Solar Universe has completed its US$7 million Series B funding round, which was led by RockPort Capital Partners and further supported by returning investors. With the funds from the Series B funding round, Solar Universe expects to expand its business into new regions and increase its product offerings. In addition, the company has welcomed Kevin Daughtery as executive vice president of operations and Laurie Anthony Baggio as chief development officer.
“Solar Universe has proven its business model and has developed an impressive delivery platform without large amounts of capital, and we're excited to be supporting a group of entrepreneurs who have already built a significant business,” said Abe Yokell, a principal of RockPort Capital. “With solar now a viable option for most homes and businesses, Solar Universe's approach for training and supporting locally-owned and operated solar installers will help launch new solar businesses and ensure a high-quality customer experience anywhere in North America. We believe its suite of solutions enables local entrepreneurs to perform at the highest levels, and will create explosive growth while creating thousands of green collar jobs.”
Kevin Daughtery comes to Solar Universe from Solar City where he was vice president of operations and managed residential, commercial and government projects. Relying on over 25-years of experience, Daughtery will be directing all facets of Solar Universe’s supply chain, quality control and logistics.
Laurie Baggio has acted as an advisor and investor in Solar Universe and comes to the company from 1-800-Got-Junk? Where he was vice president of franchise development and served as COO. In his new role with Solar Universe, Baggio will manage network growth, market development and develop partnerships and sales support.