Aurora Solar raises $20 million to automate solar panel installation
Despite recent setbacks, solar remains a bright spot in the often wobbly renewable energy sector. In the U.S., the solar market is projected to top $22.90 billion by 2025, driven by falling materials costs and growing interest in offsite and rooftop installations. Moreover, in China -- the world's leading installer of solar panels and the largest producer of photovoltaic power -- 1.84 percent of the total electricity generated in the country two years ago came from solar. There's clearly growth -- which San Francisco startup Aurora Solar seeks to capitalize on with a novel solution combining lidar data, computer-assisted design, and computer vision. The company, which develops a suite of software that streamlines the solar panel installation process, today announced it has secured $20 million in a Series A round of financing from Energize Ventures, with contributions from S28 Capital and existing investor Pear.
Feb-4-2019, 16:15:21 GMT
- Country:
- Africa > East Africa (0.05)
- Asia > China (0.25)
- North America > United States
- California > San Francisco County
- San Francisco (0.25)
- Connecticut (0.05)
- Massachusetts (0.05)
- New Jersey (0.05)
- New York (0.05)
- Oregon (0.05)
- California > San Francisco County
- Technology:
- Information Technology > Artificial Intelligence > Vision (0.72)