Learn how to validate your startup idea by pre-selling it, for only $80 (includes a free 1-hour consultancy call).
Solar

27 of the Most Successful Solar Startups

If you're building a Solar startup, you must check this list of the 27 most successful ones.

Ad

Startup Foundations

Gain traction with your startup right now. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

Countless Solar startups are being launched every day.

Many fail because they did not learn from the success of other companies who've managed to rise above.

We just published this list of 27 well-known and fast-growing Solar companies that impressed investors.


27 Solar Startups

1) Blue Origin

1) Blue Origin

Blue Origin is an aerospace business whose mission is to reduce the cost of spaceflight while also assisting in the exploration of the solar system.

Details of the startup:

  • Country: United States
  • City: Kent
  • Started in: 2000
  • Founders: Jeff Bezos
  • Number of employees: 251-500
  • Funding amount: $13,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

2) Aurora Solar

2) Aurora Solar

Aurora Solar is a software-as-a-service startup that assesses solar installation projects using aerial images.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2013
  • Founders: Christopher Hopper, Samuel Adeyemo
  • Number of employees: 101-250
  • Funding amount: $323,470,493
  • Number of funding rounds: 3
  • Number of investors: 6

You can find their website here.

3) Lightyear

3) Lightyear

Lightyear is a solar electric car startup located in the Netherlands that is developing an ultra-energy-efficient automobile platform.

Details of the startup:

  • Country: The Netherlands
  • City: Helmond
  • Started in: 2016
  • Founders: Arjo van der Ham, Koen van Ham, Lex Hoefsloot, Martijn Lammers, Qurein Biewenga
  • Number of employees: 101-250
  • Funding amount: € 87,397,000
  • Number of funding rounds: 6
  • Number of investors: 5

You can find their website here.

4) Arcadia

4) Arcadia

Arcadia is a home energy platform that offers both clean energy and cost savings.

Details of the startup:

  • Country: United States
  • City: Washington D.C.
  • Started in: 2013
  • Founders: Kiran Bhatraju, Ryan Nesbitt
  • Number of employees: 101-250
  • Funding amount: $70,500,000
  • Number of funding rounds: 7
  • Number of investors: 16

You can find their website here.

5) Enpal

5) Enpal

Enpal is a corporation that specializes in solar energy.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2017
  • Founders: Jochen Ziervogel, Mario Kohle, Viktor Wingert
  • Number of employees: 251-500
  • Funding amount: € 10,000,000
  • Number of funding rounds: 7
  • Number of investors: 9

You can find their website here.

6) ReNew Power

6) ReNew Power

ReNew Power is an Indian wind energy company.

Details of the startup:

  • Country: India
  • City: Gurgaon
  • Started in: 2011
  • Founders: Sumant Sinha
  • Number of employees: 101-250
  • Funding amount: $2,776,179,257
  • Number of funding rounds: 12
  • Number of investors: 9

You can find their website here.

7) Heliogen

7) Heliogen

Heliogen is a renewable energy technology firm that harnesses the sun's energy to replace fossil fuels.

Details of the startup:

  • Country: United States
  • City: Pasadena
  • Started in: 2013
  • Founders: Aaron Fyke, Bill Gross
  • Number of employees: 51-100
  • Funding amount: $128,550,000
  • Number of funding rounds: 5
  • Number of investors: 18

You can find their website here.

8) Navitas Semiconductor

8) Navitas Semiconductor

For the power supply industries, Navitas Semiconductor develops a range of GaN power ICs.

Details of the startup:

  • Country: United States
  • City: El Segundo
  • Started in: 2014
  • Founders: Dan Kinzer, Gene Sheridan, Nick Fichtenbaum
  • Number of employees: 11-50
  • Funding amount: $47,088,914
  • Number of funding rounds: 4
  • Number of investors: 3

You can find their website here.

9) Exeger Sweden AB

9) Exeger Sweden AB

Exeger Sweden AB is a company that develops and sells novel materials that improve the efficiency of solar cells.

