Sunfolding designs and manufactures single-axis solar trackers, including its flagship T29 Single-Axis Tracker. The T29 features simplified components and motor-free tracker rows to make solar power plants easy to install and smart to operate. The company intends to use the new funding to expand operations, grow its U.S.-based manufacturing and assembly footprint, and increase volume purchasing power with suppliers, including vendors in the automotive industry. Sunfolding closed a $32M Series B growth funding round backed by G2VP and Macquarie Capital. Founded in 2012 and led by CEO Jurgen Krehnke, the company currently operates in the United States and Australia.

Total raised

$32M

Funding rounds

1

Latest round

Series B

Latest activity

Nov 2019