The solar tracker system industry in the US enhances solar energy efficiency by adjusting the orientation of solar panels to follow the sun's path. Companies in this sector design, manufacture, and integrate tracking systems that boost energy production for both residential and commercial applications. With a focus on sustainability, they provide innovative solutions ranging from single-axis trackers to advanced multi-axis systems. Increasing demand for renewable energy solutions and advancements in technology point towards robust growth. In 2024, the solar tracker market is expected to thrive, driven by ongoing investments in clean energy and policy support for carbon reduction initiatives.


This analysis identifies 14 prominent investors in the solar tracker system industry, ranging from venture capital firms to not-for-profit organizations. The investors are notable for their varied headquarter locations—from Honolulu to New York— and sizes, typically employing between 51 and over 10,000 individuals. Founded between 1976 and 2023, these investors collectively engaged in a remarkable 1,100 transactions throughout 2024. Their commitment to clean energy and innovative solutions highlights the increasing focus on sustainable investments and energy efficiency in the coming years.


Top 14 Solar Tracker System Investors in the US


1. Y Combinator

  • Website: ycombinator.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 51-200
  • Number of deals in 2024: 802
  • LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It specializes in providing funding and mentorship to early-stage technology companies, having successfully launched over 4,000 startups. Among its notable investments is Raptor Maps, which has raised significant funding across multiple rounds, including a Series C round of $35 million in December 2024 and earlier rounds totaling $5 million in Series A and an undisclosed amount in Seed and Venture rounds. Raptor Maps focuses on software solutions for solar energy asset management, which aligns with the solar tracker system industry. Additionally, Y Combinator has invested in Glow Energy, a company that raised $500,000 in a Seed round in June 2022, further indicating their interest in the energy sector. This diverse portfolio showcases Y Combinator's role as a key player in fostering innovation within the renewable energy landscape.


2. Sosv

  • Website: sosv.com
  • Type: Venture Capital
  • Headquarters: United States (USA)
  • Founded year: 1995
  • Headcount: 51-200
  • Number of deals in 2024: 170
  • LinkedIn: sosv

SOSV is a venture capital firm founded in 1995, specializing in funding and supporting deep tech startups through its development programs. With a global reach, SOSV connects innovative companies with investors, providing not only venture capital investment but also resources to help startups grow and succeed. In 2023, they invested in Solano Energy, a company focused on solar energy solutions, during its Pre-Seed round. This investment highlights SOSV's commitment to the climate technology sector. Additionally, their portfolio includes other startups like Seeder and Swap Robotics, showcasing their diverse investment strategy while still maintaining a focus on impactful technologies.


3. Plug and Play Tech Center


Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. They connect startups with corporations to foster growth and innovation, offering various programs including accelerator initiatives and investment opportunities. In the solar sector, they have made notable investments such as Solar Analytics, which raised $4.75 million in Series B funding in 2018, and Geli, which secured funding in Series A. Additionally, they participated in funding rounds for Sunsave, a provider of solar subscription services, contributing to both a Pre-Seed round in 2022 and a Seed round in 2023. They also invested in Mona Lee Solar, which raised $3.25 million in a Seed round in 2023. These transactions highlight their active role in supporting solar technology startups, reinforcing their relevance in the solar tracker system industry.


4. Deep Tech Fund (an Alumni Ventures Fund)

  • Website: av.vc
  • Type: Venture Capital
  • Headquarters: Manchester, New Hampshire, United States (USA)
  • Founded year: 2023
  • Headcount: 51-200
  • Number of deals in 2024: 258
  • LinkedIn: deep-tech-fund-av-focused-fund

Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. It provides accredited investors and institutions with access to professionally-managed, diversified venture portfolios, leveraging a network of over 10,000 investors. The fund has been involved in several notable transactions in the solar industry, including a significant investment in Enact Systems, which raised $11.5 million in Series A funding for its end-to-end software platform for solar and energy storage projects. Additionally, they participated in earlier funding rounds for Enact, indicating a sustained interest in solar technology. Other relevant transactions include investments in companies like Omnidian, which operates in the solar sector, showcasing the fund's commitment to supporting innovative solutions in renewable energy.


5. Elemental Impact


Elemental Impact is a not-for-profit organization based in Honolulu, Hawaii, founded in 2012. Their mission focuses on scaling climate technologies with significant community impact, providing funding opportunities, community engagement strategies, and educational resources to support climate technology companies and local governments. They aim to address the funding gap for early-stage climate projects and foster partnerships that enhance community benefits. Notably, Elemental Impact has been involved in several transactions relevant to the solar energy sector, including a $4.75 million Series B investment in Solar Analytics in 2018 and a $1.5 million bridge investment in Allume Energy in 2023, which aims to expand rooftop solar access across the Southeastern United States. These transactions highlight their active role in supporting solar technology initiatives, reinforcing their relevance in the solar tracker system context.


