Solar sales and design platform company Aurora Solar is acquiring Folsom Labs, the developer of the HelioScope software for the commercial solar sector. Terms were not disclosed.
The acquisition is in line with Aurora’s strategy to provide tools for residential to large-scale commercial solar companies, and for all teams within an organization.
Aurora software’s lets solar installers perform remote solar shading analysis, design solar and storage rooftop systems, forecast energy generation, calculate savings, and produce sales proposals with financing choices. Vendors include SunPower, Momentum Solar, Black & Veatch, and Namaste Solar.
Aurora Solar said that to date, over 6 million solar projects worldwide have been designed using its software. The HelioScope software has been used to design over 1,200 GW of solar projects worldwide.
In May, Aurora closed a $250 million Series C funding round led by Coatue, with follow-on participation from existing investors ICONIQ Capital, Energize Ventures, and Fifth Wall. In just over two years, Aurora Solar has raised more than $320 million.
This article was updated on August 9 to include details of Aurora’s most recent financing round.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.