Aurora Solar eyes product expansion after closing US$200m funding round

March 1, 2022
Facebook
Twitter
LinkedIn
Reddit
Email
Software from Aurora designing a rooftop solar system. Image: Aurora Solar.

San Francisco-based Aurora Solar, a solar sales and software designer, has closed a US$200 million Series D funding round.

Co-led by current investors Coatue and Energize Ventures, with follow-on participation of existing partners Fifth Wall, ICONIQ and new investors Lux Capital and Emerson Collective, the round takes the total raised by Aurora to more than US$520 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

This comes less than a year after the company raised US$250 million in a Series C funding round, effectively doubling the company’s previous valuation to US$4 billion.

Christopher Hopper, co-founder and CEO of Aurora Solar, said: “We are thrilled about our next chapter and accelerating innovations that enable every member of the solar organization to benefit from data and AI, and ultimately deliver on the promise of solar.”

Aurora Solar said the funding will be used to accelerate its product development and expand the company’s headcount.

Samuel Adeyemo, co-founder and chief revenue officer of Aurora Solar said software was becoming a critical part of any solar company’s technology and operating strategy.

Aurora Solar’s software platform has designed more than 7.5 million solar projects and over 5,000 organisations uses its software.

“Aurora’s focus is to help our customers tackle some of the industry’s biggest challenges head on: accelerating sales cycles, scaling up design operations, and transitioning costly and ineffective manual processes to automated and integrated workflows,” Adeyemo added.

Last August, Aurora Solar acquired Folsom Labs, the developers of HelioScope, a solar design software solution aimed at the commercial and industrial segment, helping the San Francisco company to cover both residential and commercial segments.

21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

October 20, 2025
Independent power producer (IPP) Atlas Renewable Energy has secured up to US$475 million in financing for a 357MW solar-plus-storage project in Chile.
October 20, 2025
New federal policies in the US will 'cloud' the country’s renewable energy sector, according to a webinar hosted by Wood Mackenzie.
October 20, 2025
Details of tariffs on US imports of polysilicon products may be announced as early as the end of this month, according to a note from investment bank Roth Capital.
Premium
October 17, 2025
According to Ronak Maheshwari of CRC-IB, there has been a struggle for US renewable power projects to secure necessary equity .
October 17, 2025
A group of over 20 US states are suing the Trump administration for the cancellation of the US$7 billion Solar For All Scheme.
October 16, 2025
T1 Energy and Nextracker have agreed to use the latter’s steel module frames at the former’s new 5GW module manufacturing facility in Dallas.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK