Palmetto logo — Clean energy is for everyone.

Palmetto

Clean energy is for everyone.

Founded 2009 United States Charlotte, United States 545 employees Private Equity Total: $628.30M Energy, Clean Energy

General Information

Company Name Palmetto
Founded Year 2009
Location United States Charlotte, United States +2
Employees 545
Industries Energy, Clean Energy
Funding Stage Private Equity
Social

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About Palmetto

Palmetto is a US-based startup with a mission to democratize access to clean energy. The company's Clean Energy Operating Platform offers end-to-end solutions for homeowners to transition to renewable energy sources, particularly solar power, in a more cost-effective manner. Recognized as the Most Forward-Thinking Contractor by Solar Power World in 2022, Palmetto is committed to not only driving revenue but also to a sustainable impact. Established in 2009, Palmetto recently secured a significant $150.00M investment in a Private Equity Round led by TPG Rise Climate Fund in March 06, 2023. Moreover, the company's Get-Solar, Give-Solar program focuses on providing clean energy access to underserved communities in sub-Saharan Africa. With a fully distributed team, Palmetto continues to make strides in the residential clean energy market and strives to foster decarbonization.

Taxonomy: Clean energy, Renewable energy, Solar power, Energy intelligence, Decarbonization, Residential clean energy market, Digital sales, Customer experience, Impact investment, Green technology, Social responsibility, Distributed company, Triple bottom line, Renewable energy access

Funding Rounds & Investors (9)

View All
Funding Stage Amount Investors Lead Investors Date
Private Equity Round $150.00M 1 TPG Rise Climate Fund 06 Mar 2023
Series C $375.00M 10 Nirav Tolia, Joanne Bradford 24 Feb 2022
Debt Financing $40.00M 1 JP Morgan 01 Jan 2022
Series B $29.00M 8 03 Aug 2020
Debt Financing $20.00M 1 15 Feb 2019

View All 9 Funding Rounds

Palmetto Alternatives & Competitors

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FAQ About Palmetto

Clean energy is for everyone.
Palmetto was founded in 2009.
Palmetto is headquartered in Charlotte, United States.
Palmetto operates in the following industries: Energy, Clean Energy.
Palmetto has approximately 545 employees.
Palmetto has completed 9 funding rounds, raising a total of $628.30M. The latest funding stage is Private Equity.
Top alternatives and competitors to Palmetto include Hello Solar, Glyde Solar, Electriq Power, ZIZ Energie, Prescinto, an IBM Company. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Palmetto and Hello Solar are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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