Fundz

Nextracker Announces Investment And Partnership With Tpg Rise Climate

PRIVATEFeb 02, 2022

Round Type

Venture

FremontEnergySustainabilityNatural Resources

Description

Flex (NASDAQ: FLEX) announced today that it has entered into an agreement to sell $500 million of convertible preferred equity in Nextracker to TPG Rise Climate, the dedicated climate investing strategy of TPG's global impact investing platform TPG Rise. Through this strategic partnership and investment from TPG Rise Climate, Nextracker will continue to expand its market leading position in solar tracking and software solutions. TPG's experience and extensive network in renewable energy provide Nextracker a strong partner to support long-term growth.

Quick answer

Nextracker raised an undisclosed amount in a funding round, dated February 2, 2022. Nextracker is based in Fremont, California, United States.

How much did Nextracker raise?
Nextracker raised an undisclosed amount in a funding round on February 2, 2022.
What does Nextracker do?
Nextracker innovates and delivers a leading solar power technology platform with integrated tracker, electrical solutions, and yield management and control systems for utility-scale and distributed generation projects.
Where is Nextracker based and how big is it?
Nextracker is based in Fremont, California, United States.
Who are the decision-makers at Nextracker?
Fundz holds 4 contacts at Nextracker, including the Vice President Robotics and AI. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Sustainability around the same time

Companies in the same sectors as Nextracker that raised within 45 days of this round, from Fundz verified event records.

  • Planetary Technologies raised $7.8M (Funding Round) on March 17, 2022.
  • Validere raised $43M (Funding Round) on March 15, 2022.
  • Aurora Solar raised $200M on March 2, 2022.
  • Erthos raised $18M (Series B) on March 1, 2022.
  • Aurora Solar raised $200M (Series D) on February 28, 2022.
  • Palmetto raised $375M (Funding Round) on February 24, 2022.

Who to call at Nextracker, and when

A new round usually means Nextracker is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Nextracker

Location

Fremont, California, United States

About

Nextracker innovates and delivers a leading solar power technology platform with integrated tracker, electrical solutions, and yield management and control systems for utility-scale and distributed generation projects. Our advanced technology enables solar power plants to follow the sun’s movement across the sky and optimize performance. With systems operating in more than 40 countries worldwide, Nextracker offers innovative solutions that accelerate solar power plant construction, increase energy output, and enhance long-term reliability.

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Fundz sees it the moment Nextracker raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

4 contacts
Verified contactsDerek C., Vice President Robotics and AISee plans and pricing
Predictive Intelligence
Strategic

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Nextracker raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.