Details of the startup:

  • Country: Sweden
  • City: Stockholm
  • Started in: 2008
  • Founders: Giovanni Fili
  • Number of employees: 11-50
  • Funding amount: $66,145,187
  • Number of funding rounds: 7
  • Number of investors: 6

You can find their website here.

Ad

Startup Foundations

Gain traction with your startup right now. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

10) Sunseap

10) Sunseap

Sunseap is a Singapore-based solar and renewable energy company.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2011
  • Founders: Frank Phuan, Lawrence Wu
  • Number of employees: 51-100
  • Funding amount: $188,836,128
  • Number of funding rounds: 8
  • Number of investors: 15

You can find their website here.

11) Sono Motors

11) Sono Motors

Sono Motors is a company that provides transportation and energy services all over the world.

Details of the startup:

  • Country: Germany
  • City: Munich
  • Started in: 2016
  • Founders: Jona Christians, Laurin Hahn, Navina Pernsteiner
  • Number of employees: 101-250
  • Funding amount: $126,588,253
  • Number of funding rounds: 6
  • Number of investors: 7

You can find their website here.

12) Freyr Energy

12) Freyr Energy

Freyr Energy is a full-service solar provider headquartered in Hyderabad, India.

Details of the startup:

  • Country: India
  • City: Hyderabad
  • Started in: 2014
  • Founders: Radhika Choudary, Saurabh Marda
  • Number of employees: 11-50
  • Funding amount: $4,642,064
  • Number of funding rounds: 4
  • Number of investors: 4

You can find their website here.

13) Otovo

13) Otovo

Otovo is a marketplace for installing distributed energy systems. The business is constructing Europe's first home solar power plant.

Details of the startup:

  • Country: Norway
  • City: Oslo
  • Started in: 2016
  • Founders: Andreas Bentzen, Andreas Thorsheim, Lars Syse Christiansen, Simen Fure Jorgensen
  • Number of employees: 101-250
  • Funding amount: $38,906,653
  • Number of funding rounds: 5
  • Number of investors: 8

You can find their website here.

14) Fourth Partner Energy

14) Fourth Partner Energy

Fourth Partner Energy offers consumers in India turnkey rooftop solar energy systems.

Details of the startup:

  • Country: India
  • City: Hyderabad
  • Started in: 2010
  • Founders: Saif Dhorajiwala, Vikas saluguti, Vivek Subramanian
  • Number of employees: 11-50
  • Funding amount: $138,332,785
  • Number of funding rounds: 7
  • Number of investors: 12

You can find their website here.

15) Noccarc Robotics

15) Noccarc Robotics

Noccarc Robotics, a SIIC IIT Kanpur incubatee firm, is a manufacturer of goods for the MedTech and CleanTech industries.

Details of the startup:

  • Country: India
  • City: Pune
  • Started in: 2017
  • Founders: Harshit Rathore, Nikhil Kurele
  • Number of employees: 51-100
  • Funding amount: ₹124,000,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

16) ZunRoof

16) ZunRoof

ZunRoof is a home-tech firm that provides solar rooftop systems with smart and clean energy.

Details of the startup:

  • Country: India
  • City: Gurgaon
  • Started in: 2016
  • Founders: Kartik Marwah, Pranesh Chaudhary, Sushant Sachan
  • Number of employees: 51-100
  • Funding amount: $4,669,234
  • Number of funding rounds: 6
  • Number of investors: 9

You can find their website here.

17) SunSource Energy

17) SunSource Energy

SunSource Energy is a solar power company that designs, engineers, procures, builds, and runs solar power facilities and projects.

Details of the startup:

  • Country: India
  • City: Noida
  • Started in: 2010
  • Number of employees: 101-250
  • Funding amount: ₹422,900,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

18) Sonnedix

18) Sonnedix

Sonnedix Solar is a global power company focused to generating future low-carbon solar energy.

