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Nextracker
Tracker technologies for solar power
- 1001+ employees
- B2B
- Energy
- Sustainability
- Fremont, CA
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Company mission
To transition the world to affordable, renewable power, by developing the highest-performing and resilient solar tracking technologies and software in the market for our customers.
Our take
With a view to advancing the switch to renewable energy sources, Nextracker supports solar generation sites with intelligent solar tracker technologies. It has also launched an industry-first low-carbon tracker solution to help decarbonise the solar sector itself, further enabling the shift to net zero.
The idea behind solar trackers is to maximise solar power generation by moving solar panels to face the sun. Nextracker's solutions do just this but stand out from other options through easier installation, pioneering smart tech and efficient robot cleaning.
With an established presence in the sector, there is no reason to think Nextracker won't continue its path of success. Recently, the company acquired Ojjo, a specialist in technology for utility-scale solar power generation, which will bolster its offering moving forward.
Steph
Company Specialist at Welcome to the Jungle
Funding (last 2 of 5 rounds)
Feb 2022
$500m
CONVERTIBLE
Jul 2015
$10m
EARLY VC
Total funding: $547m
Leadership
Daniel Shugar
(CEO)Has been CEO since founding the company in 2013. Prior to this, they were CEO of Solaria Corporation, President of Systems at SunPower Corporation and President at PowerLight Corporation.
Marco Miller
(COO)Began work for the company as a VP then SVP of Global Operations, becoming COO in 2021. Prior to this, they were Sr. Director of Customer Care at Solaria Corporation and a Director at SunPower Corporation.