The solar tracker system industry in Latin America is experiencing robust growth, driven by the rising demand for renewable energy solutions. Companies in this sector predominantly engage in the manufacturing and installation of solar trackers that enhance solar panel efficiency by adjusting their position according to sunlight. This alignment increases energy output and offers long-term savings for businesses and homeowners alike. As the region strives for sustainable development and energy independence, the solar tracker sector is poised for innovation and expansion, attracting investments aimed at advanced technologies and infrastructure improvements.


The list features a mix of corporate and venture capital investors, predominantly based in major urban hubs like Sao Paulo, Buenos Aires, and Mexico City. These firms range in size from small startups to large corporations, with investments primarily aimed at fostering innovation in the renewable energy landscape. Most were established after 2000 and have shown a strong commitment to the solar sector, with the total number of investments in 2024 showcasing their active participation in advancing solar tracker systems in Latin America.


Top 13 Solar Tracker System Investors in Latin America


1. bossa invest

  • Website: bossainvest.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 56
  • LinkedIn: bossainvest

Bossa Invest is a venture capital firm based in Sao Paulo, Brazil, founded in 2011. The firm specializes in investing in innovative startups, particularly in the technology sector, and has a strong focus on supporting entrepreneurs through capital, strategic guidance, and access to a network of co-investors. In recent years, Bossa Invest has been actively involved in the renewable energy sector, with notable investments in companies like SolarZ, which raised $303,687 in a Pre Seed Round in April 2022, and Solfácil, which secured funding through both Debt Financing and Seed Round in 2022 and 2019, respectively. These transactions highlight Bossa Invest's commitment to fostering growth in the solar energy market, making them a significant player in the solar tracker system context.


2. Weg

  • Website: weg.net
  • Type: Corporate
  • Headquarters: Florianopolis, Santa Catarina, Brazil
  • Founded year: 1961
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: weg

WEG S.A. is a prominent electric equipment manufacturer based in Florianopolis, Brazil, with a global presence in around 140 countries. Founded in 1961, the company specializes in electric motors, generators, transformers, and automation solutions, serving various industries. In recent years, WEG has made strategic acquisitions to enhance its portfolio in the renewable energy sector. Notably, in November 2024, WEG acquired REIVAX, a Brazilian company focused on renewable energy solutions, which aligns with the growing demand for energy reliability and grid resilience. This acquisition reflects WEG's commitment to expanding its capabilities in the renewable energy market. Additionally, WEG has been involved in other acquisitions, such as Northern Power Systems' Utility Wind assets and CG Power USA Inc., which, while primarily focused on wind and transformer technologies, indicate a broader interest in energy solutions. The company's recent minority stake acquisition in Bewind further emphasizes its strategy to diversify and strengthen its position in the energy sector.


3. BBVA en Argentina

  • Website: bbva.com.ar
  • Type: Corporate
  • Headquarters: General Pacheco, Buenos Aires, Argentina
  • Founded year: 1886
  • Headcount: 5001-10000
  • Number of deals in 2024: 7
  • LinkedIn: bbva-argentina

BBVA Argentina is a banking institution founded in 1886, located in General Pacheco, Buenos Aires. It offers a comprehensive range of financial services, including personal and corporate banking, investment management, and insurance products. In recent years, BBVA has shown a strong commitment to renewable energy investments, particularly in the solar sector. Notable transactions include a $176 million debt financing for Solarpack in March 2024, and a $112 million financing deal for X-Elio's solar projects in Spain, which highlights their active role in supporting solar energy initiatives. Additionally, they participated in financing for Qualitas Energy and Siemens Gamesa Renewable Energy, further emphasizing their engagement in the renewable energy market.


4. BBVA en México

  • Website: bbva.mx
  • Type: Venture Capital
  • Headquarters: Cuauhtemoc, Ciudad De México, Mexico
  • Founded year: 1932
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: bbva-mexico

BBVA México is a prominent financial institution that offers a comprehensive range of banking services, including credit cards, loans, investment products, and insurance. Founded in 1932, the bank serves both individual consumers and businesses, addressing their diverse financial needs through various products and services. Notably, BBVA operates a digital platform that facilitates easy access to its offerings. In the context of solar energy, BBVA has demonstrated its commitment to the sector by participating in a significant debt financing transaction with Soltec Trackers, where it raised $100 million in October 2018. This investment highlights BBVA's engagement in the renewable energy space, particularly in solar tracking technology, which is crucial for optimizing solar energy production.


