Nextracker

Company website
Foundation year

2013

Open price

$24.00

Close price

The deal is still open

About

Total investment amount: $547 million
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Nextracker Inc. manufactures solar trackers and software for their automation. Trackers are devices that move solar panels to follow the sun's movement across the sky. In some cases, even simple single-axis trackers can increase energy production by 30%.

Nextracker offers trackers for panels of various sizes, including large two-sided ones that are typically used in large power plants. The company's solutions are characterized by increased resistance to hurricane-force winds.

Nextracker's products are used in a gigawatt-scale solar power plant in Dubai, as well as in similarly sized generating facilities in Brazil and Australia.

Nextracker's production is based in the United States, and the company intends to maintain an annual pace of tracker production for panels with a total capacity of up to 10 GW.

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Number of employees: 400-600
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Headquarters location: Fremont, California, USA.

Underwriters

SJF Ventures, TPG Rise Climate Fund, ClearSky

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Dubai

Sharjah Media City, Sharjah, UAE

USA

500 Delaware ave,
STE 1 #1960 Wilmington, DE, USA

Czech Republic

Czech Republic, Prague, Bilkova 855/19

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