About Swift Solar
Swift Solar is a company based in Golden (United States) founded in 2017 by Tomas Leijtens, Joel Jean, Max Hoerantner, Sam Stranks, and Giles Eperon.. Swift Solar has raised $42.39 million across 5 funding rounds from investors including Eni Next, Leland Stanford Junior University and Good Growth Capital. The company has 19 employees as of December 31, 2021. Swift Solar offers products and services including Perovskite Solar Panels, Commercial Solar Solutions, Utility-Scale Solar, and Residential Solar. Swift Solar operates in a competitive market with competitors including Exeger, Ambient Photonics, First Solar, Oxford Photovoltaics and Alta Devices, among others.
- Headquarter Golden, United States
- Employees 19 as on 31 Dec, 2021
- Founders Tomas Leijtens, Joel Jean, Max Hoerantner, Sam Stranks, Giles Eperon
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Sectors
TechnologyEnergy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Swift Solar Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$42.39 M (USD)
in 5 rounds
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Latest Funding Round
$27 M (USD), Series A
Dec 06, 2023
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Investors
Eni Next
& 20 more
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Employee Count
19
as on Dec 31, 2021
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Products & Services of Swift Solar
Swift Solar offers a comprehensive portfolio of products and services, including Perovskite Solar Panels, Commercial Solar Solutions, Utility-Scale Solar, and Residential Solar. 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.
High-efficiency panels for energy generation in various applications
Solar products for business facilities to reduce costs
Scalable solar for profitable large projects
Efficient arrays for homes with shorter payback periods
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Funding Insights of Swift Solar
Swift Solar has successfully raised a total of $42.39M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $27 million completed in December 2023. 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 5
- Last Round Series A — $27.0M
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First Round
First Round
(19 Jun 2018)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series A - Swift Solar | Valuation | Eni Next , Fontinalis Partners | |
| Nov, 2020 | Amount | Series A - Swift Solar | Valuation | Good Growth Capital , Safar Partners | |
| Jul, 2019 | Amount | Grant - Swift Solar | 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 Swift Solar
Swift Solar has secured backing from 21 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Eni Next, Leland Stanford Junior University and Good Growth Capital. 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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Tech focused Stage-Agnostic VC Firm investing in the US
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Founded Year | Domain | Location | |
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Early-stage investments are made in life sciences and technologies.
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Founded Year | Domain | Location | |
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BlueScope X is focused on investing in steel industry innovations.
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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 Swift Solar
| 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 - Swift Solar
| 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 |
Swift Solar Comparisons
Competitors of Swift Solar
Swift Solar 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 Exeger, Ambient Photonics, First Solar, Oxford Photovoltaics and Alta Devices, 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 cells are manufactured with proprietary dye-sensitized technology.
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| domain | founded_year | HQ Location |
Solar cells are supplied for powering connected IoT devices.
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| domain | founded_year | HQ Location |
Provider of cadmium telluride-based flexible solar modules
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| domain | founded_year | HQ Location |
Perovskite-based solar cells are provided for BIPV applications.
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| domain | founded_year | HQ Location |
Mobile power technology.
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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 Swift Solar
Frequently Asked Questions about Swift Solar
When was Swift Solar founded?
Swift Solar was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Swift Solar located?
Swift Solar is headquartered in Golden, United States. It is registered at Golden, Colorado, United States.
Who is the current CEO of Swift Solar?
Joel Jean is the current CEO of Swift Solar. They have also founded this company.
Is Swift Solar a funded company?
Swift Solar is a funded company, having raised a total of $42.39M across 5 funding rounds to date. The company's 1st funding round was a Grant of $225K, raised on Jun 19, 2018.
How many employees does Swift Solar have?
As of Dec 31, 2021, the latest employee count at Swift Solar is 19.
What does Swift Solar do?
Swift Solar was founded in 2017 in Golden, United States, within the renewable energy sector. Flexible perovskite solar cells are developed and supplied, employing hybrid organic-inorganic lead or tin halide-based materials for the light-harvesting layer. Operations focus on features like outdoor self-charging capabilities, performance in flexible formats, compatibility with building materials, and optimized power-to-weight ratios for various applications.
Who are the top competitors of Swift Solar?
Swift Solar's top competitors include First Solar, Oxford Photovoltaics and Jinko Solar.
What products or services does Swift Solar offer?
Swift Solar offers Perovskite Solar Panels, Commercial Solar Solutions, Utility-Scale Solar, and Residential Solar.
Who are Swift Solar's investors?
Swift Solar has 21 investors. Key investors include Eni Next, Leland Stanford Junior University, Good Growth Capital, Fontinalis Partners, and BlueScope X.
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