5. Canary

  • Website: canary.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 23
  • LinkedIn: canary-venture-capital

Canary is a venture capital firm based in Sao Paulo, Brazil, founded in 2017. They specialize in early-stage investments across Latin America, focusing on supporting entrepreneurs with capital, co-founding assistance, and building a strong community of innovators. Notably, Canary has participated in several transactions relevant to the solar energy sector, including a R$ 50 million investment in zMatch, a startup that integrates electric cars and solar energy. Additionally, they invested in Bia Energy, which raised $6 million in a Pre-Seed round, and Lemon Energy, which secured $3 million in a Seed round. These investments highlight Canary's commitment to fostering growth in the renewable energy space, particularly in solar energy, making them a relevant player in the solar tracker system industry.


6. ALIVE Ventures


ALIVE Ventures, formally known as Acumen Latam Impact Ventures, is a not-for-profit organization based in Bogota, Colombia, that focuses on impact investing in Latin America. Founded in 2017, ALIVE Ventures aims to invest in socially impactful companies that address economic inequality and improve the lives of low-income communities. The organization provides capital and support to companies operating in various sectors, including education and renewable energy. Notably, ALIVE has been involved in transactions such as HYBRICO Energy Technologies, which raised $2 million in May 2023, and Suncolombia, which raised an undisclosed amount in October 2019. These investments highlight ALIVE's commitment to fostering innovation in the renewable energy sector, potentially including solar technologies and systems.


7. Bridge Latam

  • Website: bridgelat.com
  • Type: Corporate
  • Headquarters: Mexico City, Mexico City, Mexico
  • Founded year: 2021
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: bridge-partners-latam

Bridge Latam is an investment firm based in Mexico City, founded in 2021, that focuses on supporting entrepreneurs and startups within the Latin American tech ecosystem. They provide investment, networking opportunities, and operational support to help businesses grow and succeed. Notably, Bridge Latam has been involved in several transactions relevant to the solar energy sector, including a significant investment in Niko Energy, which raised $3.3 million in seed financing for solar installations. This investment reflects their interest in the renewable energy space, particularly solar, and their commitment to fostering innovation in this area. Additionally, they have participated in other ventures, such as SIMA Software CORP and Refurbi, showcasing their diverse investment strategy while maintaining a focus on impactful regional solutions.


8. Redwood Ventures

  • Website: redwood.ventures
  • Type: Venture Capital
  • Headquarters: Guadalajara, Jalisco, Mexico
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: redwoodventuresmx

Redwood Ventures is a venture capital firm based in Guadalajara, Jalisco, Mexico, founded in 2017. The firm specializes in investing in technology-driven startups across various sectors, including fintech, e-commerce, and healthtech. They provide financial backing and strategic support to entrepreneurs, helping them navigate the challenges of scaling their businesses. In 2023, Redwood Ventures participated in a $3 million seed funding round for Solfium Inc., a company likely involved in solar technology, alongside other investors such as RaliCap and Katapult VC. This investment indicates their interest in the renewable energy sector, particularly in solar technology. Additionally, they have been involved in other seed rounds, such as Ares Materials, showcasing their active role in supporting innovative startups.


9. Alaya Capital


Alaya Capital is a venture capital firm based in Córdoba, Argentina, founded in 2010. The firm specializes in investing in the next generation of digital entrepreneurs across Latin America, providing both funding and strategic support to help startups scale and grow in competitive markets. Alaya Capital focuses on technology-driven businesses that aim to create a positive impact. Notably, they participated in an investment round for Inti Tech, a Chilean robotics startup that developed an autonomous robotic system for the dry cleaning of photovoltaic power plants. This investment highlights their engagement in the solar energy sector, particularly in technologies that enhance the efficiency and maintenance of solar installations. Additionally, they have invested in Kilimo, a company that may have relevance in the agricultural technology space, but their involvement with Inti Tech is particularly significant in the context of solar energy.


