NEXTracker designs and manufactures single-axis PV trackers that maximize energy output while reducing installation and operating costs for utility-scale solar projects. Its trackers lower foundation and steel requirements, align modules with the axis of rotation to reduce drive stress, and simplify AC wiring, installation and maintenance. The company has delivered trackers for dozens of projects exceeding 80MW across three continents and reports the ability to deliver over 200 MW/month. NEXTracker has expanded its team with experienced solar project personnel across North and South America, Europe, Asia and Australia to support global deployments. Headquartered in California with offices in Asia, Europe and South America, the company positions its product as a cost-effective solution to maximize project returns. The $25M financing is intended to further scale production and support broader deployment of its tracking systems.

Total raised

$25M

Funding rounds

1

Latest round

Series B

Latest activity

Feb 2015