About SolarCity
SolarCity is an Energy & Utilities company based in San Mateo (United States) founded in 2006, and was acquired by Tesla in July 2016. It operates as a solar power systems are designed, financed, and installed for clients. SolarCity has raised $1.28 billion across 27 funding rounds from investors including Google, Citi and Tesla. SolarCity has completed 4 acquisitions, including Building Solutions, Paramount Solar and Silevo. Its website solarcity.com draws about 12 thousand monthly visits. Its focus areas include Energy, Solar Energy, Solar-as-a-service and Full-end Services. Its legal entity is SOLARCITY CORP. Its competitors include Sunrun, Sunnova, SunPower, Vivint Solar and SolarSquare and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
SolarCity was founded in 2006 in San Mateo, United States, within the renewable energy sector. Solar power systems are designed, financed, installed, and monitored, alongside energy efficiency services, for homeowners, businesses, and government entities. Operations span Arizona, California, Colorado, Hawaii, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Texas, and Washington D.C.
- Headquarters San Mateo, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Website solarcity.com
- Social LinkedIn X Facebook
- Acquired by Tesla (Jul 2016)
- Legal Name Solarcity Corp
- Annual Revenue$730.34 M (USD)83as on Dec 31, 2016
- Net Profit$238.77 M (USD)509as on Dec 31, 2016
- EBITDA-$650.34 M (USD)0as on Dec 31, 2016
- Total Equity Funding$1.28B (USD)
in 27 rounds
- Latest Funding Round$305M (USD), Post-IPO
Sep 2016
- InvestorsGoogle
& 18 more
- Investments & AcquisitionsBuilding Solutions
& 3 more
- Acquired byTesla
(Jul 2016)
Funding Insights of SolarCity
SolarCity has successfully raised a total of $1.28B across 27 strategic funding rounds. The most recent funding activity was a Post-IPO round of $305 million completed in September 2016. 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 $1.28B
- Total Rounds 27
- Last Round Post-IPO — $305M
- First Round $10M
(Sep 2006)
- Investors Count 18
Latest 10 of 27 funding rounds of SolarCity with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2016 | $305M | Post-IPO | – | – | – |
| Jul 2016 | $345M | Post-IPO | – | – | – |
| May 2016 | $227M | Post-IPO | – | – | |
| Feb 2016 | $400,000 | Grant | – | – | – |
| Feb 2016 | $10M | Post-IPO | – | – | – |
| Nov 2015 | $100M | Post-IPO | – | – | |
| Sep 2015 | $400M | Post-IPO | – | – | – |
| May 2015 | $500M | Post-IPO | – | – | |
| Feb 2015 | $300M | Post-IPO | – | – | |
| May 2014 | $100M | Post-IPO | – | – |
19 investors in total: 19 institutional.
Investors in SolarCity
SolarCity has secured backing from 19 investors, including institutional and venture fund investors. Prominent investors backing the company include Google, Citi and Tesla.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Technology investing and private equity firm focused on partnerships. | – | silverlake.com | - | |
Investments are directed toward innovative technology startups by DFJ Growth. | – | dfjgrowth.com | Menlo Park, United States | |
A sustainable initiative for Hawai‘i’s resilience is supported. | 2009 | ulupono.com | Honolulu, United States | |
Sector-agnostic venture capital investments are made in technology companies. | 1994 | firsthandtvf.com | San Jose, United States | |
Private equity firm | – | valorep.com | Chicago, United States | |
Venture capital investments are directed toward multiple sectors. | – | dbl.vc | San Francisco, United States | |
Mayfield is focused on AI innovation and venture capital investments. | – | mayfield.com | Menlo Park, United States | |
US focused VC firm | – | dfj.com | Menlo Park, United States | |
Private equity firm focused on sustainable investments | – | generationim.com | London, United Kingdom | |
Offers life insurance products, investment advice, and retirement planning for individuals and businesses. | 1996 | johnhancock.com | Boston, United States |
Investor details for SolarCity
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People of SolarCity
144 people are tracked at SolarCity (25 in leadership, 8 in board & advisors, 111 in team).
