Solar software provider Aurora closes US$250m funding round

May 25, 2021
Facebook
Twitter
LinkedIn
Reddit
Email
Sam Adeyemo and Chris Hopper, co-founders of Aurora Solar. Image: Aurora Solar.

Aurora Solar, a US-based company that has developed software to enable the remote design and sale of PV systems, has closed a US$250 million series C funding round.

Led by technology investment platform Coatue, with follow-on participation from existing investors ICONIQ Capital, Energize Ventures and Fifth Wall, the round takes the total raised by Aurora in the last two years to more than US$320 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

As well as helping solar professionals to determine how many modules will fit on a property, Aurora said its software can be used to forecast how much energy a PV system will produce, to calculate how many batteries are needed for backup power and to show how much money customers can save by switching to solar.

Aurora will use the latest investment to grow its product roadmap, expand sales and customer support, and build its leadership team to help scale the company.

“Our mission is to create a future of solar energy for all. The only way to reach that goal is to make it easy for solar professionals to design and sell solar remotely, and to make it affordable for consumers to understand and access the benefits of solar,” said Sam Adeyemo, co-founder and CRO of Aurora Solar.

The US posted a 11% year-on-year increase in residential solar installs in 2020, according to the Solar Energy Industries Association and analyst firm Wood Mackenzie, with around 3.1GW deployed, as companies adopted virtual sales techniques and online permitting processes. Cheaper prices and new financial products are expected to further increase rooftop solar deployment in the coming years.

“Residential solar is set to grow significantly over the next decade,” said Jaimin Rangwalla, senior managing director at Coatue. “Aurora has the potential to unlock an inflection in this growth through lowering soft costs, such as installation and permitting.”

Read Next

October 10, 2025
Australia's renewable energy sector recorded its slowest month of the year for additions in September, with 5.8GW of new projects added to development pipelines, according to data from Rystad Energy.
October 9, 2025
Solar PV is the world’s cheapest technology to generate electricity, according to a study from the University of Surrey, in the UK.
October 8, 2025
The NSW Independent Planning Commission has granted planning approval for Potentia Energy's 500MW Tallawang solar-plus-storage project.
October 8, 2025
Frontier Energy plans to expand its Waroona Renewable Energy Project into a renewable energy precinct by 2031, targeting up to 1GW solar.
October 2, 2025
The European solar sector will lose around 5% of its jobs in 2025, the first contraction in employment for the sector in nearly a decade.
September 30, 2025
SynergyRED, a wholly owned subsidiary of Synergy, has submitted a development application for a 2GW hybrid renewable energy project in Western Australia's Mid-West Region.

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