# Nexamp

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nexamp

- Industry: Renewable Energy
- Headquarters: Boston, US
- Website: www.nexamp.com/
- Total disclosed funding: $6.5M
- Latest round: Series A (Feb 9, 2010)
- Investors on record: 3

## About

Nexamp, Inc. is a US-based company specializing in innovative clean energy solutions, particularly community solar and energy storage, helping customers access renewable energy easily and affordably.Nexamp, Inc. was founded in 2007 and is headquartered in Boston, US. The company focuses on community solar projects, allowing customers to utilize solar energy without on-site installations. In October 2025, Nexamp, Inc.?raised?USD 600 million?in?venture debt?funding?from investor?ATLAS SP Partners. The CEO of the company is Zaid Ashai, who leads the firm's strategic vision. Nexamp, Inc. specializes in providing innovative clean energy solutions primarily through its community solar and energy storage offerings. Their core product, community solar, allows residential and commercial customers to access solar energy without the need for rooftop installations. This service is designed to reduce electricity costs by approximately 10% to 15%, catering to customers who seek sustainable energy options without upfront costs, long-term commitments, or cancellation fees. Nexamp operates primarily in the United States, serving markets in states such as Massachusetts, New York, and Illinois, where there is a significant demand for renewable energy solutions. The company collaborates with utility providers to facilitate power purchase agreements (PPAs), enabling customers to benefit from clean energy while supporting local solar farms.Nexamp's revenue model is centered around community solar subscriptions and partnerships with utility companies. Customers engage in direct transactions by signing up for community solar programs and benefit from reduced electricity rates through power purchase agreements. The company structures its revenue around these subscriptions, allowing customers to pay a monthly fee based on their energy usage, which is offset by the savings from their community solar credits. This model not only supports Nexamp's growth but also fosters long-term relationships with clients, as they remain engaged in the transition to renewable energy. Specific pricing plans for their services are tailored to individual customer needs, ensuring that clients realize tangible savings while participating in sustainable practices.In October 2025, Nexamp, Inc. raised USD 600 mn in venture funding from Atlas SP Partners. The company will utilize this funding to expand distributed solar and energy storage projects across the US. Nexamp aims to launch new community solar initiatives and enhance its energy storage capabilities in existing markets, specifically targeting states with growing renewable energy demand.

## Funding rounds

- Series A, Feb 9, 2010, $6.5M — PJC, Good Energies Inc., RCG Venture

## Investors

- PJC (https://capitalatlas.ai/funds/pjc) — Series A
- Good Energies Inc. — Series A
- RCG Venture — Series A