# Solar Junction Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solar-junction

- Industry: Renewable Energy
- Headquarters: San Jose, US
- Website: www.sj-solar.com
- Total disclosed funding: $59M
- Latest round: Series E (Jan 29, 2013)
- Investors on record: 4

## About

Solar Junction Corporation specializes in developing and manufacturing advanced solar energy systems, focusing on high-efficiency photovoltaic panels and solutions tailored for diverse sectors, promoting sustainable energy production.Founded in 2007 by James Harris and Prashant Yadav, Solar Junction Corporation operates out of San Jose, US. The company has participated in 8 deals to date, raising a total of USD 8.12 mn, with its latest funding round being Series E, backed by Advanced Technology Ventures. Their current valuation stands at USD 65.804 mn.SJ Solar specializes in the development and manufacturing of advanced solar energy systems, focusing on photovoltaic (PV) panels and solar energy solutions that cater to residential, commercial, and industrial sectors. Their core offerings include high-efficiency solar modules designed to convert sunlight into electricity, providing sustainable energy solutions that address the growing demand for renewable resources. These products are engineered to operate effectively in a variety of environments, ensuring reliability and performance for end users seeking to reduce their carbon footprint and energy costs. The company serves a diverse client base, including solar installation firms, energy service providers, and utility companies, with products distributed across North America, Europe, and Asia. By integrating innovative technology into their offerings, SJ Solar aims to enhance energy efficiency while promoting the transition to greener energy sources.SJ Solar generates revenue through a structured sales model that includes direct sales to distributors and partnerships with solar installation companies. The company’s transactions are primarily B2B, where bulk orders of solar panels and related systems are placed by its commercial partners, enabling them to offer these solutions to end consumers. Pricing plans are tailored to the scale and specifications of the installations, including options for both standard and premium solar modules, which cater to varying customer needs. The company’s flagship products, known for their advanced technology and durability, contribute significantly to its revenue streams, ensuring that clients receive competitive pricing for high-quality solar solutions. Through these established channels and product offerings, SJ Solar maintains a robust position in the renewable energy market, driving consistent sales growth and customer satisfaction.Solar Junction Corporation is exploring opportunities to enhance its product lineup by developing new solar technologies aimed at improving energy efficiency and reducing costs. They plan to expand into emerging markets in Asia and Europe by 2025, leveraging the recent funding from their Series E round to support these initiatives. The investment will also facilitate strategic partnerships that will allow them to increase market penetration and drive product innovation. Additionally, Solar Junction Corp. was partially sold to Irradiance Group, further aligning its strategic direction in the solar energy sector.

## Funding rounds

- Series E, Jan 29, 2013, $8.1M — Advanced Technology Ventures
- Series D, Feb 13, 2012, $19M — Advanced Technology Ventures, Draper Fisher Jurvetson, New Enterprise Associates, IQE plc
- Series C, Feb 25, 2010, $13M — Advanced Technology Ventures, Draper Fisher Jurvetson, New Enterprise Associates
- Series B, May 23, 2008, $18M — Advanced Technology Ventures, Draper Fisher Jurvetson

## Investors

- Advanced Technology Ventures (https://capitalatlas.ai/funds/advanced-technology-ventures) — Series B, Series C, Series D, Series E
- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B, Series C, Series D
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series C, Series D
- IQE plc — Series D