About PVcase
PVcase is a company based in Kaunas (Lithuania) founded in 2017 by Douglas Geist and David Trainavicius.. PVcase has raised $123.52 million across 4 funding rounds from investors including European Union, Highland Europe and Elephant Elephant. PVcase has completed 1 acquisition, including Anderson Optimization. PVcase offers products and services including PVcase Prospect, PVcase Ground Mount, PVcase Roof Mount, and PVcase Yield. PVcase operates in a competitive market with competitors including Aurora Solar, OpenSolar, Solar Ladder, RatedPower and Solar monkey, among others.
- Headquarter Kaunas, Lithuania
- Founders Douglas Geist, David Trainavicius
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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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$123.52 M (USD)
in 4 rounds
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Latest Funding Round
$100 M (USD), Series B
Jul 17, 2023
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Investors
European Union
& 5 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of PVcase
PVcase offers a comprehensive portfolio of products and services, including PVcase Prospect, PVcase Ground Mount, PVcase Roof Mount, and PVcase Yield. 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.
Automates parcel search and buildable area analysis for solar sites.
Plans and optimizes utility-scale solar PV systems efficiently.
Accelerates commercial rooftop solar design processes accurately.
Estimates photovoltaic power plant performance with precision.
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Sales and Marketing
31 people
Software Development Team
19 people
Product Management Team
12 people
Human Resources and Administration
6 people
Leadership Team
5 people
Legal and Compliance
4 people
Finance and Accounting
3 people
Head Team
3 people
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Funding Insights of PVcase
PVcase has successfully raised a total of $123.52M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $100 million completed in July 2023. 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 4
- Last Round Series B — $100.0M
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First Round
First Round
(03 Oct 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2023 | Amount | Series B - PVcase | Valuation | Highland Europe , Energize Capital | |
| Oct, 2021 | Amount | Series A - PVcase | Valuation | Elephant Venture Capital | |
| Sep, 2020 | Amount | Grant - PVcase | 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 PVcase
PVcase has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Highland Europe and Elephant Elephant. 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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Growth-stage consumer and enterprise technology companies are funded.
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Founded Year | Domain | Location | |
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Venture capital firm dealing with enterprise software, consumer internet, and mobile markets.
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Founded Year | Domain | Location | |
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Venture capital is provided for climate software and sustainable innovations.
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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 PVcase
PVcase has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Anderson Optimization. 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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Software solutions for solar project development are provided.
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2016 |
| 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 - PVcase
| 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 |
Pvcase Comparisons
Competitors of PVcase
PVcase 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 Aurora Solar, OpenSolar, Solar Ladder, RatedPower and Solar monkey, 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 |
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| domain | founded_year | HQ Location |
AI-powered software for solar design and sales is utilized.
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| domain | founded_year | HQ Location |
Solar design and sales are enabled via a cloud-based platform.
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| domain | founded_year | HQ Location |
Solar sales and design software solutions are provided.
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| domain | founded_year | HQ Location |
SaaS-driven solar sales and design software solutions are provided.
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| domain | founded_year | HQ Location |
Software for solar system design and yield calculation is provided.
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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 Pvcase
Frequently Asked Questions about PVcase
When was PVcase founded?
PVcase was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is PVcase located?
PVcase is headquartered in Kaunas, Lithuania.
Who is the current CEO of PVcase?
David Trainavicius is the current CEO of PVcase. They have also founded this company.
Is PVcase a funded company?
PVcase is a funded company, having raised a total of $123.52M across 4 funding rounds to date. The company's 1st funding round was a Grant of $268.11K, raised on Oct 03, 2018.
What does PVcase do?
PVcase was founded in 2017 in Kaunas, Lithuania, as a provider of software for solar sales and design. Solutions are offered that automate 3D terrain modeling based on solar engineering principles. Key features include topographical PV layouts, material bill reports, custom single-axis tracking frames, and automated 3D cabling for topographical sites. Operations focus on the renewable energy sector, supporting solar project planning and execution globally.
Who are the top competitors of PVcase?
PVcase's top competitors include Aurora Solar, OpenSolar and Angaza.
What products or services does PVcase offer?
PVcase offers PVcase Prospect, PVcase Ground Mount, PVcase Roof Mount, and PVcase Yield.
How many acquisitions has PVcase made?
PVcase has made 1 acquisition, including Anderson Optimization.
Who are PVcase's investors?
PVcase has 6 investors. Key investors include European Union, Highland Europe, Elephant Elephant, Energize Capital, and Contrarian Ventures.
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