SunDrive (Series A)
Funding Details
- Awarder
- RSS - www.startupdaily.net
- Date Award
- January 01, 2023
- Vertical
- Solar Panels
- Funding URL
- View Funding Page
- Premoney Valuation
- $80,000,000
- Valuation
- $100,000,000
- Funding Amount:
- $20,000,000
Company Info
- Founding Year
- 2019
- Traction
- The company has made significant strides in the solar panel market and is undergoing a major restructure to enhance its operational efficiency.
- Organizations Involved
- Atlassian, ARENA, Clean Energy Finance Corporation
- Founders
- David Hu, Vince Allen
- Company Description
- SunDrive is a startup developing cheaper, copper-based solar panels, aiming to innovate in the renewable energy sector. The company focuses on creating more cost-effective solar solutions to enhance accessibility and adoption of solar technology.
- Market
- Renewable Energy
- Location
- Sydney, NSW, Australia
- Coinvestors
- Mike Cannon-Brookes, Blackbird, Main Sequence, ARENA, Clean Energy Finance Corporation, Cameron Adams, Malcolm Turnbull, Robyn Denholm