# Siva Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/siva-power

- Industry: Renewable Energy
- Headquarters: Santa Clara, US
- Website: www.sivapower.com
- Total disclosed funding: $97M
- Latest round: Series D (Feb 19, 2016)
- Investors on record: 10

## About

Siva Power, Inc. focuses on the development and manufacturing of high-efficiency solar photovoltaic (PV) technology, aiming to provide sustainable energy solutions through innovative solar panels.Founded in 2006 and headquartered in Santa Clara, US, Siva Power, Inc. specializes in solar technology. The company has successfully raised a total of USD 25.00 mn in funding, with its most recent transaction being a Series E round in May 2017, involving investments from unspecified individual investors. The firm has executed 10 deals overall, positioning itself strategically within the solar energy sector. Bruce Sohn serves as the CEO, guiding the company through its developmental stages and market positioning.Siva Power specializes in the development and manufacturing of advanced solar photovoltaic (PV) technology, primarily focusing on high-efficiency solar panels. Their core product offerings are designed to enhance the performance and durability of solar energy systems, contributing to sustainable energy solutions. By leveraging innovative materials and manufacturing processes, Siva Power addresses the growing demand for reliable and cost-effective solar energy, particularly in the residential and commercial sectors. Their products are utilized in various applications, including rooftop installations, utility-scale solar farms, and integrated solar solutions for commercial buildings, serving a customer base across North America, Europe, and parts of Asia.Siva Power generates revenue through the sale of its solar panels and related technologies, operating primarily on a B2B model. The company's transactions typically involve direct sales to distributors and installers who integrate their products into larger solar energy systems. This structure allows Siva Power to engage in long-term partnerships with these stakeholders, facilitating recurring revenue streams through ongoing support and maintenance services. The pricing structure for their flagship solar panels is competitive, positioning the company as a viable option in the solar market. These transactions are supported by comprehensive service agreements that ensure customer satisfaction and product performance, contributing to customer loyalty and repeat business.Siva Power plans to utilize the recent USD 25.00 mn raised in Series E financing to expand its product line and enhance its technological capabilities. The company is currently designing new high-efficiency solar panels expected to launch in the next 12 months, which aim to further address market demands. Additionally, Siva Power is targeting expansion into the European and Asian markets by 2025, seeking to leverage its innovative technologies to capture new customer segments. The funding will support research and development initiatives as well as marketing efforts in these new regions.

## Funding rounds

- Series D, Feb 19, 2016, $5M — DBL Partners, Acero Capital, Red Horse Capital, Banner Group, Symmetry Group Ltd.
- Series D, Jan 23, 2015, $4.2M — DBL Partners, Acero Capital, Medley Partners
- Series C, Aug 1, 2011, $23M — Trident Capital, DBL Partners, Firelake Capital Management, Acero Capital, Birchmere, Medley Partners
- Series C, Jun 7, 2010, $42M — Trident Capital, DBL Partners, Firelake Capital Management, Acero Capital, X/Seed, Birchmere, Medley Partners
- Series B, Oct 29, 2008, $18M — Trident Capital, Firelake Capital Management, X/Seed, Medley Partners
- Series A, Aug 15, 2007, $4.3M — Trident Capital, Firelake Capital Management, X/Seed, Medley Partners

## Investors

- Trident Capital (https://capitalatlas.ai/funds/trident-capital) — Series A, Series B, Series C
- Firelake Capital Management (https://capitalatlas.ai/funds/firelake-capital-management) — Series A, Series B, Series C
- X/Seed (https://capitalatlas.ai/funds/x-seed) — Series A, Series B, Series C
- Medley Partners (https://capitalatlas.ai/funds/medley-partners) — Series A, Series B, Series C, Series D
- DBL Partners (https://capitalatlas.ai/funds/dbl-partners) — Series C, Series D
- Acero Capital (https://capitalatlas.ai/funds/acero-capital) — Series C, Series D
- Birchmere (https://capitalatlas.ai/funds/birchmere) — Series C
- Red Horse Capital (https://capitalatlas.ai/funds/red-horse-capital) — Series D
- Banner Group (https://capitalatlas.ai/funds/banner-group) — Series D
- Symmetry Group Ltd. — Series D