About Solcast
Solcast is a company based in Sydney (Australia) founded in 2016 was acquired by DNV in February 2023.. Solcast offers products and services including Solar API and Historical and TMY Data. Solcast operates in a competitive market with competitors including Terabase, Reuniwatt, Charge Robotics, Enfor and SteadySun, among others.
- Headquarter Sydney, Australia
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Sectors
TechnologyEnergy & 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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Products & Services of Solcast
Solcast offers a comprehensive portfolio of products and services, including Solar API and Historical and TMY Data. 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.
API for accessing solar irradiance and forecast data globally.
Provides historical solar data for resource assessment and modeling.
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Funding Insights of Solcast
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Solcast
Solcast has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include DNV. 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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Offshore classification, training, advisory, and analytics services are provided.
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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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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Solcast
| 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 - Solcast
| 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 |
Solcast Comparisons
Competitors of Solcast
Solcast 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 Terabase, Reuniwatt, Charge Robotics, Enfor and SteadySun, 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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Web-based platform for solar power plant optimization is developed.
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Solar photovoltaic power production forecasting is specialized in by Reuniwatt.
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Robots for solar farm construction are manufactured.
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Renewable energy forecasting solutions are developed for the energy sector.
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Weather forecasting solutions for solar energy generation are provided.
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Solar energy forecasting is delivered via AI and SaaS platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Solcast
Frequently Asked Questions about Solcast
When was Solcast founded?
Solcast was founded in 2016.
Where is Solcast located?
Solcast is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
What does Solcast do?
Solcast was founded in 2016 in Sydney, Australia, and operates in the renewable energy sector. APIs for solar forecasting are offered, covering products such as solar radiation estimates, rooftop PV predictions, grid aggregation, historical time series, and utility-scale wind forecasts. Data is collected from satellite imagery and actual PV measurements, with updates occurring every 5 to 15 minutes.
Who are the top competitors of Solcast?
Solcast's top competitors include Terabase, Charge Robotics and Reuniwatt.
What products or services does Solcast offer?
Solcast offers Solar API and Historical and TMY Data.
Who are Solcast's investors?
Solcast has 1 investor. Key investors include DNV.
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