Solar equipment company Sungevity announced on Friday that it has secured $70 million in new equity financing from Jetstream Ventures, German utilities company E.ON, and GE Ventures. The company will use the funding to grow its technology platform for customer service in global markets with grid parity.
Sungevity’s main value to consumers is that it allows users to design their solar installations online, and receive an instant quote. Its approach is tailored to the app-using consumer, with ease of use and customer-friendliness the main goal.
“Sungevity’s founding mission-based values combined with their technology-focused, capital-light business model, make them an exceptional choice for our first private market investment in downstream solar,” said Joel Dobberpuhl, Chief Executive Officer of Jetstream Capital, in a prepared statement on Friday.
They Just Reinvented the Wheel…
The world’s largest producer of aluminum could go out of business soon. It’s cut production and written down billions in assets, and the price of aluminum is down, to boot. When it goes down, other companies with more efficient business models are poised to rise up in the ranks. There’s one we’re particularly fond of…
