Sungevity Attracts Additional Investment
7/3/2013
OAKLAND, CA
The company currently services nine U.S. states including Arizona, California, Colorado, Connecticut, Delaware, Maryland, Massachusetts, New Jersey and New York. The company also has a presence in Europe through Netherlands-based, Zonline, and in Australia through a joint venture called Sungevity Australia.
“We are very pleased with our continued upward trajectory domestically and internationally,” said Andrew Birch, Sungevity CEO. “Our sales have doubled over prior year and we are starting to see significant volume from Europe, with utility partnerships and customer referrals driving the uptake.” Birch continued, “Our scalable model allows us to capitalize on new growth opportunities faster and with fewer dollars.”
“GE Ventures is pleased to invest in Sungevity for its sophisticated technology platform, capital light business model and strong potential for growth as rooftop solar hits meaningful scale,” said Colleen Calhoun, Senior Executive Director for GE Energy Ventures.
ABOUT GE VENTURES
GE Ventures is committed to identifying, scaling and accelerating ideas that will make the world work better. Focused on the areas of software, advanced manufacturing, energy and healthcare, GE Ventures helps entrepreneurs and start-ups succeed by providing access to GE’s technical expertise, capital and opportunities for commercialization through GE’s global network of business, customers and partners. GE Ventures is headquartered in Menlo Park, CA.
ABOUT SUNGEVITY
Sungevity, Inc. is a technology-driven solutions provider, offering exceptional service and choice to residential and commercial solar energy customers. Sungevity’s asset-light business model focuses on value-added in-house services for software platform development, project management and customer experience; this focus is enabled by a strong, scalable network of third-party providers for asset-intensive and/or lower margin provision of hardware, installation services and financing. Sungevity’s disruptive and competitive model delivers greater value directly to customers and, for stockholders, captures immediate financial value at the time of sale.
CONTACT:
John Ordoña
Sungevity, Inc.
(510) 496-5673
jordona@sungevity.com