Sunnova

About

Sunnova is a residential solar company providing nationwide coverage of affordable and reliable energy to customers' homes.

Houston,Texas,United States
501 - 1000
http://sunnova.com

Highlights

Details

Last Funding Type: Post-IPO Debt
Last Funding Money Raised: $425M
Industries: Clean Energy,Energy,Renewable Energy,Solar
Founded date: Jan 1, 2012
Number Of Employee: 501 - 1000
Operating Status: Active
Stock Symbol: nyse:NOVA
Legal Name: Sunnova Energy Corporation

Sunnova is a residential solar company providing nationwide coverage of affordable and reliable energy to customers' homes. Sunnova offers the benefits of solar service through its network of local installation partners who work directly with homeowners. Sunnova maintains solar service agreements with each homeowner, providing worry-free electricity and service for years to come.

Sunnova helps homeowners go solar in more states than any other provider in the nation. By working with experienced, locally-owned installation contractors, the Sunnova Partner Network better serves customers and the local economy.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

12

$2.89B

Sunnova has raised a total of $2.89B in funding over 2 rounds. Their latest funding was raised on Aug 15, 2022 from a Post-IPO Debt round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Aug 15, 2022	Post-IPO Debt	$425M	—	—	—	Detail
Jan 2, 2020	Post-IPO Debt	$150M	2	Credit Suisse Libremax Capital	—	Detail
Jul 24, 2019	IPO	$168M	—	—	—	Detail
Apr 3, 2018	Private Equity（PE）	$100M	1	Quantum Strategic Partners	—	Detail
Jun 14, 2017	Debt Financing	—	1	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

5

0

Sunnova has made 5 investments. Their most recent investment was on Nov 7, 2022, when Upstart Power raised $17M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Nov 7, 2022 Upstart Power	Series C	$17M	Energy	—
Mar 8, 2022 WalletConnect	Series A	$11.25M	Cryptocurrency	—
Jan 25, 2022 Flint	Seed	$5.10M	Apps	—
Dec 10, 2021 Router Protocol	Series A	$4.10M	Blockchain	—
Oct 13, 2021 Arcana Network	Series Unknown	$2.30M	Blockchain	—

Investors

Number of Lead Investors

Number of Investors

7

9

Sunnova is funded by 9 investors. Credit Suisse and Libremax Capital are the most recent investors.

Investor Name	Lead Investor	Funding Round
Credit Suisse	Yes	Post-IPO Debt
Libremax Capital	Yes	Post-IPO Debt
Quantum Strategic Partners	Yes	Private Equity（PE）
Goldman Sachs	Yes	Debt Financing
Energy Capital Partners	Yes	Private Equity（PE）
Triangle Peak Partners	Yes	Debt Financing
Franklin Square Capital Partners	Yes	Private Equity（PE）
CIT Group	—	Debt Financing
Blackstone Credit	—	Private Equity（PE）