About SunPower
SunPower is a company based in San Jose (United States) founded in 1985 by Richard Crane, Jahi McClendon, and Richard Swanson. It operates as a Direct-to-Consumer (D2C), and Product-as-a-Service. SunPower has raised $171.73 million across 12 funding rounds from investors including TotalEnergies, DOE and Cypress Semiconductor. The company has 600 employees as of December 31, 2024. SunPower has completed 10 acquisitions, including Blue Raven Solar, Cogenra and DFly Systems. SunPower offers products and services including Residential Solar Systems and Solar Battery Storage. SunPower operates in a competitive market with competitors including Amprius Technologies, Enovix, Northvolt, Verkor and Redback Technologies, among others.
- Headquarter San Jose, United States
- Employees 600 as on 31 Dec, 2024
- Founders Richard Crane, Jahi McClendon, Richard Swanson
- Stage Public
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Sectors
Energy & UtilitiesTechnology
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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 Complete Solaria, Inc.
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Annual Revenue
$108.74 M24.11as on Dec 31, 2024
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Net Profit
$-56.45 M53.75as on Dec 31, 2024
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EBITDA
$-65.77 M-27.89as on Dec 31, 2024
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Total Equity Funding
$171.73 M (USD)
in 12 rounds
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Latest Funding Round
$1.2 M (USD), Grant
Jul 12, 2017
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Investors
TotalEnergies
& 3 more
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Employee Count
600
as on Dec 31, 2024
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Investments & Acquisitions
Blue Raven Solar
& 9 more
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IPO & Listings of SunPower
SunPower is a publicly listed company on the NASDAQ with ticker symbol SPWR in USA, operating in the Industrial services 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 SunPower
SunPower offers a comprehensive portfolio of products and services, including Residential Solar Systems and Solar Battery Storage. 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.
Solar systems are installed for residential energy independence.
Battery storage is provided for energy backup solutions.
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Funding Insights of SunPower
SunPower has successfully raised a total of $171.73M across 12 strategic funding rounds. The most recent funding activity was a Grant round of $1.2 million completed in July 2017. 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 12
- Last Round Grant — $1.2M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Grant - SunPower | Valuation |
investors |
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| Nov, 2015 | Amount | Grant - SunPower | Valuation |
investors |
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| Jun, 2014 | Amount | Debt – Convertible - SunPower | 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 SunPower
SunPower has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include TotalEnergies, DOE and Cypress Semiconductor. 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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TotalEnergies is engaged in producing and marketing multi-energy solutions.
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Founded Year | Domain | Location | |
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Energy sources and policies are managed by the DOE.
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Founded Year | Domain | Location | |
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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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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.
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Founded Year | Domain | Location |
Investments & Acquisitions by SunPower
SunPower has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Blue Raven Solar, Cogenra and DFly Systems. 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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Financing solutions for solar projects are provided by the company.
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2015 | ||||
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Residential solar installations are provided with zero upfront costs.
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2014 | ||||
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Power electronics for solar cell junction boxes were developed.
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2013 |
| 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 - SunPower
| 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 |
Sunpower Comparisons
Competitors of SunPower
SunPower 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 Amprius Technologies, Enovix, Northvolt, Verkor and Redback Technologies, 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 |
Silicon nanowire-based Li-Ion batteries are developed for high energy density.
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| domain | founded_year | HQ Location |
Lithium-ion battery cells are developed with 3D silicon anode technology.
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| domain | founded_year | HQ Location |
Lithium-ion batteries for electric vehicles are manufactured and optimized.
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| domain | founded_year | HQ Location |
Lithium-ion batteries are manufactured for electric vehicles and storage.
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| domain | founded_year | HQ Location |
Developer of solar power packs for home
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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 Sunpower
Frequently Asked Questions about SunPower
When was SunPower founded?
SunPower was founded in 1985 and raised its 1st funding round 5 years after it was founded.
Where is SunPower located?
SunPower is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Who is the current CEO of SunPower?
Jahi McClendon is the current CEO of SunPower. They have also founded this company.
Is SunPower a funded company?
SunPower is a funded company, having raised a total of $171.73M across 12 funding rounds to date. The company's 1st funding round was a Debt – Convertible of $400M, raised on Jun 01, 1990.
How many employees does SunPower have?
As of Dec 31, 2024, the latest employee count at SunPower is 600.
What is the annual revenue of SunPower?
Annual revenue of SunPower is $108.74M as on Dec 31, 2024.
What does SunPower do?
SunPower is focused on delivering solar energy solutions for residential and commercial properties. High-efficiency solar panels and battery storage systems are offered to enhance energy independence and reduce carbon emissions. Custom solutions are provided to meet unique needs of homes and businesses. The company operates in the renewable energy sector, emphasizing sustainable and smart energy ecosystems. Support is extended from consultation through installation, backed by industry-leading warranties.
Who are the top competitors of SunPower?
SunPower's top competitors include Enovix, Northvolt and Amprius Technologies.
What products or services does SunPower offer?
SunPower offers Residential Solar Systems and Solar Battery Storage.
Is SunPower publicly traded?
Yes, SunPower is publicly traded on NASDAQ under the ticker symbol SPWR.
How many acquisitions has SunPower made?
SunPower has made 10 acquisitions, including Blue Raven Solar, Cogenra, and DFly Systems.
Who are SunPower's investors?
SunPower has 4 investors. Key investors include TotalEnergies, DOE, Cypress Semiconductor, and CSI RD&D.
What is SunPower's ticker symbol?
The ticker symbol of SunPower is SPWR on NASDAQ.
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