Solar Startup Raptor Maps Closes $35 Mn Series C Financing Round

US-based software company Raptor Maps recently announced its oversubscribed Series C financing round. The $35 million growth investment was led by Canadian-based Maverix Private Equity (Maverix). It involved participation from existing investors MKB, Blue Bear Capital, Congruent Ventures, Buoyant Ventures, and Y Combinator.

The firm works towards increasing the impact of advanced analytics and digital solutions in the solar market. Raptor Maps has developed software to help solar energy scale and has digitized the leading solar portfolios in the North American and global markets. With the introduction of Raptor Solar Sentry, an industry-first software product that orchestrates solar operations and maintenance work by people and robotics aided in better monitoring of solar assets.  

Series C Financing

The Series C financing will accelerate Raptor Maps’ product development, including enhancements in solar automation, work management, and machine-learning insights. Additionally, the company plans to expand its team with further investments in software engineering and data science.

Nikhil Vadhavkar, Co-Founder and CEO of Raptor Maps. “It provides a fundamentally new approach for solar asset owners to manage OpEx and realize returns that were underwritten in the first place but have slipped out of reach for far too many portfolios. With the support of this elite investment group, we are capitalized to more fully achieve our work of making solar energy the smartest and most competitive electricity source in the economy.”

Mohit Talwar, Partner at Maverix said, “The platform not only enhances the efficiency of solar farm operations but also plays a critical role in advancing intelligent urban infrastructure. Our investment in Raptor Maps underscores our commitment to empowering asset owners and operators to unlock optimal solar performance, while championing disruptive technologies that drive a more sustainable and connected future.”