Palmetto Solar

Renewable EnergySeries CCharlotte, USpalmetto.com

Latest round

Series C

Last raised

Feb 2022

Total raised

$404M

Investors

11

About Palmetto Solar

Palmetto Solar, LLC specializes in solar energy solutions and was founded in 2009 in Charlotte, US.Palmetto Solar, LLC specializes in providing renewable energy solutions primarily through solar energy systems, HVAC systems, and energy advisory services. Their core offerings include the sale and installation of solar panels, which serve residential customers seeking to reduce their energy costs and carbon footprint. The company also provides HVAC solutions aimed at enhancing home comfort by electrifying heating and cooling systems, making them more energy-efficient. Palmetto's Energy Advisor service assists customers in understanding their energy needs and optimizing their energy consumption.Palmetto's revenue model primarily revolves around direct-to-consumer sales, subscription services, and partnerships with various stakeholders in the energy sector. Transactions typically involve customers selecting solar packages and HVAC solutions, with pricing structured around the specific products chosen and any associated installation services. By streamlining the purchasing process and offering detailed savings forecasts, Palmetto aims to attract a diverse client base that includes both residential homeowners and commercial enterprises seeking sustainable energy solutions. This includes the launch of new products designed to enhance their current offerings while targeting additional geographic markets to expand their reach.

Who invested in Palmetto Solar

11 investors across 2 rounds

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Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.

Funding rounds

  1. Series C

    Feb 24, 2022

    Amount

    $375M

    Investors

    Locked

  2. Series B

    Aug 3, 2020

    Amount

    $29M

    Investors

    Locked

Questions about Palmetto Solar

Who invested in Palmetto Solar?

Palmetto Solar has 11 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 Palmetto Solar raised?

Palmetto Solar has raised 2 venture rounds. Sign up free to see how much each round raised and the total.

When did Palmetto Solar last raise money?

Palmetto Solar's most recent round on record is a Series C, in Feb 2022.

What does Palmetto Solar do?

Palmetto Solar, LLC specializes in solar energy solutions and was founded in 2009 in Charlotte, US.

Where is Palmetto Solar headquartered?

Palmetto Solar is headquartered in Charlotte, US.

Which VCs invest in companies like Palmetto Solar?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back renewable energy companies at Palmetto Solar's stage. Their profiles are linked below.

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