Morgan Solar

company

About

Morgan Solar is a provider of low-cost solar power applications.

  • 51 - 100

Details

Last Funding Type
Series B
Last Funding Money Raised
$9.80M
Industries
Energy,Manufacturing,Renewable Energy,Solar
Founded date
Jan 1, 2007
Number Of Employee
51 - 100
Operating Status
Active

Morgan Solar Inc began with a mission in 2007 – to develop highly efficient, low cost solar technology. Until now, all the real advancements in solar power always seem to be “10 years away”.

John Paul Morgan, a Physics Engineer, with a background in optics, medical imaging and photovoltaics, developed an idea to make solar energy more affordable. His idea was to design an optical concentration system that would elegantly solve many of the problems of existing CPV systems.

There first product to market, the Sun Simba HCPV, is designed for solar farm applications. Demonstration and test installations will begin in 2009, and our first commercial systems will be available in early 2010. The second set of products, the Sun Stream Window and the Sun Block Panel, are designed for building applications and smaller scale demonstration and test systems are also scheduled for 2009, with sales begining sometime after mid 2010.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$44.50M
Morgan Solar has raised a total of $44.50M in funding over 2 rounds. Their latest funding was raised on Jul 13, 2016 from a Series C round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jul 13, 2016 Series C $10M 2 Detail
Nov 29, 2011 Series B $9.80M 1 Enbridge Detail
May 25, 2011 Series B $16.50M 3 Iberdrola Detail
Jan 6, 2010 Series A $8.20M 2 Turnstone Capital Management Detail

Investors

Number of Lead Investors
Number of Investors
3
5
Morgan Solar is funded by 5 investors. Turnstone Capital Management and Enbridge are the most recent investors.
Investor Name Lead Investor Funding Round
Turnstone Capital Management Yes Series A
Enbridge Series C
Iberdrola Series C
Inversiones Financieras Perseo Series B
The Frost Group Series B