Solar installer Sungevity said Tuesday it raised $6 million in series B funding as it prepares to double it sales force and expand into three new markets by the end of the year.
Sungevity says demand remains strong in rooftop solar
The Berkeley company lets homeowners order rooftop solar panels on the Internet, saving them time and money.
The financing, which closed this month, brings to $8.7 million the money the startup has raised. The most recent round was led by Greener Capital, a new venture firm, and joined by angels who were previous investors. Greener Capital Managing Partner Charles Finnie will join the company’s board.
Sungevity co-founder Danny Kennedy said the company is putting the money to work by adding several new executives to its management ranks, including CFO Charles Ferer, who came from solar installer SolarCity.
He added that market demand remains strong with August the biggest sales month in the company’s history. Sungevity has 220 customers.
The company meanwhile is preparing to offer leasing terms to customers starting in 2010, Kennedy said.
home solar power financing…
Solar installer Sungevity said Tuesday it raised 6 million in series B funding as it prepares to dou [...]…