# Solopower Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solopower-systems

- Industry: Renewable Energy
- Headquarters: Portland, US
- Website: www.solopower.com
- Total disclosed funding: $77M
- Latest round: Series C (Oct 22, 2008)
- Investors on record: 5

## About

Solopower Systems Inc. is a Portland-based company specializing in innovative thin-film solar technology, delivering lightweight and flexible photovoltaic solutions designed for commercial and off-grid applications.Founded in 2005 in Portland, US, Solopower Systems Inc. focuses on high-performance solar modules utilizing proprietary Copper Indium Gallium Selenide (CIGS) technology. The company has successfully executed 10 deals, with their most recent financing round in October 2012, raising USD 12 million. The firm has maintained its focus on solar energy solutions without any significant pivots in strategy or mention of subsidiaries. The founder has a history of entrepreneurship, although specific previous ventures are not detailed.SoloPower Systems specializes in lightweight, flexible thin-film photovoltaic (PV) technology, primarily delivering high-performance solar modules that utilize proprietary Copper Indium Gallium Selenide (CIGS) technology. The solar solutions are designed for various applications, emphasizing ease of installation and aesthetic integration, making them suitable for commercial rooftops and off-grid energy solutions. The flagship products include SoloPower™ thin-film solar modules, known for their reduced balance of system (BoS) costs and installation time due to a unique 'No Penetrations' installation method that preserves roof integrity. The customer base includes commercial entities and public infrastructure projects, with deployments in regions such as Connecticut and Jordan.SoloPower Systems engages in B2B transactions, primarily focusing on partnerships with commercial clients and public institutions seeking solar energy solutions for large-scale applications. Revenue is generated through the direct sales of proprietary solar modules and integrated module packaging solutions, with project-specific contracts covering design, supply, and installation tailored to customer needs. The introduction of products like the world’s lightest off-grid energy solution caters to a diverse client base, facilitating stable revenue streams from municipal projects and commercial installations.The company intends to leverage the USD 12 million financing raised in October 2012 to support the development of new products and expand into additional markets. Plans include the design and launch of innovative solar technology solutions targeting both existing and emerging markets. Specific geographic regions for expansion are under consideration, with a focus on enhancing their presence in the commercial sector and public infrastructure projects.

## Funding rounds

- Series C, Oct 22, 2008, $48M — Crosslink Capital, Convexa, Hudson Sustainable Group, Firsthand Capital Management
- Series B, Jul 18, 2007, $29M — Crosslink Capital, Convexa, Firsthand Capital Management, Musea Ventures

## Investors

- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series B, Series C
- Convexa (https://capitalatlas.ai/funds/convexa) — Series B, Series C
- Firsthand Capital Management — Series B, Series C
- Musea Ventures (https://capitalatlas.ai/funds/musea-ventures) — Series B
- Hudson Sustainable Group (https://capitalatlas.ai/funds/hudson-sustainable-group) — Series C