Diligence memo · auto-generated · as of July 2, 2026
Toledo Solar Holdings, Inc.
Toledo Solar Holdings, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Toledo Solar Holdings, Inc. operates in Climate / Cleantech, based in PERRYSBURG.
Sub-sector tags: climate/cleantech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Toledo Solar Holdings, Inc. has raised $16M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $14M on 2022-08-25.
Most recent recorded round closed around 2023-11-09.
Valuation (modeled)modeled
Provath models Toledo Solar Holdings, Inc. at approximately $13M (range $2.5M–$32M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.20× the median modeled value of Series A Climate / Cleantech companies in 2022–2024 (15 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 5 months.
Last raise 2.6 yr ago; this sector typically re-raises about every 9 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 1.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 81% of Climate / Cleantech peers (207 compared).
Modeled value ranks above 59% of those peers.
Closest niche peers: Trion Battery Technologies Inc., Climate Club Holdings Pbc, WATT, Climate Action Reserve LLC, Wren Climate, PBC.
Peoplefiled
9 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.