GroSolar
Latest round
- Series B
Last raised
- Dec 2007
Total raised
- $12M
Investors
- 4
About GroSolar
Founded in 1998, GroSolar focuses on renewable energy solutions, specifically solar energy. The company has undergone significant changes, including its acquisition of groSolar Residential Business by SolarCity in February 2011 and its acquisition by EDF Renewable Energy in April 2016.GroSolar specializes in providing innovative renewable energy solutions, primarily focusing on solar energy products and services. Their core offerings include high-efficiency solar panels, solar inverters, and integrated energy storage solutions designed to enhance energy independence for residential, commercial, and industrial clients. These products aim to address the growing demand for sustainable energy solutions while contributing to the reduction of greenhouse gas emissions. The company serves a diverse clientele, including homeowners seeking to lower their utility costs, businesses aiming to achieve sustainability goals, and utilities looking to enhance their renewable energy portfolios.GroSolar's revenue model is predominantly based on direct sales of its solar products, complemented by installation and maintenance services, establishing a comprehensive approach to customer engagement. Transactions typically involve direct-to-consumer sales as well as partnerships with contractors and retailers who facilitate the installation process for end-users. Clients can engage with GroSolar through various purchasing options, including outright purchase of products or service contracts that provide ongoing support and maintenance. The pricing structure for their flagship solar products is tailored to accommodate various customer needs, ensuring affordability and accessibility.GroSolar plans to expand its offerings with new innovative solar products aimed at enhancing energy efficiency, although specific release dates have not been disclosed. The company is targeting market expansion into additional regions across Asia by 2025. GroSolar's recent acquisition by EDF Renewable Energy will also provide additional resources for growth and development.
Who invested in GroSolar
4 investors across 2 rounds
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Questions about GroSolar
Who invested in GroSolar?
GroSolar has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has GroSolar raised?
GroSolar has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did GroSolar last raise money?
GroSolar's most recent round on record is a Series B, in Dec 2007.
What does GroSolar do?
Founded in 1998, GroSolar focuses on renewable energy solutions, specifically solar energy.
Where is GroSolar headquartered?
GroSolar is headquartered in US.
Which VCs invest in companies like GroSolar?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back power & utilities companies at GroSolar's stage. Their profiles are linked below.
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