About Project Solar
Project Solar is a company based in Lehi (United States) founded in 2020 by Matthew Smith and Trevor Hiltbrand.. Project Solar has raised $23 million across 3 funding rounds from investors including Left Lane Capital and Frazier Group. Project Solar offers products and services including Full Service Install, DIY Kit, and Lease-to-Own. Project Solar operates in a competitive market with competitors including EasyOZE, Sun Qualify and Solar Analyzer, among others.
- Headquarter Lehi, United States
- Founders Matthew Smith, Trevor Hiltbrand
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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 Project Solar, 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
$23 M (USD)
in 3 rounds
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Latest Funding Round
$23 M (USD), Series A
Jun 16, 2022
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Investors
Left Lane Capital
& 1 more
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Employee Count
Employee Count
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Products & Services of Project Solar
Project Solar offers a comprehensive portfolio of products and services, including Full Service Install, DIY Kit, and Lease-to-Own. 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.
Professional turnkey solar system setup with equipment and warranties.
Self-install solar panels with permits, engineering, and support included.
No upfront payment plan for solar with fixed costs and buy option.
Funding Insights of Project Solar
Project Solar has successfully raised a total of $23M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $23 million completed in June 2022. 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 A — $23.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - Project Solar | Valuation | Left Lane |
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| Oct, 2021 | Amount | Series A - Project Solar | Valuation |
investors |
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| Jul, 2021 | Amount | Series A - Project Solar | 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 Project Solar
Project Solar has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Left Lane Capital and Frazier Group. 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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Investments are directed toward high-growth consumer and internet technology companies.
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Founded Year | Domain | Location | |
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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 Project Solar
| 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 |
Financial Statements - Project Solar
| 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 |
Project Solar Comparisons
Competitors of Project Solar
Project Solar 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 EasyOZE, Sun Qualify and Solar Analyzer, 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 |
Sells and installs photovoltaic systems, heat pumps, and energy storage for sustainability.
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| domain | founded_year | HQ Location |
Delivers an AI and satellite-driven tool for estimating solar energy savings.
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| domain | founded_year | HQ Location |
Provides online tools for solar potential estimates and savings reports.
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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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Frequently Asked Questions about Project Solar
When was Project Solar founded?
Project Solar was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Project Solar located?
Project Solar is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Who is the current CEO of Project Solar?
Trevor Hiltbrand is the current CEO of Project Solar. They have also founded this company.
Is Project Solar a funded company?
Project Solar is a funded company, having raised a total of $23M across 3 funding rounds to date.
What does Project Solar do?
Project Solar was founded in 2020 and is headquartered in Lehi, United States. An AI-based platform is operated to analyze roof and energy data, enabling the generation of customized solar proposals. Services focus on the renewable energy sector, supporting design and simulation processes for solar installations. Operations are centered on technology-driven solutions for efficient solar project planning.
Who are the top competitors of Project Solar?
Project Solar's top competitors include EasyOZE, Sun Qualify and Solar Analyzer.
What products or services does Project Solar offer?
Project Solar offers Full Service Install, DIY Kit, and Lease-to-Own.
Who are Project Solar's investors?
Project Solar has 2 investors. Key investors include Left Lane Capital, and Frazier Group.