# New Solar Startups Founded Since 2020: Market Map 2026 (66 Companies) > 66 solar startups founded in 2020 or later, mapped in 5 segments, best-funded first: $3.3B raised. Updated nightly. Source: https://millionrounds.com/market-maps/new-solar-startups-market-map (Millionrounds; every figure on the page links to its filing or article) ## Panels and modules 20 - [Elvy](https://millionrounds.com/company/elvy) - [Sunwafe](https://millionrounds.com/company/sunwafe) - [Girasole Energies](https://millionrounds.com/company/girasole-energies) - [Solarcycle](https://millionrounds.com/company/solarcycle) - [Solar Materials](https://millionrounds.com/company/solar-materials) - [Leapting](https://millionrounds.com/company/leapting) - [Chasing Light Technology](https://millionrounds.com/company/chasing-light-technology) - [Westra Materials](https://millionrounds.com/company/westra-materials) - [Nfinite Nanotech](https://millionrounds.com/company/nfinite-nanotech) - [OnePlanet](https://millionrounds.com/company/oneplanet) - [*S* Sunhero](https://millionrounds.com/company/sunhero) - [Astradyne](https://millionrounds.com/company/astradyne) - [*S* SMARTIFY](https://millionrounds.com/company/smartify) - [Optipus-PV](https://millionrounds.com/company/optipus-pv) - [Swish Solar](https://millionrounds.com/company/swish-solar) - [GraphEnergyTech](https://millionrounds.com/company/graphenergytech) - [Beyond Renewables](https://millionrounds.com/company/beyond-renewables) - [Bright Saver](https://millionrounds.com/company/bright-saver) - [Voltiris](https://millionrounds.com/company/voltiris) - [SilarTek](https://millionrounds.com/company/silartek) ## Home and rooftop solar 16 - [BNZ energy](https://millionrounds.com/company/bnz-energy) - [Element Energy](https://millionrounds.com/company/element-energy) - [Heliup](https://millionrounds.com/company/heliup) - [Aerem](https://millionrounds.com/company/aerem) - [ALVA Energie](https://millionrounds.com/company/alva-energie) - [Unergy](https://millionrounds.com/company/unergy) - [Volter](https://millionrounds.com/company/volter) - [GRYD Energy](https://millionrounds.com/company/gryd-energy) - [Solteo](https://millionrounds.com/company/solteo) - [SmartSolar](https://millionrounds.com/company/smartsolar) - [Lumo Energy](https://millionrounds.com/company/lumo-energy) - [Robinsun](https://millionrounds.com/company/robinsun) - [RUUF](https://millionrounds.com/company/ruuf) - [Eolic Wall](https://millionrounds.com/company/eolic-wall) - [Rayton](https://millionrounds.com/company/rayton) - [Project Solar](https://millionrounds.com/company/project-solar) ## Utility-scale projects 13 - [Rezolv Energy](https://millionrounds.com/company/rezolv-energy) - [Sunprime](https://millionrounds.com/company/sunprime) - [Pathway Power](https://millionrounds.com/company/pathway-power) - [Redeux Energy](https://millionrounds.com/company/redeux-energy) - [GoodPeak](https://millionrounds.com/company/goodpeak) - [Sol Agora](https://millionrounds.com/company/sol-agora) - [Charge Robotics](https://millionrounds.com/company/charge-robotics) - [Enrise](https://millionrounds.com/company/enrise) - [Enurgen](https://millionrounds.com/company/enurgen) - [Flexell Space](https://millionrounds.com/company/flexell-space) - [BM2Solar](https://millionrounds.com/company/bm2solar) - [Powertrust](https://millionrounds.com/company/powertrust) - [Crowmie](https://millionrounds.com/company/crowmie) ## Solar software and finance 9 - [Coast Energy](https://millionrounds.com/company/coast-energy) - [SkyVisor](https://millionrounds.com/company/skyvisor) - [GetSolar](https://millionrounds.com/company/getsolar) - [Renewcast](https://millionrounds.com/company/renewcast) - [Glow Energy](https://millionrounds.com/company/glow-energy) - [Telematica](https://millionrounds.com/company/telematica) - [Offgrid.Finance](https://millionrounds.com/company/offgrid-finance) - [Earthbond](https://millionrounds.com/company/earthbond) - [rising.eco](https://millionrounds.com/company/rising-eco) ## Next-generation cells 8 - [Holyvolt](https://millionrounds.com/company/holyvolt) - [CubicPV](https://millionrounds.com/company/cubicpv) - [Guangjing Energy](https://millionrounds.com/company/guangjing-energy) - [*GT* Guangyin Technology](https://millionrounds.com/company/guangyin-technology) - [Active Surfaces](https://millionrounds.com/company/active-surfaces) - [PeroCycle](https://millionrounds.com/company/perocycle) - [Verde Technologies](https://millionrounds.com/company/verde-technologies) - [SoFab Inks](https://millionrounds.com/company/sofab-inks) ## Segment