Sunfolding Raises $32 Million to Support Rapidly Growing Customer Orders
Summary
SAN FRANCISCO, CA / ACCESSWIRE / October 22, 2019 / Sunfolding, the fastest-growing producer of innovative single-axis tracker systems, today announced that it has closed a $32 million Series B growth funding round. The Company will expand its U.S.-based manufacturing and assembly footprint and increase volume purchasing power with suppliers, including vendors in the automotive industry. "Sunfolding brings a novel combination of proven technologies to an industry that is ready for disruption; we are excited to invest as the company is realizing impressive commercial traction. "The positive response to Sunfoldings solution from developers, EPCs, and banks has made this growth possible and we look forward to delivering on over a gigawatt of projects in our pipeline. The Sunfolding T29 makes solar power plants easy to install and smarter to operate, with motor-free tracker rows and 95% fewer maintenance locations.