About solarcity
solarcity is a company based in Auckland (New Zealand) founded in 2012 by Andrew Booth. It operates as a Subscription. solarcity has raised $4.41 million across 1 funding round from investors including Pencarrow Private Equity. solarcity offers products and services including Energy Service Agreement. solarcity operates in a competitive market with competitors including ISun Energy, E3 / DC, Smartflower, PESS ENERGY and BlueVolt, among others.
- Headquarter Auckland, New Zealand
- Founders Andrew Booth
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Solarzero Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.41 M (USD)
in 1 rounds
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Latest Funding Round
$4.41 M (USD), Series A
Jul 11, 2014
- Investors
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Employee Count
Employee Count
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Products & Services of solarcity
solarcity offers a comprehensive portfolio of products and services, including Energy Service Agreement. 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.
Provides residential solar and storage with no costs and performance guarantees.
Funding Insights of solarcity
solarcity has successfully raised a total of $4.41M through 1 strategic funding round. The most recent funding activity was a Series A round of $4.41 million completed in July 2014. 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 1
- Last Round Series A — $4.4M
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First Round
First Round
(11 Jul 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2014 | Amount | Series A - solarcity | Valuation | Pencarrow Private Equity |
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| 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 solarcity
solarcity has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Pencarrow Private Equity. 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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Private equity investments are managed for mid-sized New Zealand businesses.
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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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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 solarcity
| 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 - solarcity
| 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 |
Solarcity Comparisons
Competitors of solarcity
solarcity 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 ISun Energy, E3 / DC, Smartflower, PESS ENERGY and BlueVolt, 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 |
Smart solar canopies and carports are provided by ISun Energy.
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| domain | founded_year | HQ Location |
Comprehensive energy technologies are provided for residential and commercial sectors.
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| domain | founded_year | HQ Location |
IoT-enabled retractable solar panels are supplied for energy needs.
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| domain | founded_year | HQ Location |
Manufactures zero-emission electric generators for professional sectors in France.
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| domain | founded_year | HQ Location |
Solar-based generators are provided with plug-and-play setup and power monitoring.
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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 Solarcity
Frequently Asked Questions about solarcity
When was solarcity founded?
solarcity was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is solarcity located?
solarcity is headquartered in Auckland, New Zealand.
Who is the current CEO of solarcity?
Andrew Booth is the current CEO of solarcity. They have also founded this company.
Is solarcity a funded company?
solarcity is a funded company, having raised a total of $4.41M across 1 funding round to date. The company's 1st funding round was a Series A of $4.41M, raised on Jul 11, 2014.
What does solarcity do?
SolarZero delivers a groundbreaking clean energy subscription that includes residential solar panels and energy storage without hardware or finance costs. Customers benefit from long-term Energy Service Agreements, providing energy security, predictability, and monitoring for optimal performance. Based in New Zealand, it serves 15,000 customers by reducing grid reliance, emissions, and costs through renewable energy solutions and guarantees.
Who are the top competitors of solarcity?
solarcity's top competitors include ISun Energy, Smartflower and E3 / DC.
What products or services does solarcity offer?
solarcity offers Energy Service Agreement.
Who are solarcity's investors?
solarcity has 1 investor. Key investors include Pencarrow Private Equity.
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