by segment ### Panels and modules 20 startups · $1.0B raised - [**Elvy**](https://millionrounds.com/company/elvy) Elvy is a Stockholm-based energytech startup founded in 2023, specializing in AI-optimized, subscription-based home energy systems. Sweden $595M - [**Sunwafe**](https://millionrounds.com/company/sunwafe) Sunwafe is a European renewable energy company focused on manufacturing silicon ingots and wafers for photovoltaic applications. Spain $216M - [**Girasole Energies**](https://millionrounds.com/company/girasole-energies) Girasole Energies produces photovoltaic electricity for low-carbon and competitive electricity, and operates photovoltaic power plants. France $103M - [**Solarcycle**](https://millionrounds.com/company/solarcycle) SOLARCYCLE is a technology-driven recycling company founded in 2022, focused on solar panel recycling and advanced recovery of mat United States $30M - [**Solar Materials**](https://millionrounds.com/company/solar-materials) SOLAR MATERIALS GmbH is a German cleantech company based in Magdeburg, founded in 2021. Germany $18M - [**Leapting**](https://millionrounds.com/company/leapting) Leapting丽天, officially known as Huzhou LEAPTING Technology Co., Ltd., is a high-tech enterprise founded in July 2022 and based in China $14M - [**Chasing Light Technology**](https://millionrounds.com/company/chasing-light-technology) Chasing Light is a manufacturing firm that specializes in organic semiconductor photovoltaic technology. China $14M - [**Westra Materials**](https://millionrounds.com/company/westra-materials) Internet of things (IoT) comprise electronic devices, such as batteries, displays, solar cells and sensors, and is revolutionizing Sweden $7.3M ### Home and rooftop solar 16 startups · $868M raised - [**BNZ energy**](https://millionrounds.com/company/bnz-energy) BNZ, an independent power producer (IPP), plans, installs, and runs solar photovoltaic projects. Spain $740M - [**Element Energy**](https://millionrounds.com/company/element-energy) Element Energy is a energy consulting firm that offers rooftop solar system services. United States $73M - [**Heliup**](https://millionrounds.com/company/heliup) HELIUP is a French greentech startup founded in 2022, specializing in lightweight solar photovoltaic (PV) modules tailored for lar France $19M - [**Aerem**](https://millionrounds.com/company/aerem) Aerem is a full-stack FinTech platform based in Mumbai, India, focused on promoting rooftop solar energy adoption. India $15M - [**ALVA Energie**](https://millionrounds.com/company/alva-energie) ALVA Energie is a Berlin-based company founded in 2024 that specializes in decentralized energy solutions. Germany $5.8M - [**Unergy**](https://millionrounds.com/company/unergy) Unergy is a CleanTech and FinTech startup based in Medellín, Colombia, founded in 2020. Colombia $4.0M - [**Volter**](https://millionrounds.com/company/volter) Volter is a London-based startup that offers a software platform designed for commercial and real estate owners to optimize their United Kingdom $3.2M - [**GRYD Energy**](https://millionrounds.com/company/gryd-energy) GRYD 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 - [**Rezolv Energy**](https://millionrounds.com/company/rezolv-energy) Rezolv Energy is an independent power producer and renewable energy developer based in Prague, Czech Republic. Romania $763M - [**Sunprime**](https://millionrounds.com/company/sunprime) Sunprime is a fast-growing Independent Power Producer based in Italy focused on Solar C&I, and smart homes segments. Italy $221M - [**Pathway Power**](https://millionrounds.com/company/pathway-power) Pathway Power is a utility-scale solar and battery storage developer building a renewable energy value chain. United States $150M - [**Redeux Energy**](https://millionrounds.com/company/redeux-energy) Redeux Energy is a renewable energy company that specializes in the construction of solar and battery energy storage projects. United States $30M - [**GoodPeak**](https://millionrounds.com/company/goodpeak) GoodPeak is an energy platform that focuses on delivering power and digital infrastructure through integrated assets, primarily in United States $22M - [**Sol Agora**](https://millionrounds.com/company/sol-agora) Sol Agora offers digital solar financing solutions to ease investment in solar energy projects. Brazil $20M - [**Charge Robotics**](https://millionrounds.com/company/charge-robotics) Charge Robotics is dedicated to advancing the renewable energy sector by automating the labor-intensive