New wave · Worldwide

New solar startups, founded 2020 on

The new wave: 66 solar startups founded in 2020 or later that have raised money in rounds we track, $3.3B between them, placed in 5 segments.

66startups on the map
5segments
$3.3Braised between them
Utility-scale projectsmost funded segment

Panels and modules

20

Home and rooftop solar

16

Utility-scale projects

13

Solar software and finance

9

Next-generation cells

8

Segment by segment

Panels and modules

20 startups · $1.0B raised

  1. ElvyElvy is a Stockholm-based energytech startup founded in 2023, specializing in AI-optimized, subscription-based home energy systems.Sweden$595M
  2. SunwafeSunwafe is a European renewable energy company focused on manufacturing silicon ingots and wafers for photovoltaic applications.Spain$216M
  3. Girasole EnergiesGirasole Energies produces photovoltaic electricity for low-carbon and competitive electricity, and operates photovoltaic power plants.France$103M
  4. SolarcycleSOLARCYCLE is a technology-driven recycling company founded in 2022, focused on solar panel recycling and advanced recovery of matUnited States$30M
  5. Solar MaterialsSOLAR MATERIALS GmbH is a German cleantech company based in Magdeburg, founded in 2021.Germany$18M
  6. LeaptingLeapting丽天, officially known as Huzhou LEAPTING Technology Co., Ltd., is a high-tech enterprise founded in July 2022 and based in China$14M
  7. Chasing Light TechnologyChasing Light is a manufacturing firm that specializes in organic semiconductor photovoltaic technology.China$14M
  8. Westra MaterialsInternet of things (IoT) comprise electronic devices, such as batteries, displays, solar cells and sensors, and is revolutionizingSweden$7.3M

Home and rooftop solar

16 startups · $868M raised

  1. BNZ energyBNZ, an independent power producer (IPP), plans, installs, and runs solar photovoltaic projects.Spain$740M
  2. Element EnergyElement Energy is a energy consulting firm that offers rooftop solar system services.United States$73M
  3. HeliupHELIUP is a French greentech startup founded in 2022, specializing in lightweight solar photovoltaic (PV) modules tailored for larFrance$19M
  4. AeremAerem is a full-stack FinTech platform based in Mumbai, India, focused on promoting rooftop solar energy adoption.India$15M
  5. ALVA EnergieALVA Energie is a Berlin-based company founded in 2024 that specializes in decentralized energy solutions.Germany$5.8M
  6. UnergyUnergy is a CleanTech and FinTech startup based in Medellín, Colombia, founded in 2020.Colombia$4.0M
  7. VolterVolter is a London-based startup that offers a software platform designed for commercial and real estate owners to optimize their United Kingdom$3.2M
  8. GRYD EnergyGRYD Energy funds, operates, and optimize smart solar systems for homeowners that is decentralized and powered by clean solar energy.United Kingdom$2.6M

Utility-scale projects

13 startups · $1.2B raised

  1. Rezolv EnergyRezolv Energy is an independent power producer and renewable energy developer based in Prague, Czech Republic.Romania$763M
  2. SunprimeSunprime is a fast-growing Independent Power Producer based in Italy focused on Solar C&I, and smart homes segments.Italy$221M
  3. Pathway PowerPathway Power is a utility-scale solar and battery storage developer building a renewable energy value chain.United States$150M
  4. Redeux EnergyRedeux Energy is a renewable energy company that specializes in the construction of solar and battery energy storage projects.United States$30M
  5. GoodPeakGoodPeak is an energy platform that focuses on delivering power and digital infrastructure through integrated assets, primarily inUnited States$22M
  6. Sol AgoraSol Agora offers digital solar financing solutions to ease investment in solar energy projects.Brazil$20M
  7. Charge RoboticsCharge Robotics is dedicated to advancing the renewable energy sector by automating the labor-intensive stages of solar construction.United States$17M
  8. EnriseEnrise is a French startup founded in late 2023 by Paul Astrup and Armand d’Ambrières, with Pascal Marguet joining in 2024.France$9.1M

Solar software and finance

9 startups · $26M raised

  1. Coast EnergyCoast Energy is a commercial and industrial solar energy firm based in El Segundo, California.United States$21M
  2. SkyVisorSkyVisor is a software company based in Paris that specializes in drone inspection and asset management solutions for the renewablFrance$1.3M
  3. GetSolarGetSolar, based in Singapore, is a clean energy startup focused on making renewable energy accessible across Southeast Asia.Singapore$1.3M
  4. RenewcastRenewcast is an Italian startup founded in 2020 that focuses on high-precision renewable energy forecasting, specifically for windItaly$1.2M
  5. Glow EnergyGlow Energy is a software company that provides solar amenity for renters and rental property owners.United States$500K
  6. TelematicaTelematica, operated by Martian Mobility Inc., is a software platform that provides a unified API for integrating and optimizing dUnited States$500K
  7. Offgrid.Financeoffgrid.finance is a UK-based financial technology company founded in 2020 and headquartered in Sevenoaks, England.United Kingdom$439K
  8. EarthbondWe've leveraged climate finance and AI to build a credit model that helps African businesses get reliable, affordable solar.Nigeria$200K

Next-generation cells

8 startups · $126M raised

  1. HolyvoltHolyvolt is a Swedish deep-tech energy startup founded in 2022, with its headquarters in Stockholm and additional operations in MuSweden$45M
  2. CubicPVCubicPV is a solar manufacturing company that produces wafers and tandem modules.United States$33M
  3. Guangjing EnergyGuangjing Energy develops perovskite solar cell modules to achieve industrialized mass production and sales.-$18M
  4. GTGuangyin TechnologyGuangyin Technology focuses on the research and development and production of perovskite photovoltaics.-$14M
  5. Active SurfacesActive Surfaces is a solar technology startup founded in 2022, focusing on developing ultra-thin, flexible solar panels made from United States$5.6M
  6. PeroCyclePeroCycle is a carbon recycling technology company dedicated to reducing CO2 emissions in steel production.United Kingdom$4.7M
  7. Verde TechnologiesVerde Technologies specializes in the production of perovskite solar cells that offers thin film and flexible solar panels.United States$3.0M
  8. SoFab InksSofab Inks is a Kentucky-based startup focused on chemical manufacturing, particularly in advanced nanoparticle inks and materialsUnited States$2.9M

How this map is made. Every startup here has raised money in rounds we track, and was founded in 2020 or later. It joins the map when its sectors, read from its rounds, or the opening of its own description say it works in solar, and goes to the first segment whose words it carries. Each segment shows its best-funded first. Rebuilt nightly; updated 15 November 2026.

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