Amount | Series E - PosiGen | Valuation | Magnetar |
| 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 PosiGen
PosiGen has secured backing from 19 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, ImpactAssets and Brookfield Asset Management. 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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Focus is placed on real estate and renewable energy investments.
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Founded Year | Domain | Location | |
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Magnetar Capital is engaged in alternative asset management.
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Founded Year | Domain | Location | |
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Builders Fund is focused on impact-driven investments for sustainability.
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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 PosiGen
PosiGen has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include New England Conservation Services. 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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LED lighting products are supplied for energy conservation efforts.
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2008 |
| 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 - PosiGen
| 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 |
Posigen Comparisons
Competitors of PosiGen
PosiGen 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 SolarCity, Sunnova, SolarSquare, Sunlight Financial and M Kopa, 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 power systems are designed, financed, and installed for clients.
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| domain | founded_year | HQ Location |
Solar services are provided to residential and commercial customers.
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| domain | founded_year | HQ Location |
Provider of solar panel installation services
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| domain | founded_year | HQ Location |
Loans for residential solar systems are financed for homeowners.
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| domain | founded_year | HQ Location |
Affordable solar power is provided to households in Kenya.
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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 Posigen
Frequently Asked Questions about PosiGen
When was PosiGen founded?
PosiGen was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is PosiGen located?
PosiGen is headquartered in New York, United States. It is registered at New York, New York, United States.
Is PosiGen a funded company?
PosiGen is a funded company, having raised a total of $280.18M across 13 funding rounds to date. The company's 1st funding round was a Series E of $100M, raised on Sep 15, 2014.
What does PosiGen do?
PosiGen was founded in 2011 and is headquartered in New York, United States. Operations are focused on the renewable energy sector, where solar panel installations and related energy solutions are delivered to enterprise clients. Services encompass system design, implementation, and maintenance to support sustainable power generation. The company serves businesses across various industries, emphasizing efficient solar adoption in urban and regional markets.
Who are the top competitors of PosiGen?
What products or services does PosiGen offer?
PosiGen offers Solar Panel Leasing, Energy Efficiency Audits, and Solar Battery.
How many acquisitions has PosiGen made?
PosiGen has made 1 acquisition, including New England Conservation Services.
Who are PosiGen's investors?
PosiGen has 19 investors. Key investors include Goldman Sachs, ImpactAssets, Brookfield Asset Management, Irradiant, and Inclusive Prosperity Capital.
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