Solyndra develops and supplies solar panels, system kits, and related components for off-grid and grid-tied applications. The company’s product set includes modular panels, battery banks, inverters, charge controllers and installation support for commercial, residential and remote deployments. Solyndra emphasizes turnkey systems, financing options, and technical support to help customers transition to solar power. Its solutions target distributed energy needs such as telecom towers, microgrids, small commercial facilities, and residential installations where reliability, ease of installation, and lifecycle economics matter.
What Is Solyndra and What Does It Do?
Solyndra, founded in 2005 by Christian Gronet, is a Fremont–based (United States) solar energy company providing solar modules, system kits and supporting components for on- and off-grid energy systems. Solyndra employs 501-1,000 people and delivers packaged solutions for customers seeking renewable power with integrated storage and control.
The company pairs hardware with financing and installation services to reduce project complexity. Solyndra focuses on adaptability across climates and application types, aiming to simplify transitions from diesel and grid backup to cleaner solar alternatives.
How Much Funding Has Solyndra Raised?
1. Series E
- Amount Raised: $147K
- Date: January 2018
- Motivation: Product refinements and niche deployments.
2. Conventional Debt
- Amount Raised: $187M
- Date: March 2011
- Motivation: Working capital and manufacturing support.
3. Conventional Debt
- Amount Raised: $75M
- Date: January 2011
- Motivation: Project financing and inventory financing.
Total Funding Raised: $845 Million
Current Valuation: $1 Billion (as of Aug 2011)
Latest Funding Date: January 2018
Key Investors
1. KKR
- Details: Global investment firm participating in infrastructure and energy deals.
- Investment Focus Areas: Energy, infrastructure, industrials.
- Notable Investments: Various energy & infrastructure platforms.
2. Redpoint Ventures
- Details: VC firm that backs technology and cleantech innovation.
- Investment Focus Areas: Clean energy, enterprise tech, consumer internet.
- Notable Investments: Solyndra, Netflix (early VC landscape connections), Stripe (other portfolio examples).
3. USVP / CMEA Capital (other VCs)
- Details: Growth investors supporting cleantech companies through scale phases.
- Investment Focus Areas: Energy, hardware, renewable tech.
- Notable Investments: Various early cleantech and hardware startups.
Where Is Solyndra’s Headquarters?
Solyndra is headquartered in Fremont, United States, close to major West Coast manufacturing and supply-chain partners.
What’s Next for Solyndra?
Solyndra will pursue modular system deployments, hybrid solar + storage solutions, and financing options to accelerate adoption in remote and commercial markets while refining manufacturing economics.
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