Companies · Climate / Cleantech

Aurora Solar Inc.

SAN FRANCISCO · Climate / Cleantech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Aurora Solar Inc. — recommendation, valuation, rhythm, risks.
$398.5M
Total raised · real
4
Rounds
1.6×
Latest step-up
Top 9%
Sector rank · raised
Series D+
Latest stage · inferred · Tue Feb 15 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Aurora Solar Inc. has raised $398M over 4 rounds; too few niche peers to rank its valuation yet.

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.

Dormant
  • Last raise 4.4 yr ago; this sector typically re-raises about every 9 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 Climate / Cleantech

Aurora Solar Inc. is one of 207 Climate / Cleantech companies tracked from SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 92% 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.

climate/cleantech

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
10
Investors (latest)
2022-02-15
First sale
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$1.3B$2.5B$3.8B$5.0BSeries B · 2019-01-18 Raised $23M (real) Modeled valuation $569M (est)$23M$569MSeries B2019Series A · 2019-01-18 Raised $13M (real) Modeled valuation $287M (est)$13M$287MSeries A2019Series C · 2020-11-12 Raised $50M (real) Modeled valuation $1.1B (est)$50M$1.1BSeries C2020Series D+ · 2021-05-07 Raised $125M (real) Modeled valuation $2.6B (est)$125M$2.6BSeries D+2021Series D+ · 2022-02-15 Raised $200M (real) Modeled valuation $3.5B (est)$200M$3.5BSeries D+2022+$13M+$50M+$125M+$200MCumulative $411M

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 B$23.5M · 2019
Bridge · Series B-stage$13.0M · 2019smaller follow-on
Series C$50.0M · 2020
Series D+$125.0M · 2021
Series D+ extension$200.0M · 2022

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: 67%.

Modeled valuation trajectory
$3.5B
Base estimate est.
$1.0B
Conservative case
$6.4B
Upside case
$1.7B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Series B · modeled $569.3M · 2019-01-182019Series A · modeled $287.2M · 2019-01-18Series C · modeled $1.1B · 2020-11-12Series D+ · modeled $2.6B · 2021-05-07Series D+ · modeled $3.5B · 2022-02-152022
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
63% low · 87% high
1.25×/yr
Annual markup
1.40×/yr upside case
4.4 yr
Elapsed time used
4.4 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$129.5M/yr
Capital velocity
7.5 yr
On record since
2019
First round
5
Rounds on file
How it compares to the market

Benchmarked against 207 companies in Climate / Cleantech. 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) 49× above median
This company$398.5M
Sector median$8.1M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.6× above median
This company$200.0M
Sector median$126.1M
Modeled value — vs sector median (estimate, all stages) 58× above median
This company$3.5B
Sector median$59.8M

Raised more than 92% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Form Energy, Inc. · Series D+ Raised $610.2M · modeled $5.1B (est)Climate Care Innovations Inc · Series D+ Raised $150.0M · modeled $1.6B (est)Ambiq Micro, Inc. · Series D+ Raised $405.5M · modeled $3.0M (est)Aurora Solar Inc. (this company) Raised $398.5M · modeled $3.5B (est)Aurora Solar Inc.
CompanyStageRaised · realValue · estvs peer med.
Form Energy, Inc.Series D+$610.2M$5.1B2.02×
Aurora Solar Inc. this companySeries D+$398.5M$3.5B1.38×
Climate Care Innovations IncSeries D+$150.0M$1.6B0.62×
Ambiq Micro, Inc.Series D+$405.5M$3.0M0.00×
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 B$23.5M2019-01-18$130.4M$569.3M90%
Series A$13.0M2019-01-18$59.1M$287.2M90%
Series C$50.0M2020-11-12$333.3M$1.1B90%
Series D+$125.0M2021-05-07$1.0B$2.6B90%
Series D+$200.0M2022-02-15$1.7B$3.5B90%
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 B$23.5M2019-01-18
    • First recorded raise — entered as Series B.
    • 5 investors on this round.
  2. Series A$13.0M2019-01-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  3. Series C$50.0M2020-11-12
    • Raised again after 22 mo — slower than the ~9 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 8 investors on this round.
  4. Series D+$125.0M2021-05-07
    • Raised 6 mo later, in step with the ~9 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 7 investors on this round.
  5. Series D+$200.0M2022-02-15
    • Raised 9 mo later, in step with the ~9 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 10 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~9mo cadence
$320.0M
Modeled next size est.range $208.0M$512.0M
1.6×
Last step-up
$129.5M/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
Shvetank Jain6 other2019-01
Amy Francetic4 other2019-01
Doug Pepper4 other2020-11
Tyler Lancaster2 other2020-11
Christopher Hopper2019-01
Samuel Adeyemo2019-01
Registry & provenance

Aurora 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
1766126
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
Ambiq Micro, Inc.Climate / CleantechSeries D+$405.5M$3.0Msame sector · same stage
Solugen, Inc.Climate / CleantechSeries D+$425.9M$6.9Bsame sector · same stage
Mastec IncClimate / CleantechSeries D+$294.4M$3.5Bsame sector · same stage
ChargePoint, Inc.Climate / CleantechSeries D+$570.9M$3.1Bsame sector · same stage
Form Energy, Inc.Climate / CleantechSeries D+$610.2M$5.1Bsame sector · same stage
BetterUP, Inc.Other TechnologySeries D+$486.2M$2.1Mnetwork1 shared operator · same stage
Braze, Inc.Other TechnologySeries D+$289.5M$1.3Bnetwork1 shared operator · same stage
Sidewalk Infrastructure Partners, LlcClimate / CleantechSeries D+$950.0M$762.7Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Swift Solar Inc.Climate / CleantechSeries B$196.7M88%
ES Solar Holdings, LLCClimate / CleantechSeries A$70.2M88%
ETC Solar, Inc.Other EnergyPre-Seed$8.1M87%
Solar Tech Energy Systems, Inc.Other EnergySeed$4.0M87%
Complete Solar, Inc.Climate / CleantechSeries A$244.6M87%
Ascent Solar Technologies, Inc.Climate / CleantechSeries B$40.1M87%
Project Solar, Inc.Other EnergySeries B$144.3M87%
Target Solar, LLCClimate / CleantechPre-Seed$10.1M86%
Frequently asked
How much funding has Aurora Solar Inc. raised?
Aurora Solar Inc. has raised approximately $398.5M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Aurora Solar Inc.'s estimated valuation?
Provath's modeled valuation for Aurora Solar Inc. is approximately $3.5B (modeled range $1.0B–$6.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Aurora Solar Inc. at?
Aurora Solar Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Tue Feb 15.
What does Aurora Solar Inc. do and where is it based?
Aurora Solar Inc. operates in the Climate / Cleantech sector, based in SAN FRANCISCO.
Explore related

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

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