stages of solar construction. United States $17M - [**Enrise**](https://millionrounds.com/company/enrise) Enrise 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 - [**Coast Energy**](https://millionrounds.com/company/coast-energy) Coast Energy is a commercial and industrial solar energy firm based in El Segundo, California. United States $21M - [**SkyVisor**](https://millionrounds.com/company/skyvisor) SkyVisor is a software company based in Paris that specializes in drone inspection and asset management solutions for the renewabl France $1.3M - [**GetSolar**](https://millionrounds.com/company/getsolar) GetSolar, based in Singapore, is a clean energy startup focused on making renewable energy accessible across Southeast Asia. Singapore $1.3M - [**Renewcast**](https://millionrounds.com/company/renewcast) Renewcast is an Italian startup founded in 2020 that focuses on high-precision renewable energy forecasting, specifically for wind Italy $1.2M - [**Glow Energy**](https://millionrounds.com/company/glow-energy) Glow Energy is a software company that provides solar amenity for renters and rental property owners. United States $500K - [**Telematica**](https://millionrounds.com/company/telematica) Telematica, operated by Martian Mobility Inc., is a software platform that provides a unified API for integrating and optimizing d United States $500K - [**Offgrid.Finance**](https://millionrounds.com/company/offgrid-finance) offgrid.finance is a UK-based financial technology company founded in 2020 and headquartered in Sevenoaks, England. United Kingdom $439K - [**Earthbond**](https://millionrounds.com/company/earthbond) We'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 - [**Holyvolt**](https://millionrounds.com/company/holyvolt) Holyvolt is a Swedish deep-tech energy startup founded in 2022, with its headquarters in Stockholm and additional operations in Mu Sweden $45M - [**CubicPV**](https://millionrounds.com/company/cubicpv) CubicPV is a solar manufacturing company that produces wafers and tandem modules. United States $33M - [**Guangjing Energy**](https://millionrounds.com/company/guangjing-energy) Guangjing Energy develops perovskite solar cell modules to achieve industrialized mass production and sales. - $18M - [*GT* **Guangyin Technology**](https://millionrounds.com/company/guangyin-technology) Guangyin Technology focuses on the research and development and production of perovskite photovoltaics. - $14M - [**Active Surfaces**](https://millionrounds.com/company/active-surfaces) Active Surfaces is a solar technology startup founded in 2022, focusing on developing ultra-thin, flexible solar panels made from United States $5.6M - [**PeroCycle**](https://millionrounds.com/company/perocycle) PeroCycle is a carbon recycling technology company dedicated to reducing CO2 emissions in steel production. United Kingdom $4.7M - [**Verde Technologies**](https://millionrounds.com/company/verde-technologies) Verde Technologies specializes in the production of perovskite solar cells that offers thin film and flexible solar panels. United States $3.0M - [**SoFab Inks**](https://millionrounds.com/company/sofab-inks) Sofab Inks is a Kentucky-based startup focused on chemical manufacturing, particularly in advanced nanoparticle inks and materials United 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. ## More market maps [All maps](https://millionrounds.com/market-maps) [Market map **Solar market map** 367 startups · 6 segments · $35B](https://millionrounds.com/market-maps/solar-market-map)[Investors map **Who invests in solar** 104 investors · 6 segments](https://millionrounds.com/market-maps/solar-investors-map)[Raised in 2026 **Solar startups that raised in 2026** 46 startups · 5 segments · $15B](https://millionrounds.com/market-maps/solar-raised-2026-market-map)[Market map · United States **Solar market map: United States** 158 startups · 6 segments · $21B](https://millionrounds.com/market-maps/solar-united-states-market-map)[Market map · Europe **Solar market map: Europe** 109 startups · 6 segments · $7.3B](https://millionrounds.com/market-maps/solar-europe-market-map)[Market map · United Kingdom **Solar market map: United Kingdom** 28 startups · 6 segments · $1.4B](https://millionrounds.com/market-maps/solar-united-kingdom-market-map) ## Who backs solar? Open any company for its rounds and investors, or search the investors behind these startups in the app, with filters, lists and exports. [Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[Top lists](https://millionrounds.com/top-lists)