# Sol Voltaics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sol-voltaics

- Industry: Renewable Energy
- Headquarters: Lund, Sweden
- Website: www.solvoltaics.com
- Total disclosed funding: $44M
- Latest round: Series D (Jul 6, 2017)
- Investors on record: 11

## About

Sol Voltaics AB is a Swedish company focused on solar energy solutions, specializing in the development and commercialization of innovative solar panel technologies and products designed to enhance energy efficiency.Established in 2007 in Lund, Sweden, Sol Voltaics AB is dedicated to advancing solar energy technology. The company has secured a total of 8 funding deals, with their most recent funding round being a Series D that raised USD 21.3 mn on July 6, 2017, led by Watrium, alongside other notable investors.Sol Voltaics specializes in solar energy solutions, offering a range of solar panels tailored for residential systems, RV installations, and specific applications like the Wyze Cam V3 and Nissan Leaf. The company focuses on educating consumers on solar leasing and the benefits of solar technology, distributing products primarily in North America, particularly the United States.In 2017, Sol Voltaics reported a revenue of USD 76,055.90, with a negative EBITDA amount of USD -9,524,316.80 for the same year, indicating the financial dynamics of their operations during that period.Following the Series D funding in July 2017, Sol Voltaics plans to utilize the USD 21.3 mn to accelerate the development of new solar technologies and expand its market presence. The company aims to introduce upcoming products designed for diverse applications by targeting new geographic regions, specifically aiming to enhance its footprint in emerging solar markets in Europe and North America.

## Funding rounds

- Series D, Jul 6, 2017, $21M — Teknoinvest Management, Industrifonden, Nano Future Invest, Watrium, Blue Marlin AB, FAM AB, Kagra Gruppen AS
- Series C, May 11, 2016, $13M — Umoe Invest, Industrifonden, FAM, Riyadh Valley Company, Nano Future Invest
- Series B, Sep 17, 2013, $9.4M — Umoe Invest, Industrifonden, FAM, Nano Future Invest
- Series A, Jul 5, 2008, $1.2M — Teknoinvest Management, Provider Venture Partners

## Investors

- Teknoinvest Management (https://capitalatlas.ai/funds/teknoinvest-management) — Series A, Series D
- Provider Venture Partners (https://capitalatlas.ai/funds/provider-venture-partners) — Series A
- Umoe Invest — Series B, Series C
- Industrifonden (https://capitalatlas.ai/funds/industrifonden) — Series B, Series C, Series D
- FAM — Series B, Series C
- Nano Future Invest — Series B, Series C, Series D
- Riyadh Valley Company (https://capitalatlas.ai/funds/riyadh-valley-company) — Series C
- Watrium — Series D
- Blue Marlin AB — Series D
- FAM AB — Series D
- Kagra Gruppen AS — Series D