Diligence memo · auto-generated · as of July 2, 2026
Inovus Solar, Inc.
Inovus Solar, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Inovus Solar, Inc. operates in Energy Conservation, based in BOISE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Inovus Solar, Inc. has raised $3.6M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.2M on 2012-02-02.
Most recent recorded round closed around 2016-04-21.
Valuation (modeled)modeled
Provath models Inovus Solar, Inc. at approximately $18M (range $559K–$144M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.34× the median modeled value of Seed Energy Conservation companies in 2016–2018 (13 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 25 months.
Last raise 10.2 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 58% of Energy Conservation peers (254 compared).
Modeled value ranks above 46% of those peers.
Closest niche peers: Aurea Lighting LLC, BrightCore Holdings, LLC, EnergySage, Inc., Optec International, Inc., Nygra Coatings LLC.
Peoplefiled
8 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.