Sunrun advised that during its latest equity financing round it had raised US$60 million. The investment were led by Madrone Capital Partners with existing investors Accel Partners, Sequoia Capital and Foundation Capital also participating. The funding will see the company continue its work to develop and scale the software and service components needed to reduce the cost of solar and streamline the installation process for customers and partners.
“We’ve proven that solar service is making solar adoption possible for more American families, and now the next phase is to innovate on the installation process, service, and cost reduction,” said Sunrun President and co-Founder Lynn Jurich. “The infrastructure required to deliver that impeccable service is complex and expensive, and this investment demonstrates our investors’ belief that we are the right company to further develop and scale it.”