Diligence memo · auto-generated · as of July 2, 2026
AQT Solar, Inc.
AQT Solar, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
AQT Solar, Inc. operates in Energy Conservation, based in SUNNYVALE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
AQT Solar, Inc. has raised $35M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $19M on 2011-12-29.
Most recent recorded round closed around 2011-12-29.
Valuation (modeled)modeled
Provath models AQT Solar, Inc. at approximately $454M (range $43M–$1.7B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 8 months.
Last raise 14.5 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 6.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 90% of Energy Conservation peers (254 compared).
Modeled value ranks above 94% of those peers.
Closest niche peers: PowerWise Group, Inc., Plas2Fuel Corp, Power Assure, Inc., InnovaLight Inc, Fuecotech, Inc.
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.