6. Breakthrough Energy


Breakthrough Energy is a not-for-profit organization founded in 2015, based in Kirkland, Washington, dedicated to accelerating the transition to a net-zero economy. They support innovative technologies and advocate for policies that promote clean energy solutions. Breakthrough Energy Ventures has been involved in several significant transactions in the renewable energy sector, particularly in solar energy. For instance, they led a $9 million investment in Arnergy, a Nigerian startup focused on providing clean solar energy to SMEs. They also participated in a $20 million Series A funding for Planted Solar, which is involved in solar energy solutions. Additionally, they co-led a $44 million Series B financing round for Terabase Energy, a company that aims to reduce costs and enhance scalability in solar power through digital and robotic automation for utility-scale PV power plants. These transactions highlight Breakthrough Energy's commitment to advancing solar technologies and their relevance in the solar tracker system context.


7. IFC - International Finance Corporation

  • Website: ifc.org
  • Type: Venture Capital
  • Headquarters: Washington, D.C., District Of Columbia, United States (USA)
  • Founded year: 1956
  • Headcount: 1001-5000
  • Number of deals in 2024: 107
  • LinkedIn: ifclinkedin

The International Finance Corporation (IFC) is a not-for-profit organization established in 1956, dedicated to fostering private sector development in emerging markets. Based in Washington, D.C., IFC provides investment, advisory, and asset management services to businesses and financial institutions, helping them access capital and expertise to promote economic growth. IFC operates in over 100 countries, addressing poverty and promoting sustainable development. Notably, IFC has made significant investments in the renewable energy sector, including solar power. For instance, it provided a $20 million facility to Daystar Power, a company focused on hybrid solar power solutions in West Africa, to expand its solar capacity. Additionally, IFC invested $15 million in CleanMax Solar to support the construction of green field solar projects across India. These transactions highlight IFC's active role in financing solar energy initiatives, making it a relevant player in the solar tracker system industry.


8. Los Angeles Cleantech Incubator


The Los Angeles Cleantech Incubator (LACI) is a not-for-profit organization founded in 2011, based in Los Angeles, California. LACI is dedicated to fostering an inclusive green economy by supporting cleantech startups through various programs, including business acceleration and funding opportunities. They focus on sustainable technologies and practices, which aligns with the goals of the solar tracker system industry. Notably, LACI has been involved in several transactions relevant to solar technology, such as Mirai Solar, which raised funds in 2022, and SolarFi, which also secured funding in 2021. These transactions highlight LACI's commitment to supporting innovations in solar energy, making them a significant player in the cleantech sector.


9. Goldman Sachs

  • Website: goldmansachs.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 59
  • LinkedIn: goldman-sachs

Goldman Sachs is a prominent investment bank and financial services firm based in New York, founded in 1998. The firm provides a wide range of services including investment banking, asset management, and wealth management, catering to a diverse clientele that includes corporations, financial institutions, and individuals. Goldman Sachs has been actively involved in the renewable energy sector, particularly in solar energy. Notable transactions include a $175 million debt financing for Sunnova, a leading residential solar provider, and a $9.67 million Series B investment in Suntech Power, a major solar panel manufacturer. Additionally, their investment in Tesla, which raised $1.46 billion in post-IPO equity, highlights their interest in companies that are expanding into solar energy solutions. These transactions demonstrate Goldman Sachs' commitment to supporting the growth of the solar industry, making them a relevant player in the solar tracker system investment landscape.


10. Climate Capital

  • Website: climatecapital.co
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 17
  • LinkedIn: climatecap

Climate Capital is a venture capital firm based in San Francisco, California, founded in 2015. The firm focuses on supporting early-stage climate tech companies, providing funding and resources to founders dedicated to emissions reduction and climate adaptation. Their investment model emphasizes community building and access to a network of investors and industry experts, which helps entrepreneurs scale their businesses effectively. Notably, Climate Capital has participated in funding rounds for companies like Swift Solar, which raised a total of $44 million in a Series A financing round, indicating their involvement in the solar energy sector. Additionally, they have invested in other climate tech startups such as Odyssey and Hohm Energy, further showcasing their commitment to advancing clean energy solutions.


