About SolarCity
SolarCity is a company based in San Mateo (United States) founded in 2006 was acquired by Tesla in July 2016.. 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. SolarCity operates in a competitive market with competitors including Sunrun, Sunnova, SunPower, Vivint Solar and SolarSquare, among others.
- Headquarter San Mateo, United States
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Solarcity Corp
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Annual Revenue
$730.34 M83as on Dec 31, 2016
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Net Profit
$238.77 M509as on Dec 31, 2016
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EBITDA
$-650.34 M0as on Dec 31, 2016
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Total Equity Funding
$1.28 B (USD)
in 27 rounds
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Latest Funding Round
$305 M (USD), Post-IPO
Sep 12, 2016
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Investors
Google
& 18 more
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Employee Count
Employee Count
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Investments & Acquisitions
Building Solutions
& 3 more
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Acquired by
Tesla
(Jul 22, 2016)
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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 Total Funding
- Total Rounds 27
- Last Round Post-IPO — $305.0M
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First Round
First Round
(15 Sep 2006)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Post-IPO - SolarCity | Valuation |
investors |
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| Jul, 2016 | Amount | Post-IPO - SolarCity | Valuation |
investors |
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| May, 2016 | Amount | Post-IPO - SolarCity | 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 SolarCity
SolarCity has secured backing from 19 investors, including institutional and venture fund investors. Prominent investors backing the company include Google, Citi and Tesla. 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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Technology investing and private equity firm focused on partnerships.
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Founded Year | Domain | Location | |
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Investments are directed toward innovative technology startups by DFJ Growth.
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Founded Year | Domain | Location | |
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A sustainable initiative for Hawai‘i’s resilience is supported.
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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
|
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.
|
Founded Year | Domain | Location |
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. 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
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Distributor of building material
|
2010 | ||||
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Developer of solar energy projects
|
2009 | ||||
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Integrated PV mounting systems are provided for solar module integration.
|
2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - SolarCity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 Sunrun, Sunnova, SunPower, Vivint Solar and SolarSquare, 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 energy services are provided to residential customers nationwide.
|
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| domain | founded_year | HQ Location |
Solar services are provided to residential and commercial customers.
|
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| domain | founded_year | HQ Location |
Silicon-based solar PV modules are manufactured for diverse applications.
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| domain | founded_year | HQ Location |
Provider of solar installation and designing services for residential
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| domain | founded_year | HQ Location |
Provider of solar panel installation services
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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.
|
Latest news on Solarcity
Frequently Asked Questions about SolarCity
When was SolarCity founded?
SolarCity was founded in 2006.
Where is SolarCity located?
SolarCity is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Is SolarCity a funded company?
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 $227M, raised on Sep 15, 2006.
What is the annual revenue of SolarCity?
Annual revenue of SolarCity is $730.34M as on Dec 31, 2016.
What does SolarCity do?
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.
Who are the top competitors of SolarCity?
How many acquisitions has SolarCity made?
SolarCity has made 4 acquisitions, including Building Solutions, Paramount Solar, and Silevo.
Who are SolarCity's investors?
SolarCity has 19 investors. Key investors include Google, Citi, Tesla, Deutsche Bank, and First Solar.
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