# SunDrive

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

- Industry: Renewable Energy
- Headquarters: Sydney, Australia
- Website: www.sundrivesolar.com
- Total disclosed funding: $19M
- Latest round: Series A (Sep 29, 2022)
- Investors on record: 9

## About

Based in Australia, SunDrive Solar Pty Ltd focuses on developing and manufacturing high-efficiency solar panels for residential and commercial sectors, contributing to renewable energy initiatives. SunDrive Solar Pty Ltd, founded in 2015 in Sydney, Australia, specializes in solar technology. The company has engaged in six total funding deals, with the most recent being AUD 25.3 million raised on November 9, 2025, from the Australian Renewable Energy Agency. Founders David Hu and Vince Allen have been instrumental in guiding the company's strategy and growth. SunDrive Solar specializes in the development and manufacturing of high-efficiency solar panels designed for both residential and commercial markets. Their innovative solar technology maximizes energy conversion rates, enabling various users to harness solar energy effectively. The company aims to address the increasing demand for sustainable, cost-effective energy solutions, with products suitable for diverse environmental conditions and markets across North America, Europe, and parts of Asia. SunDrive Solar generates revenue through direct sales and partnerships with installers and distributors. Their transactions primarily involve B2B agreements, selling solar panels to retailers and wholesalers, who then distribute them to end customers. The company's pricing model aligns with industry standards for high-efficiency solar panels, and they offer bulk purchase agreements to streamline installations. Additional revenue is generated through service contracts and warranties, fostering long-term customer relationships. In November 2025, SunDrive Solar Pty Ltd raised AUD 25.3 million in venture funding from Australian Renewable Energy Agency, which will be utilized to accelerate the transition of its solar technology from research to commercial deployment. The company has plans to launch new products aimed at enhancing energy efficiency and is targeting expansion into additional markets in North America and Europe by the end of 2024.

## Funding rounds

- Series A, Sep 29, 2022, $14M — Blackbird Ventures, Grok Ventures, CEFC, Main Sequence Ventures, Turnbull & Partners, Tesol Pty Ltd
- Series A, Aug 25, 2020, $3.7M — Blackbird, Grok Ventures, Dorado Property, Newsouth Innovations Pty Limited
- Seed, Aug 10, 2018, $1.2M — Blackbird, Grok Ventures, Dorado Property, Newsouth Innovations Pty Limited

## Investors

- Blackbird (https://capitalatlas.ai/funds/blackbird) — Seed, Series A
- Grok Ventures — Seed, Series A
- Dorado Property — Seed, Series A
- Newsouth Innovations Pty Limited — Seed, Series A
- Blackbird Ventures (https://capitalatlas.ai/funds/blackbird-ventures) — Series A
- CEFC — Series A
- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Series A
- Turnbull & Partners — Series A
- Tesol Pty Ltd — Series A