Erthos & Capricorn Close $17.5M Series B Financing
03/01/22, 10:11 AM
Location
Money raised
$17.5 million
Round Type
series b
Erthos, Inc., a solar energy technology company focused on breakthrough advances for utility-scale solar, today announced the closing of its $17.5M Series B financing round, led by Capricorn Investment Group, known for investing in iconic companies including Tesla and SpaceX. The investment was made by Capricorn’s Technology Impact Fund, a venture capital partnership that invests in companies developing novel technologies and business models to propel a new wave of renewable companies and infrastructure. Aimed at accelerating market entry, the funds will be used to double headcount and to support further product development in the areas of robotic cleaning, system analytics, and modeling software.
Company Info
Location
tempe, arizona, united states
Additional Info
Erthos has introduced Earth Mount Solar™ PV to the market, a new way to build solar power plants by eliminating structural steel and installing solar modules directly on the earth. Complimenting this architecture, Erthos has developed an autonomous cleaning robot that sweeps the solar array each night and captures module-level DC health data.