10. Crescera Capital

  • Website: crescera.com
  • Type: Private Equity
  • Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: bozano-investimentos

Crescera Capital is a private equity and venture capital investment firm based in Rio de Janeiro, Brazil, founded in 2008. The firm specializes in providing growth capital and strategic guidance to mid-sized companies across various sectors, including education, technology, and health. In 2023, Crescera Capital participated in a funding round for 77 Sol, a company focused on solar energy, raising R$ 14 million alongside EDP Ventures. This investment highlights Crescera's engagement in the renewable energy sector, particularly in solar energy, which is relevant to the solar tracker system industry. Additionally, they have been involved in other transactions, such as Segware, although it is not directly related to solar energy. Overall, Crescera Capital's investment in 77 Sol positions them as a potential investor in the solar tracker system market.


11. Brasil Venture Debt


Brasil Venture Debt is a venture capital firm based in Sao Paulo, Brazil, founded in 2019. The firm specializes in providing venture debt solutions to innovative and high-growth companies, allowing them to access capital without diluting ownership. This enables startups to expand and leverage equity rounds effectively. Notably, Brasil Venture Debt has been involved in financing transactions with companies like Solfácil, which raised significant amounts in debt financing for solar energy projects, including $20 million in December 2020 and an undisclosed amount in January 2022. Additionally, they have supported Solubio Agricultural Technologies with $2,578,631 in debt financing. These transactions highlight their engagement with the renewable energy sector, particularly solar, although their broader focus remains on various innovative sectors.


12. Savia Ventures


Savia Ventures is a venture capital firm founded in 2023, based in Mexico, that focuses on climate technology investments in Latin America. They aim to support early-stage startups that are addressing climate change through innovative solutions. One of their notable transactions includes participating in a $3 million USD seed funding round for Solfium Inc., a company that is likely involved in solar technology, alongside other investors such as Redwood Ventures and Katapult VC. This investment highlights Savia Ventures' commitment to supporting companies that contribute to the renewable energy sector, particularly in solar energy solutions. Additionally, they provide advisory services to help these companies grow, further emphasizing their role in fostering climate-focused innovations.


13. Barn Investimentos


Barn Consultoria e Gestão de Recursos LTDA, known as Barn Investimentos, is a venture capital firm based in Sao Paulo, Brazil, founded in 2012. The firm specializes in Greentech investments across Latin America, focusing on sustainable technologies in various sectors, including agriculture, transport, and renewable energy. Barn Investimentos has been actively involved in funding companies that promote environmental sustainability while aiming for financial returns. Notably, they participated in the Series Seed funding round for Nextron Energia, a Brazilian clean energy distributor, which raised US$2.28 million to support technological and business expansion in the clean energy sector. Additionally, they were involved in a Series A funding round for Nextron Energia, raising $5,257,835, further emphasizing their commitment to investing in clean energy solutions that may include solar tracker systems.



Solar Tracker System Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
bossa investSao Paulo, Sao Paulo, Brazil11-50201156
WegFlorianopolis, Santa Catarina, Brazil10001+19614
BBVA en ArgentinaGeneral Pacheco, Buenos Aires, Argentina5001-1000018867
BBVA en MéxicoCuauhtemoc, Ciudad De México, Mexico10001+19322
CanarySao Paulo, Sao Paulo, Brazil11-50201723
ALIVE VenturesBogota, Bogota, Colombia1-1020173
Bridge LatamMexico City, Mexico City, Mexico1-1020215
Redwood VenturesGuadalajara, Jalisco, Mexico11-5020175
Alaya CapitalCórdoba, Cordoba, Argentina1-1020105
Crescera CapitalRio De Janeiro, Rio De Janeiro, Brazil11-5020087
Brasil Venture DebtSao Paulo, Sao Paulo, Brazil1-1020190
Savia VenturesMexico1-1020231
Barn InvestimentosSao Paulo, Sao Paulo, Brazil1-1020125


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