Diligence memo · auto-generated · as of July 2, 2026
Solar Topco, Inc.
Solar Topco, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Solar Topco, Inc. operates in Climate / Cleantech, based in SAN FRANCISCO.
Sub-sector tags: climate/cleantech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Solar Topco, Inc. has raised $419M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $419M on 2019-12-19.
Most recent recorded round closed around 2019-12-19.
Valuation (modeled)modeled
Provath models Solar Topco, Inc. at approximately $10.9B (range $3.0B–$19.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.56× the median modeled value of Growth/Late Climate / Cleantech companies in 2019–2021 (6 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 6.5 yr ago; this sector typically re-raises about every 9 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 93% of Climate / Cleantech peers (207 compared).
Modeled value ranks above 96% of those peers.
Closest niche peers: WestPort Acquisition Parent, LP, Uber Technologies, Inc, E2open Parent Holdings, Inc., Samsara Networks Inc., AIT Group Holdings, LP.
Peoplefiled
3 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.