OpenSolar has introduced that it has raised US$15 million to develop its free product providing to photo voltaic contractors who use the platform in additional than 130 nations.

The funding spherical was led by one in all Australia’s largest enterprise capital funds, Telstra Ventures, with participation from sustainability fund 2150 and current traders together with Jeff Tannenbaum’s Titan Grove and photo voltaic entrepreneurs Alec Guettel and Howard Wenger.

OpenSolar Co-founder and CEO Andrew Birch (Birchy) mentioned, “We began OpenSolar in Australia which is essentially the most superior photo voltaic market on the earth, the place you pay a particularly low value per watt and get your system put in inside one to 3 weeks.  With a number one place now within the Australian market, we’ve launched a lot of that pace and effectivity to the remainder of the world by means of our software program.”

Mr. Birch identified that by rushing up the method from correct photo voltaic design to proposal and sale, and from allowing to put in, OpenSolar is changing into the primary alternative for installers across the globe.  By integrating main suppliers of {hardware}, finance and providers, OpenSolar eliminates the obstacles to a easy and environment friendly workflow for the installer, which is essential to a wholesome and worthwhile photo voltaic enterprise.

Co-founder and CTO Adam Pryor mentioned the corporate had developed an environment friendly progress mannequin, leveraging over 250 years of mixed photo voltaic expertise throughout the OpenSolar workforce, with the platform now supporting over US$2.5 billion in annual system gross sales by contractors promoting on OpenSolar.  The funding introduced in the present day will help continued funding within the free-of-charge software program platform, to make sure that OpenSolar’s end-to-end performance acts because the spine for contractors’ companies, saving them many hundreds of {dollars} yearly and liberating them as much as ship extra photo voltaic electrification to houses and companies extra effectively.

OpenSolar gives the world’s quickest and most correct photo voltaic design instrument, independently verified by the US Nationwide Renewable Vitality Laboratory (NREL) and PV Evolution Labs (PVEL).  With its worldwide database of tariffs and incentives mixed with its distinctive strategy to 3D web site modeling, shade evaluation, and vitality manufacturing, the platform can produce extraordinarily correct and compelling photo voltaic proposals, created by photo voltaic contractors for his or her clients.  With a inbuilt Buyer Relationship Administration system, contracting and allowing instruments, and embedded providers resembling finance and {hardware} ordering, the platform operates on the core of the photo voltaic contractor’s workflow.

Telstra Ventures Accomplice Albert Bielinko mentioned, “We’ve been extraordinarily impressed by OpenSolar, which we consider is the world’s main photo voltaic design and gross sales platform. The software program considerably accelerates how installers can electrify the world. We’re agency believers on this distinctive enterprise mannequin that’s free to the installer and in addition extremely worthwhile to {hardware} and repair suppliers. OpenSolar’s shoppers are raving followers who use their open platform to dramatically enhance the variety of installations they’ll carry out. It lets them obtain extra with much less. OpenSolar has a product led progress movement, a really international footprint and a pleasant consumer expertise. The corporate has an skilled workforce of all-stars with deep area experience who’ve proven they’ll execute.”

Rahul Parekh, Principal at funding agency 2150 mentioned, “2150 seeks out know-how corporations with the potential within the coming a long time to learn billions of individuals, creating substantial worth alongside the way in which and reducing gigatons of emissions. We’re thrilled to be partnering with OpenSolar, its mission-driven management workforce, and the prevailing traders.  We consider that OpenSolar’s platform can proliferate and bend the curve of photo voltaic adoption all over the world.”

Along with the alternatives to develop the capabilities of the platform, OpenSolar will additional enhance the variety of partnerships it has all over the world, incomes charges in trade for connecting photo voltaic contractors to the merchandise and repair suppliers they should run and develop their companies.  Over three trillion {dollars} of worth is anticipated to be created within the transition to photo voltaic electrification between now and 2030, and OpenSolar is nicely positioned to take part on this alternative.

OpenSolar’s excessive design accuracy signifies that a contractor can design a system to fulfill a house or enterprise proprietor’s present and future electrical energy wants.

Mr. Birch mentioned, “OpenSolar’s mission is to realize a world powered by sunshine by 2050. We’re assembling the best workforce of technologists and buyer expertise specialists within the photo voltaic software program business, with the purpose of serving to contractors promote extra photo voltaic – and we gained’t cease till each appropriate roof is producing clear vitality to energy the electrification revolution.”

“The world’s transition to photo voltaic vitality represents one of many biggest wealth creation alternatives in historical past, and our dedication to assist native photo voltaic installers take part in that change is stronger than ever. This funding permits us to double down on creating an ever-expanding set of software program instruments that enhance their progress and profitability,” Mr. Pryor mentioned.  “We stay up for offering better ranges of customization, and new capabilities to assist electrify houses and companies.”