SunRun raises another $55M
Written on June 30, 2010
The San Francisco solar company SunRun Inc. has closed a $55 million Series C round of funding led by Sequoia Capital, of Menlo Park, with existing investors Accel Partners and Foundation Capital also participating.
The announcement comes a week after the company announced a $100 million investment from San Francisco-based PG&E to fund more than 3,500 residential solar systems in five states.
SunRun plans to use the new investment to expand into new U low rate payday loans.S. markets.
The company has a unique business model in which it owns its customers' solar panels, making it possible for them to switch to solar for little initial cost.
The company currently has a customer base in California, Arizona, Colorado, Massachusetts and New Jersey.
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