Planted Solar raised $20M in a Series A funding round led by Breakthrough Energy Ventures and Khosla Ventures to launch and scale up its solar power deployment product.

Jun 19, 2024•over 1 year ago

Amount Raised

$20 Million

Round Type

series a

OaklandSolarRenewable EnergyEnergy

Investors

Khosla VenturesBreakthrough Energy Ventures

Description

Planted Solar, a company based in Oakland, California, has emerged from stealth mode and announced the closing of a Series A funding round worth USD 20 million. The funding round was backed by Breakthrough Energy Ventures and Khosla Ventures. The company also secured an 11 MW partnership with US distributed solar and storage project developer Cultivate Power to deliver community solar developments in the Chicago area.

Company Information

Company

Planted Solar

Location

Oakland, California, United States

About

Planted Solar has reinvented the solar power plant from design to installation with a rapid solar deployment platform to generate 2x more energy per acre, complete projects 3x as fast, and dramatically accelerate solar development throughput. Planted Solar uses development software and construction robots to build flexible, all-terrain, high-density power plants on previously unviable land. Backed by Breakthrough Energy Ventures and Khosla Ventures, Planted Solar's mission is to rapidly power the world with clean and abundant energy.

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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