Aurora Solar Raises $250 Million to Digitize Solar Installat

Aurora Solar Raises $250 Million to Digitize Solar Installations


Aurora Solar Raises $250 Million to Digitize Solar Installations
Funding Round Led by Coatue Signals Market Interest in the Growing Solar Industry
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SAN FRANCISCO, May 24, 2021 /PRNewswire/ -- Aurora Solar, the industry's leading software platform for solar sales and design, today announced it has closed a $250 million Series C funding round led by Coatue, with follow-on participation from existing investors ICONIQ Capital, Energize Ventures, and Fifth Wall.
In just over two years, Aurora Solar has raised more than $320M. Today's fundraise underscores the remarkable shift to renewable energy happening in energy markets around the globe, with solar being the fastest-growing source of energy over the past decade. This growth translates into jobs—by 2030, in the United States alone, the solar industry will need to grow from 230,000 to 900,000 people in order to meet President Biden's goal of carbon-free power by 2035, according to the Solar Energy Industries Association. Software is the key to making solar installations more affordable and accessible for both residential and commercial use cases.

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