# SolarCycle

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

- Industry: Renewable Energy
- Headquarters: Oakland, US
- Website: www.solarcycle.us
- Total disclosed funding: $38M
- Latest round: Series A (Feb 27, 2023)
- Investors on record: 5

## About

Founded in 2022 and based in California, US, SolarCycle, Inc. operates as a developer of a solar design tech-driven recycling platform that provides solar panels for solar and renewable energies. The company was co-founded by Suvi Sharma, Jesse Simons, and Dr. Pablo Ribeiro Dias, who respectively serves as CEO, CCO, and CTO in the company. In March 2023, SolarCycle, Inc. raised USD 30 million in series A funding led by new investor Fifth Wall, with participation from other new investors HG Ventures, and Prologis Ventures. Returning investors Urban Innovation Fund and Closed Loop Partners.

The company operates as a domestic supplier for the solar industry. It has reached partnerships with Sunrun, Silicon Ranch, Greentech and RETC.

The company will use the funding raised in 2022 to bolster its growth in solar panel recycling capacity and expand materials remanufacturing capabilities.

## Funding rounds

- Series A, Feb 27, 2023, $32M — Prologis, Fifth Wall Ventures, Closed Loop Partners, Urban Innovation Fund, HG Ventures
- Seed, Apr 5, 2022, $6.6M — Closed Loop Partners, Urban Innovation Fund

## Investors

- Closed Loop Partners (https://capitalatlas.ai/funds/closed-loop-partners) — Seed, Series A
- Urban Innovation Fund (https://capitalatlas.ai/funds/urban-innovation-fund) — Seed, Series A
- Prologis (https://capitalatlas.ai/funds/prologis) — Series A
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series A
- HG Ventures (https://capitalatlas.ai/funds/hg-ventures) — Series A