| Name | Role | Group |
|---|---|---|
Nelson Wong | Director of FP&A & Business Operations | Leadership |
Gabrielle Bressack | Director of Finance & Business Operations | Leadership |
Elon Musk | CEO & Technoking | Leadership |
David Jon Feinstein | Senior Director, Global Trade & New Markets - Finance | Leadership |
Sendil Palani | Vice President, Finance | Leadership |
Mingming Liu | Head Of Global Tax Operation | Leadership |
Vaibhav Taneja | CFO | Leadership |
Lars Moravy | VP, Vehicle Engineering | Leadership |
Samuel Kim | Managing Counsel, Commercial | Leadership |
Aaron Langberg | Managing Counsel | Leadership |
Kate Buccieri | Managing Counsel | Leadership |
Travis Axelrod | Head Of Investor Relations | Leadership |
Paul Margulies | Managing Counsel, IP Litigation | Leadership |
Eric Mack | Director And Deputy General Counsel, Commercial | Leadership |
Charlie Haley | Director, Business Operations & Finance At Tesla | Leadership |
Meriem Allouch | Senior Director, EMEA Controller | Leadership |
Ralf Gomm | Director Of Engineering | Leadership |
Konstantinos Laskaris | Director Of Engineering | Leadership |
Barbara Decker-Schloegl | Managing Director Tesla Engineering Germany Gmbh | Leadership |
Dinna Eskin | Vp, Legal | Leadership |
124 more people are available in the full profile.
Complete people profiles for SolarCity
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Investments & Acquisitions by SolarCity
SolarCity has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Building Solutions, Paramount Solar and Silevo.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Advanced solar PV cells are manufactured using tunneling junction technology. | silevosolar.com | Fremont, United States | 2007 | Jun 2014 | $200M | |
Integrated PV mounting systems are provided for solar module integration. | zepsolar.com | San Rafael, United States | 2009 | Oct 2013 | $158M | |
Developer of solar energy projects | paramountsolar.com | Roseville, United States | 2009 | Aug 2013 | $120M | |
Distributor of building material | buildingsolutions.com | Redwood, United States | 2010 | May 2010 | •••• |
Complete acquisition details for SolarCity
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Timeline of SolarCity
9 dated milestones of SolarCity across 10 years, from founding to its latest funding, stage changes and deals.
- Founded SolarCity is founded.
- Funding First funding round of $10.0M.
- Acquisition Acquires Building Solutions.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Paramount Solar.
- Acquisition Acquires Zep Solar.
- Acquisition Acquires Silevo.
- Exit Acquired by Tesla.
- Funding Latest funding round, Post-IPO, of $305.0M.
Competitors of SolarCity
SolarCity has 8 listed competitors in our database, 7 of them funded. They include Sunrun, Sunnova, SunPower, Vivint Solar and SolarSquare, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sunrun.com | 2007 | San Francisco, United States | $296.98M | 8,360 | Solar energy services are provided to residential customers nationwide. | |
| sunnova.com | 2010 | Houston, United States | $1.54B | 644 | Solar services are provided to residential and commercial customers. | |
| sunpower.com | 1985 | San Jose, United States | $171.73M | 1,889 | Silicon-based solar PV modules are manufactured for diverse applications. | |
| vivintsolar.com | 2011 | Lehi, United States | – | 2,357 | Provider of solar installation and designing services for residential | |
| solarsquare.in | 2015 | Mumbai, India | $61.07M | 1,463 | Provider of solar panel installation services | |
| holaluz.com | 2010 | Barcelona, Spain | $4.33M | – | Power retailing company | |
| oorjasolutions.org | 2016 | Delhi, India | $2.51M | – | Solar-powered irrigation and tech services for farmers are provided. | |
| zunroof.com | 2016 | Gurugram, India | $17.97M | 73 | Provider of solar panel installation and O&M services |
Detailed competitors of SolarCity
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Web traffic of SolarCity
The website of SolarCity (solarcity.com) receives about 12.5K visits a month.
- Monthly visits12.5K
▼ 3.2% vs previous month
Websites whose visitors overlap most with SolarCity. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sungevity.com | 100% | – | – | View details | |
sunpowercorp.com | sunpowercorp.com | 100% | – | – | – |
en.wikipedia.org | en.wikipedia.org | 100% | – | – | – |
| nanosolar.com | 98% | – | – | View details | |
sunrunhome.com | sunrunhome.com | 97% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for SolarCity
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- 6 similar websites
- Audience overlap
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Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as SolarCity (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Related news about Solarcity
Complete news archive for SolarCity
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Frequently Asked Questions about SolarCity
SolarCity was founded in 2006.
SolarCity is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
SolarCity is a funded company, having raised a total of $1.28B across 27 funding rounds to date. The company's 1st funding round was a Post-IPO of $100M, raised on Sep 2006.
Annual revenue of SolarCity is $730.34M as on Dec 31, 2016.
SolarCity was founded in 2006 in San Mateo, United States, within the renewable energy sector. Solar power systems are designed, financed, installed, and monitored, alongside energy efficiency services, for homeowners, businesses, and government entities. Operations span Arizona, California, Colorado, Hawaii, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Texas, and Washington D.C.
SolarCity has made 4 acquisitions, including Building Solutions, Paramount Solar, and Silevo.
SolarCity has 19 investors. Key investors include Google, Citi, Tesla, Deutsche Bank, and First Solar.
SolarCity operates through Solarcity Corp.
Yes. SolarCity was acquired by Tesla in July 2016.