Sunstone helps businesses go solar by providing simple and cost-effective loan financing. Even as a confluence of factors drive business demand for clean energy, including tax incentives, customer preferences for sustainability, and a need for resilient power access, most companies have not had access to loan financing for solar installations in the past.
“We are at a turning point in the clean energy revolution as the solar industry has never experienced this level of economic, social and regulatory tailwinds simultaneously” said Josh Goldberg, co-founder and CEO of Sunstone. “Sunstone is extremely well positioned to capitalise on these unprecedented sector dynamics in pursuit of our mission to make solar energy accessible to more businesses.”
Sunstone will use the funding to hire new talent and enhance its technology platform. Also participating in the round were Earthshot Ventures and existing investors Grotech Ventures, Cross River Digital Ventures, and Forbright Bank. Grotech Managing Partner Lawson DeVries will join the Sunstone Board of Directors. In addition to their role as equity investors, Cross River and Forbright Bank will also continue to provide financing for Sunstone’s loan portfolio.
Available through a national network of solar installer partners, Sunstone’s affordable and easy-to-understand solar finance offering allows businesses to reap the substantial benefits of going solar and owning their own solar system.
The company has supported hundreds of solar developer partners across the US since launching in late 2021.
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