11. Silicon Valley Bank

  • Website: svb.com
  • Type: Venture Capital
  • Headquarters: Santa Clara, California, United States (USA)
  • Founded year: 1983
  • Headcount: 5001-10000
  • Number of deals in 2024: 31
  • LinkedIn: silicon-valley-bank

Silicon Valley Bank is a commercial bank founded in 1983, located in Santa Clara, California, specializing in providing financial services to the innovation economy, particularly tech startups and venture capital firms. They offer a range of products including business banking, global payments, and asset management. In recent years, Silicon Valley Bank has been actively involved in financing solar energy projects, providing substantial debt facilities to companies in the sector. Notable transactions include a $360 million financing for Vivint Solar to support new solar installations, a $130 million debt facility for Soltage to finance a national portfolio of solar projects, and a $200 million financing for Pivot Energy for a 100MW PV portfolio. These transactions highlight their role in facilitating growth within the solar industry, making them a relevant player in the solar tracker system market.


12. Kkr

  • Website: kkr.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1976
  • Headcount: 1001-5000
  • Number of deals in 2024: 74
  • LinkedIn: kkr

KKR & Co. Inc. is a prominent investment firm based in New York, specializing in private equity, credit, infrastructure, and real estate. Founded in 1976, KKR provides asset management solutions to institutional investors and individual clients, helping them navigate complex investment landscapes. In recent years, KKR has made significant strides in the renewable energy sector, particularly in solar energy. Notable transactions include a structured investment in Arevia Power, a U.S. renewable energy developer focused on solar and wind projects, and a definitive agreement to acquire a majority stake in Avantus, a California-based solar and storage developer, with an investment exceeding USD 1 billion. Additionally, KKR provided a $300 million corporate credit facility to Origis Energy for the development and construction of solar and storage projects. These investments highlight KKR's commitment to supporting the growth of renewable energy solutions, making them a relevant player in the solar tracker system industry.


13. Liquid 2 Ventures

  • Website: liquid2.vc
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 91
  • LinkedIn: liquid-2-ventures

Liquid 2 Ventures is a venture capital firm based in San Francisco, California, founded in 2015. The firm specializes in investing in technology startups at the pre-seed and seed stages, as well as growth-stage companies. They provide capital, mentorship, and access to a vast network of industry insiders to help founders navigate their entrepreneurial journeys. Notably, Liquid 2 Ventures has invested in SolarMente, which raised $125,000 in a Pre-Seed Round in August 2021, indicating their interest in solar energy solutions. Additionally, they have invested in Drift, a peer-to-peer energy marketplace, which aligns with their focus on innovative energy solutions. Their diverse portfolio and active engagement in the energy sector suggest a commitment to supporting exceptional founders in building lasting companies within the renewable energy space.


14. Kleiner Perkins

  • Website: kleinerperkins.com
  • Type: Venture Capital
  • Headquarters: Menlo Park, California, United States (USA)
  • Founded year: 1972
  • Headcount: 11-50
  • Number of deals in 2024: 38
  • LinkedIn: kleiner-perkins

Kleiner Perkins is a venture capital firm based in Menlo Park, California, founded in 1972. The firm specializes in investing in early-stage and growth companies, providing both capital and strategic support to entrepreneurs. With a focus on technology and life sciences, Kleiner Perkins has backed over 900 ventures, establishing itself as a significant player in the venture capital landscape. Among their notable investments in the solar energy sector are Enphase Energy, which raised $23 million in a venture round in 2010, and MiaSolé, a manufacturer of CIGS thin-film photovoltaic solar panels, which received multiple rounds of funding totaling over $138 million from Kleiner Perkins. Additionally, they invested $25 million in Clean Power Finance, further demonstrating their engagement in the renewable energy space. These transactions highlight Kleiner Perkins' commitment to supporting innovative companies in the solar energy industry.



Solar Tracker System Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
Y CombinatorSan Francisco, California, United States (USA)51-2002005802
SosvUnited States (USA)51-2001995170
Plug and Play Tech CenterSunnyvale, California, United States (USA)501-10002006253
Deep Tech Fund (an Alumni Ventures Fund)Manchester, New Hampshire, United States (USA)51-2002023258
Elemental ImpactHonolulu, Hawaii, United States (USA)51-200201219
Breakthrough EnergyKirkland, Washington, United States (USA)51-200201538
IFC - International Finance CorporationWashington, D.C., District Of Columbia, United States (USA)1001-50001956107
Los Angeles Cleantech IncubatorLos Angeles, California, United States (USA)51-20020112
Goldman SachsNew York, New York, United States (USA)10001+199859
Climate CapitalSan Francisco, California, United States (USA)1-10201517
Silicon Valley BankSanta Clara, California, United States (USA)5001-10000198331
KkrNew York, New York, United States (USA)1001-5000197674
Liquid 2 VenturesSan Francisco, California, United States (USA)1-10201591
Kleiner PerkinsMenlo Park, California, United States (USA)11-50197238


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