Companies · Energy Conservation

AQT Solar, Inc.

SUNNYVALE · Energy Conservation

Diligence memoA one-page analyst read on AQT Solar, Inc. — recommendation, valuation, rhythm, risks.
$35.0M
Total raised · real
3
Rounds
6.7×
Latest step-up
Top 11%
Sector rank · raised
Series B
Latest stage · inferred · Thu Dec 29 2011 00:00:00 GMT+0000 (Coordinated Universal Time)

AQT Solar, Inc. looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the climate/enviro sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.13× the median modeled value of Series B Energy Conservation companies in 2010–2012 (6 peers) — value vs value, same stage and era.
  • Within the normal band (113% of peer median) for its niche.
Dormant
  • Last raise 14.5 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Energy Conservation

AQT Solar, Inc. is one of 254 Energy Conservation companies tracked from SUNNYVALE. By capital raised it ranks among the largest (ahead of 90% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries A · 2010-09-28 Raised $14M (real) Modeled valuation $299M (est)$14M$299MSeries A2010Series A · 2011-02-11 Raised $2.8M (real) Modeled valuation $62M (est)$2.8M$62MSeries A2011Series B · 2011-12-29 Raised $19M (real) Modeled valuation $454M (est)$19M$454MSeries B2011+$2.8M+$19MCumulative $35M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$13.5M · 2010
Series A extension$2.8M · 2011
Series B$18.7M · 2011

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$454.0M
Base estimate est.
$43.0M
Conservative case
$1.7B
Upside case
$104.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Series A · modeled $298.7M · 2010-09-282010Series A · modeled $61.9M · 2011-02-11Series B · modeled $454.0M · 2011-12-292011
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
63%
Survival probability
41% low · 76% high
1.38×/yr
Annual markup
1.67×/yr upside case
6.0 yr
Elapsed time used
14.5 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$28.0M/yr
Capital velocity
15.8 yr
On record since
2010
First round
3
Rounds on file
How it compares to the market

Benchmarked against 254 companies in Energy Conservation. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 14× above median
This company$35.0M
Sector median$2.5M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.3× above median
This company$18.7M
Sector median$14.5M
Modeled value — vs sector median (estimate, all stages) 17× above median
This company$454.0M
Sector median$27.1M

Raised more than 90% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #3 of 6.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)PowerWise Group, Inc. · Series B Raised $60.6M · modeled $916.6M (est)Plas2Fuel Corp · Series B Raised $28.5M · modeled $606.4M (est)Power Assure, Inc. · Series B Raised $80.1M · modeled $351.7M (est)InnovaLight Inc · Series B Raised $40.9M · modeled $119.9M (est)Fuecotech, Inc · Series B Raised $21.1M · modeled $2.4M (est)AQT Solar, Inc. (this company) Raised $35.0M · modeled $454.0M (est)AQT Solar, Inc.
CompanyStageRaised · realValue · estvs peer med.
PowerWise Group, Inc.Series B$60.6M$916.6M2.28×
Plas2Fuel CorpSeries B$28.5M$606.4M1.51×
AQT Solar, Inc. this companySeries B$35.0M$454.0M1.13×
Power Assure, Inc.Series B$80.1M$351.7M0.87×
InnovaLight IncSeries B$40.9M$119.9M0.30×
Fuecotech, IncSeries B$21.1M$2.4M0.01×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$13.5M2010-09-28$61.5M$298.7M90%
Series A$2.8M2011-02-11$12.7M$61.9M90%
Series B$18.7M2011-12-29$104.0M$454.0M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$13.5M2010-09-28
    • First recorded raise — entered as Series A.
  2. Series A$2.8M2011-02-11
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 4.8× smaller than the prior — bridge or down round.
  3. Series B$18.7M2011-12-29
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 6.7× larger than the prior — scaling up.
Intelligence
2012 ~Q3
Modeled next raise · ~8mo cadence
$56.1M
Modeled next size est.range $36.5M$89.8M
6.7×
Last step-up
$28.0M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Michael Bartholomeusz2 other2010-09
Bob Powell1 other2010-09
John A. Swanson2010-09
John Swanson2011-02
Joseph Patrick2010-09
Mariana Munteanu2010-09
Registry & provenance

AQT Solar, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1504170
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Reel Solar, Inc.Energy ConservationSeries B$34.4M$97.0Msame sector · same stage
Omnidian, Inc.Energy ConservationSeries B$36.4M$600.1Msame sector · same stage
Ambient Photonics, Inc.Energy ConservationSeries B$31.1M$418.4Msame sector · same stage
InnovaLight IncEnergy ConservationSeries B$40.9M$119.9Msame sector · same stage
Plas2Fuel CorpEnergy ConservationSeries B$28.5M$606.4Msame sector · same stage
M2X Energy Inc.Energy ConservationSeries B$44.6M$78.9Msame sector · same stage
Standard Renewable Energy, LPEnergy ConservationSeries B$49.3M$297.2Msame sector · same stage
Convergence Wireless, Inc.Energy ConservationSeries B$24.0M$582.2Msame sector · same stage
Frequently asked
How much funding has AQT Solar, Inc. raised?
AQT Solar, Inc. has raised approximately $35.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is AQT Solar, Inc.'s estimated valuation?
Provath's modeled valuation for AQT Solar, Inc. is approximately $454.0M (modeled range $43.0M–$1.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is AQT Solar, Inc. at?
AQT Solar, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Dec 29.
What does AQT Solar, Inc. do and where is it based?
AQT Solar, Inc. operates in the Energy Conservation sector, based in SUNNYVALE.
Explore related

See where AQT Solar, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at AQT Solar, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.