Total amount raised
$5.5 Billion
Latest funding date
1/1/2025
Location
Sunrun has successfully raised funding over 25 rounds, with the latest being a Post-IPO Debt round. The company is backed by 15 investors, including Massachusetts Clean Energy Center and Investec.
Sunrun's journey in the residential solar and battery storage market is marked by strategic investments and acquisitions, such as the acquisition of Vivint Solar. Keep reading to explore the intricacies of Sunrun's fundraising journey and the investors backing this innovative platform.
What Is Sunrun?
Sunrun, based in San Francisco, California, is a leading provider of residential solar electricity and battery storage solutions. The company operates in various industries, including Battery, Clean Energy, Energy, Renewable Energy, and Solar.
With a workforce of over 10,001 employees, Sunrun is recognized as America's top home solar and storage company. The company offers expertly installed solar and battery systems, competitive pricing, and comprehensive guarantees, ensuring customer satisfaction and innovative technology.
How Much Funding Has Sunrun Raised?
- Post-IPO Debt
- Amount Raised: USD 835,000,000
- Date: January 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Sunrun's growth and expansion in the residential solar market.
- Post-IPO Debt
- Amount Raised: USD 715,000,000
- Date: September 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Sunrun's clean energy solutions and fund potential acquisitions.
- Post-IPO Debt
- Amount Raised: USD 475,000,000
- Date: February 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and enhance its solar and battery storage offerings.
- Post-IPO Debt
- Amount Raised: USD 230,000,000
- Date: April 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand Sunrun's market presence and invest in new technologies.
- Post-IPO Debt
- Amount Raised: USD 886,300,000
- Date: June 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance customer service capabilities.
- Post-IPO Debt
- Amount Raised: USD 365,000,000
- Date: September 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing projects and future expansions.
- Post-IPO Debt
- Amount Raised: USD 629,000,000
- Date: January 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance Sunrun's product offerings and market reach.
- Post-IPO Debt
- Amount Raised: USD 431,000,000
- Date: July 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund new initiatives and support business growth.
- Post-IPO Debt
- Amount Raised: USD 510,000,000
- Date: September 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding Sunrun's clean energy solutions and market presence.
- Grant
- Amount Raised: USD 561,000
- Date: December 2017
- Lead Investors: Massachusetts Clean Energy Center
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Sunrun's early-stage development and clean energy projects.
Total Amount Raised: USD 5,076,861,000. Current Valuation: Not publicly disclosed.
Key Investors
- Massachusetts Clean Energy Center
- Details: Massachusetts Clean Energy Center is a state economic development agency dedicated to accelerating the growth of the clean energy sector across the Commonwealth to spur job creation, deliver statewide environmental benefits, and secure long-term economic growth for the people of Massachusetts.
- Investment Focus Areas: Clean energy, Renewable energy, Energy efficiency
- Notable Investments: Sunrun, Greentown Labs, 1366 Technologies
- Investec
- Details: Investec is an international banking and wealth management group, providing a range of financial products and services to a niche client base in three principal markets: the United Kingdom, South Africa, and Australia.
- Investment Focus Areas: Financial services, Asset management, Investment banking
- Notable Investments: Sunrun, Funding Circle, TransferWise
What's Next for Sunrun?
Sunrun stands at the cusp of significant growth opportunities, driven by its recent $303 million funding to expand its rooftop solar business. This financial boost positions Sunrun to capitalize on the growing demand for clean energy solutions, despite market uncertainties such as potential tariffs on foreign-made solar panels.
Future fundraising efforts are likely as Sunrun continues to scale its operations and navigate industry challenges. The company may seek additional funding to support its expansion and possibly explore strategic acquisitions to strengthen its market position.
However, Sunrun faces challenges, including competition from cheaper foreign-made solar panels and potential price increases due to tariffs. These factors could impact consumer adoption rates and market growth, requiring Sunrun to adapt and innovate continuously.
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