Tagged: Solar power

Nexamp placed $14.56 million with one investor


XDATA – June 23rd 2017
One financial backer bought $14.56 million worth of equity offered by Nexamp. According to the filing, it was on June 7th that 74% of the $19.56 million non-brokered offering was subscribed. Based on the offering’s structure, the company has until June 2018 to raise an extra $5 million. The company closed three previous unregistered private placements which raised an estimated $41.86 million.
Nexamp markets solutions for the solar energy development while offering capabilities that span the entire solar project lifecycle from project development, design and construction to financing and operations and maintenance. Investors include Mitsubishi Corp via its wholly-owned subsidiary Diamond Generating Corp.
The company, headquartered in Boston MA, is led by Zaid Ashai (CEO). Nexamp elected to keep its revenues undisclosed.
The executive team includes Robert Pantano.
The board of directors includes Bo Buchynsky, David Martirano and Satoshi Hamada.

The company has raised an estimated total of $56.43 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Nexamp
Industry: Other Energy
Amount offered: $19.56 million
Amount placed: $14.56 million
SEC filing: Source
First sale: 06-07-2017
Data as of: 06-23-2017
Similar transactions
2017-05 Pacific International Energy Solutions reported the full subscription of its $21,000 investment round
2017-05 $4.69 million worth of warrant securities were sold by PLH Group
2017-04 Vasari Energy launched $20 million fundraising effort
2016-07 Solar Alliance Energy reached its $97,000 fundraising target
2016-07 Clean Power Engineering launched $1.5 million mezzanine financing
Advertisements

Solar energy developer Bright closes its second financing round in less than a month


Bright placed its mezzanine financing in full
XDATA – January 26th 2016
A $3 million unregistered mezzanine financing by Bright successfully closed. The non-brokered financing round was subscribed by one investor last Wednesday. One prior placement was closed under regulation D by the company and raised an estimated $5.46 million.
The company is a clean energy organization that enables residential solar power generation in the developing world. It provides local installers with the software tools and financing they need to put solar on millions of homes at no upfront cost. The company is backed by First Round, Y Combinator and Max Levchin.
The company was registered in 2014 and has its headquarters located in San Francisco CA. Bright kept its revenues undisclosed.
The executive team includes Jonah Greenberger.

The company has raised an estimated total of $8.46 million via private unregistered security offerings.

Bright is registered under the name Bright Exchange.

Offering recap
Status: Completed
Company: Bright
Industry: Energy Conservation
Amount offered: $3 million
Amount placed: $3 million
SEC filing: Source
First sale: 01-20-2016
Data as of: 01-26-2016

$10 million financing final close reported by Transphorm


XDATA – October 6th 2014

transphormA $10 million unregistered debt financing by Transphorm successfully drew to a close. The non-brokered investment round was placed with one investor on a few days ago. A total of seven unregistered securities offerings closed by the company raised an estimated $170.23 million.

Transphorm designs, develops and markets cost-competitive and easy-to-embed power conversion modules that reduce costly energy loss by up to 90 percent, and simplify the design and manufacturing of motor drives, power supplies and inverters for solar panels and electric vehicles.

The company is headquartered in Goleta CA. Transphorm kept its revenues undisclosed.
The executive team includes Fumihide Esaka, Primit Parikh and Umesh Mishra.
The board of directors includes Andrew Wheeler, Mark Allen, Mark Pinho, Naoko Ichikawa, Randy Komisar, Richard Redelfs and Toshinobu Mimura.

The company has raised an estimated total of $180.23 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Transphorm
Industry: Other Technology
Amount offered: $10 million
Amount placed: $10 million
First sale: 10-02-2014
Data as of: 10-03-2014


For more information visit www.XDATA.co

$24.58 million raised so far by Next Step Living via private placement


 

next step livingNext Step Living disclosed selling 85% of its $28.9 million non-brokered equity offering to twenty-one investors. The sale started on June 9th according to the document filed at the SEC. Based on the offering’s structure, the company has until June 2015 to raise an extra $4.32 million. A total of eight unregistered securities offerings closed by the company raised an estimated $46.74 million.
The company is a provider of home energy evaluations and solutions for individuals and organizations. The company’s energy advisors help customers figure out how to make their houses more energy-efficient. They explain the incentives, benefits and financing options available. And the company will offer to do the work necessary to implement the advisors’ recommendations. Financial backers include Black Coral Capital, Massachusetts Green Energy Fund, VantagePoint Capital Partners, and The Windquest Group.
The company is headquartered in Boston MA. Next Step Living elected to keep its revenues undisclosed.
The executive team includes Arjun Rao, Brian Greenfield, Claire Broido-johnson and Geoff Chapin.
The board of directors includes Dennis Costello, John Devillars, John Mcquillan, Lee Burrows, Rob Day and Sean Ladley.

