About SolarBank
SolarBank is a company based in Toronto (Canada) founded in 2013.. SolarBank has completed 1 acquisition, including Solar Flow. SolarBank offers products and services including Solar Project Development and Solar Plant Operation. SolarBank operates in a competitive market with competitors including Jade Power, Baseload Power, Saturn Power, SolarSteam and NU-E Corp, among others.
- Headquarter Toronto, Canada
- 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
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- Legal Name Powerbank Corporation
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Annual Revenue
$30.37 M (USD)-28.86as on Jun 30, 2025
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Net Profit
$-22.7 M (USD)-793.56as on Jun 30, 2025
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EBITDA
$-2.65 M (USD)-173.69as on Jun 30, 2025
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Latest Funding Round
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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IPO & Listings of SolarBank
SolarBank is a publicly listed company on the NEO with ticker symbol SUNN in Canada, operating in the Utilities 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 SolarBank
SolarBank offers a comprehensive portfolio of products and services, including Solar Project Development and Solar Plant Operation. 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.
Develops solar projects for commercial and utility sectors
Operates and maintains solar facilities for optimal performance
Funding Insights of SolarBank
| 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 |
Investments & Acquisitions by SolarBank
SolarBank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Solar Flow. 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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Solar PV projects are developed and operated in Ontario.
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2012 |
| 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 - SolarBank
| 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 |
Solarbank Comparisons
Competitors of SolarBank
SolarBank 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 Jade Power, Baseload Power, Saturn Power, SolarSteam and NU-E Corp, 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 and wind energy projects are developed in renewable sector.
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| domain | founded_year | HQ Location |
Company focused on developing and delivering clean energy solutions through various projects
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| domain | founded_year | HQ Location |
Solar energy projects are developed by Saturn Power in Canada.
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| domain | founded_year | HQ Location |
Solar energy projects are developed by SolarSteam in Canada.
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| domain | founded_year | HQ Location |
Utility-scale solar power projects are developed by NU-E Corp.
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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 Solarbank
Frequently Asked Questions about SolarBank
When was SolarBank founded?
SolarBank was founded in 2013.
Where is SolarBank located?
SolarBank is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of SolarBank?
Richard Lu is the current CEO of SolarBank.
What is the annual revenue of SolarBank?
Annual revenue of SolarBank is $30.37M as on Jun 30, 2025.
What does SolarBank do?
SolarBank was founded in 2013 and is headquartered in Toronto, Canada. Operations are centered in the renewable energy sector, with a focus on the development of utility-scale solar power farms. Projects are managed to support large-scale solar energy production. The company is led by CEO Richard Lu, and its online presence is maintained through solarbankcorp.com. Activities are conducted primarily in North America.
Who are the top competitors of SolarBank?
SolarBank's top competitors include NU-E Corp, Jade Power and Saturn Power.
What products or services does SolarBank offer?
SolarBank offers Solar Project Development and Solar Plant Operation.
Is SolarBank publicly traded?
Yes, SolarBank is publicly traded on NEO under the ticker symbol SUNN.
How many acquisitions has SolarBank made?
SolarBank has made 1 acquisition, including Solar Flow.
What is SolarBank's ticker symbol?
The ticker symbol of SolarBank is SUNN on NEO.