Details of the startup:

  • Country: France
  • City: Rennes
  • Started in: 2009
  • Founders: Andreas Mustad, Pablo Pulido Mendoza
  • Number of employees: 51-100
  • Funding amount: $562,958,154
  • Number of funding rounds: 3
  • Number of investors: 2

You can find their website here.

19) Heliatek

19) Heliatek

Heliatek designs, manufactures, and markets organic PV solutions for nearly any building surface as a technology leader in organic photovoltaics.

Details of the startup:

  • Country: Germany
  • City: Dresden
  • Started in: 2006
  • Founders: Bert Mannig, Karl Leo, Martin Pfeiffer
  • Number of employees: 101-250
  • Funding amount: $157,004,697
  • Number of funding rounds: 8
  • Number of investors: 18

You can find their website here.

20) TRINE

20) TRINE

Innovative finance methods are being used to fund energy access.

Details of the startup:

  • Country: Sweden
  • City: Gothenburg
  • Started in: 2015
  • Founders: Andreas Lehner, Christian Genne, Christoffer Falsen, Sam Manaberi
  • Number of employees: 1-10
  • Funding amount: $7,420,187
  • Number of funding rounds: 2
  • Number of investors: 4

You can find their website here.

21) Cleantech Solar

21) Cleantech Solar

Cleantech Solar is a solar developer that invests in, owns, and manages solar PV installations around Asia.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2014
  • Founders: Andrew Jones, Holger Eick, Raju Shukla, Robert Morrice
  • Number of employees: 101-250
  • Funding amount: $125,000,000
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

22) Amp Solar Group

22) Amp Solar Group

Amp Solar Group is a global developer of clean energy infrastructure that is adaptable.

Details of the startup:

  • Country: Canada
  • City: Port Credit
  • Started in: 2009
  • Founders: David Rogers
  • Number of employees: 101-250
  • Funding amount: $527,480,044
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

23) Nova Lumos

23) Nova Lumos

Solar electricity is available from Nova Lumos to off-grid households and small enterprises.

Details of the startup:

  • Country: The Netherlands
  • City: Amsterdam
  • Started in: 2012
  • Founders: Adam Howard, Davidi Vortman
  • Number of employees: 251-500
  • Funding amount: $137,000,000
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

24) Evergen

24) Evergen

Smarter energy is made possible with Evergen software.

Details of the startup:

  • Country: Australia
  • City: Newcastle-AUS
  • Started in: 2015
  • Founders: Ben Hutt, Nick McGrath
  • Number of employees: 51-100
  • Funding amount: $11,809,467
  • Number of funding rounds: 3
  • Number of investors: 5

You can find their website here.

25) Husk Power Systems

25) Husk Power Systems

Husk Power Systems installs mini-power plants and designs and provides end-to-end renewable energy solutions.

Details of the startup:

  • Country: India
  • City: Patna City
  • Started in: 2008
  • Founders: Chip Ransler, Gyanesh Pandey, Manoj Sinha, Ratnesh Kumar
  • Number of employees: 101-250
  • Funding amount: $25,625,000
  • Number of funding rounds: 5
  • Number of investors: 8

You can find their website here.

26) Frontier Markets

26) Frontier Markets

Frontier Markets connects rural clients with life-improving products and services while also providing rural women with digital livelihoods.

Details of the startup:

  • Country: India
  • City: Jaipur
  • Started in: 2011
  • Founders: Ajaita Shah
  • Number of employees: 51-100
  • Funding amount: $2,250,000
  • Number of funding rounds: 4
  • Number of investors: 9

You can find their website here.

27) Solfácil

27) Solfácil

In Brazil, Solfácil is the most popular solar investing platform.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2018
  • Founders: Fabio Carrara
  • Number of employees: 51-100
  • Funding amount: $25,000,000
  • Number of funding rounds: 3
  • Number of investors: 1

You can find their website here.

The All-In-One Newsletter for Startup Founders

Every week, I’ll send you Failory’s latest interviews and articles, curated resources for founders, and updates on how I’m growing the site to $10k/mo. Join +7,000 other startup founders!