Sunpower (Bankruptcy)
Funding Details
Awarder
RSS - www.ctvc.co
Date Award
August 6, 2024
Vertical
Solar Energy
Funding URL
View Funding Page
Premoney Valuation
$440,000
Valuation
$9,000,000
Funding Amount
$45,000,000
Company Info
Founding Year
1985
Traction
Sunpower was a leading player in the residential solar market but faced significant challenges leading to its bankruptcy.
Organizations Involved
California Public Utilities Commission, U.S. Securities and Exchange Commission
Market
Residential Solar
Location
San Jose, CA, US
Coinvestors
Complete Solaria
Company Description

Sunpower was a residential solar manufacturing and development provider that focused on rooftop solar installations. The company aimed to capitalize on low interest rates and high incentives for residential solar installations, but faced significant challenges leading to its bankruptcy.

Links
Website
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