Sungevity, a company is a provider and
maker of solar components and installer of them too, have raised a seed funding
of $70 million in new financing as it looks to expand globally. Company also
provides a installing and maintenance of solar components to call centers and
service centers. This round was leaded by the lead investor of the company
called Jetstream Ventures, which focused on those companies who made good
products help to keep up the environment. Some other investors, who have injected
about $125 million to the company, when they started in July 2013 based in
Oakland. With this funding Sungevity planning to double its sale in US and
expanding more in Netherlands and Australia, launched in 2011 and 2012.
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| Sungevity Home Page |
Sungevity said “As new, more customer-centric solutions around residential solar
arise, we want to provide our customers with the best solutions available,”
said Susana Quintana-Plaza, vice president of technology and innovation/strategic
co-investment at E.On. “Our capital investment in Sungevity’s technology and
customer-centric platform is a significant part of this. The company sells
solar design and integration services to consumers in nine states and the
District of Columbia, and is the exclusive partner to the home repair and
furnishing retailer Lowe’s. “We are the hub, if you will, for
several partners in different areas of the industry, we are the
hub for equipment partners in terms of panels and modules and installers and
also financing partners”
Companies are fighting each other to keep
their business up like recently IBM battled with Airtel to save their contract money. So Sungevety is no other than them and raising funds to expand more.
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