What is ERTHOS?
Founded in 2019 and based in Tempe, AZ, ERTHOS is pioneering a new approach to utility-scale solar power plants with its Earth Mount Solar PV technology. This innovative system eliminates the need for structural steel by installing solar modules directly onto the earth's surface. Complementing this core technology, ERTHOS has developed an autonomous cleaning robot designed to sweep solar arrays nightly and capture module-level DC health data. The company's executive team brings extensive experience from leading firms such as Tesla, Intel, General Electric, and First Solar, positioning ERTHOS to significantly reduce the cost, construction time, and land footprint of solar installations.
How much funding has ERTHOS raised?
ERTHOS has raised a total of $48.9M across 3 funding rounds:
Series A
$7.4M
Series B
$17.5M
Other Financing Round
$24M
Series A (2019): $7.4M, investors not publicly disclosed
Series B (2022): $17.5M led by Capricorn Investment Group
Other Financing Round (2023): $24M supported by Capricorn’s Technology Impact Funds
Key Investors in ERTHOS
Capricorn’s Technology Impact Funds
Capricorn’s Technology Impact Funds is an investment vehicle focused on technology and impact-driven ventures, likely supporting companies that align with sustainable and forward-thinking technological advancements.
Capricorn Investment Group
Capricorn Investment Group is a Palo Alto-based investment firm managing diversified portfolios with a strong focus on sustainable, climate, and impact investments, backing companies addressing global environmental and social challenges.
What's next for ERTHOS?
With its recent major strategic investment, ERTHOS is poised for significant scaling and further technological development. The company's focus on cost reduction and efficiency in utility-scale solar aligns with global energy transition goals. Future endeavors will likely involve expanding the deployment of its Earth Mount Solar PV system and enhancing its autonomous cleaning and data monitoring capabilities. This strategic backing is expected to accelerate ERTHOS's market penetration and solidify its position as a leader in innovative solar energy solutions.
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