The company has raised an estimated total of $71.32 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Next Step Living
Industry: Energy Conservation
Amount offered: $28.9 million
Amount placed: $24.58 million
First sale: 06-09-2014
Data as of: 06-23-2014


For more information visit www.XDATA.co

Simpa Networks raised $2.2 million at first close a little over a week ago


simpa networksSimpa Networks reported launching a $3.5 million mezzanine private placement. According to the filing, 63% or $2.2 million was sold to four backers a little over a week ago. $1.3 million in additional funding can be raised before May 2015 based on the placement’s structure. The company closed four previous unregistered private placements which raised an estimated $8.41 million. The company is backed by the International Finance Corp as well as the Asian Development Bank.

Simpa Networks markets and designs energy solutions to under-served consumers in emerging markets using its pay-as-you-go “progressive purchase” business model. The company’s customers make a small initial down payment for a high quality solar home system and then pre-pay for their energy service, topping up their systems in small user-defined increments using a mobile phone. Each payment adds towards their final purchase price. Once fully paid, the system unlocks permanently and continues to produce electricity. The technology is also offered to solar micro-grid developers as a flexible prepaid metering, customer, and cloud-based revenue management software.

The company, headquartered in Seattle WA, is led by Paul Needham (President). Simpa Networks kept its revenues undisclosed.
The executive team includes Karthik Meda, Rupesh Shah and Sanjay Bharti.
The board of directors includes Aniruddha Patil, Bruno Walt, David Arfin, Karl Mehta and Miguel Granier.

The company has raised an estimated total of $10.61 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Simpa Networks
Industry: Other Energy
Amount offered: $3.5 million
Amount placed: $2.2 million
First sale: 05-13-2014
Data as of: 05-23-2014

Solaris Power Cells reports $400,000 investment round


solaris power cellSolaris Power Cells raised $400,000 as part of a fully subscribed non-brokered equity offering. The subscription lured six investors. The company closed three previous unregistered private placements which raised an estimated $375,000.
Solaris Power Cells trades under symbol OTC: SPCL.

Solaris Power Cells designs, markets and manufactures solar energy storage devices, specifically a passive electron storage array power cell. According to the company, the battery doesn’t require maintenance, routine replacement, and is environmentally friendly.

The company, headquartered in Palm Springs CA, is led by Vincent A Palmieri (CEO). Solaris Power Cells elected to keep its revenues undisclosed.
The executive team includes Leonard Caprino, Raymond Madick, Roy Givens and Vincent Anthony Palmieri.

The company has raised an estimated total of $775,000 via private unregistered security offerings.

Offering recap
Status: Completed
Company: Solaris Power Cells
Industry: Other Energy
Amount offered: $400,000
Amount placed: $400,000
First sale: 05-20-2014
Data as of: 05-20-2014

ZON Technology reports successful placement of its mezzanine securities


briggs & thatcherA $1 million unregistered mezzanine investment round initiated by Briggs & Thatcher (DBA ZON Technology) was subscribed by twelve financial backers. According to the information disclosed, the placement started on April 29th and was fully subscribed. No offering was previously initiated by the company under a registration exemption with the SEC.

The company developed and markets Powersol. Powersol is an umbrella featuring a sun-powered charging station for up to three mobile devices. The umbrella is fitted with sixteen solar panels which charge a battery tower featuring intelligent sensing charging ports. The company plans on developing other solar-powered devices.

The company was registered in 2012 and has its headquarters located in Manhattan Beach CA.

The executive team includes Cameron Wilson and Sarah Akin.
The board of directors includes Brian Healy, Harrison Clay and Robert M Akin.

Offering recap
Status: Completed
Company: Briggs & Thatcher
Industry: Retailing
Amount offered: $1 million
Amount placed: $1 million
First sale: 04-29-2014
Data as of: 05-13-2014

kWh Analytics disclosed information on its $1 million debt issuance


kwh analyticskWh Analytics reported selling 56% of its debt issuance via a subscription which launched on April 18th. According to the information disclosed, ten subscribers ponied up $555,000 out of the $1 million the company expected to raise. $445,000 in additional funding can be raised before April 2015 based on the placement’s structure. This is the first debt financing done by the company under a registration exemption.

The company is an independent provider of live operating solar asset data as well as a big data predictive analytic platform. The data covers 10,000+ photovoltaic systems (arrangement of components supplying electricity), 3 million modules (packaged, connected assembly of solar cells) and 50,000+ inverters (DC to AC power converters). The historical performance data spans the residential, commercial and utility-grade segments as well as all US states with a significant solar demand. The company targets institutional investment firms as well as solar industry participants.

Richard Matsui (President and CEO) leads the San Francisco CA based company which was registered in 2012. kWh Analytics kept its revenues undisclosed.

The executive team includes Nicholas Malaya.

Offering recap
Status: First close
Company: kWh Analytics
Industry: Other Energy
Amount offered: $1 million
Amount placed: $555,000
First sale: 04-18-2014
Data as of: 05-05-2014

Micro Grid Power Global disclosed information on its $500,000 debt issuance


micro grid power globalMicro Grid Power Global reported selling 24% of its debt issuance via a subscription which launched one month ago. According to the information disclosed, twelve subscribers ponied up $122,000 out of the $500,000 the company expected to raise. The offering has been structured to remain open until an additional $378,000 worth of securities is subscribed in full. This is the first debt financing done by the company under a registration exemption.

The company, which does business as Mera Gao Power (MGP),  builds and operates solar powered micro grids in rural, off-grid villages in Uttar Pradesh in Northern India. MGP’s micro grids were custom designed around its customers’ priority demands of lighting and mobile phone charging. By focusing on priority services, MGP was able to develop the first “lighting utility”, India’s lowest cost and first un-subsidized, commercially viable micro grid. At the end of 2012, MGP was serving over 3,500 customers across 137 villages of Uttar Pradesh.

The company, headquartered in Hansapoint Singapore, was registered in 2012. Micro Grid Power Global kept its revenues undisclosed. The board of directors includes Brian Shaad and Nikhil Jaisinghani.

Offering recap
Status: First close
Company: Micro Grid Power Global
Industry: Electric Utilities
Amount offered: $500,000
Amount placed: $122,000
First sale: 01-20-2014
Data as of: 03-14-2014

Marketing platform for solar market participants lures sixteen financial backers


faraday2So far sixteen investors participated to Faraday‘s $880,000 non-brokered financing round. Financial backers bought last Thursday 89% of the offering or $780,000 worth of equity. According to the offering’s structure the company may raise an additional $100,000 until February 2015. This is the first time Faraday is selling securities under a registration exemption.

The company develops and markets a software as a service (SaaS) prospecting tool for contractors, installers, and retailers to target, launch, and track micro-campaigns and find new business. Though it is not clearly stated by the company, Random Research is assuming the software is targeting participants in the solar panel market. Solar installations are typically protected from lightning by Faraday cages, hence the company’s name. The software enables users to “big data” analyze neighborhoods house by house and compile a number of details such as type of house and energy usage. The company seems to be on to something as according to a recent Bloomberg article, solar is going mainstream: ” Spurred by a drop in panel prices, robust government subsidies and a technology that no longer appears experimental to mainstream America, rooftop photovoltaic solar is bursting out everywhere. About 200,000 U.S. homes and businesses added rooftop solar in the past two years alone – about 3 gigawatts of power and enough to replace four or five conventionally-sized coal plants. The U.S. set a single-quarter record with 31,000 residential rooftop installations in the three months through Sept. 30. Solar represented 72 percent of all power added in the U.S. in October.”. The software is currently in Beta.

Robert Adler (President) leads the Middlebury VT based company which was registered in 2012. Faraday elected to keep its revenues undisclosed. The executive team includes Andrew Rossmeissl and Seamus Abshere.

Offering recap
Status: First close
Company: Faraday
Industry: Other Technology
Amount offered: $880,000
Amount placed: $780,000
First sale: 2014-02-13