What is The 5B?
Founded in 2013 by solar engineers Chris McGrath and Eden Tehan, 5B is dedicated to making clean energy more competitive, accessible, and powerful. The company has revolutionized solar project delivery through its flagship technology, MAVERICK. MAVERICK is a prefabricated, plug-and-play solar block designed for rapid deployment, capable of being folded, shipped, and installed in minutes. This innovative approach allows customers to implement solar projects more simply, swiftly, and cost-effectively, enhancing flexibility and reducing overall expenses.
How much funding has The 5B raised?
The 5B has raised a total of $65.6M across 2 funding rounds:
Series A
$8.7M
Series B
$56.9M
Series A (2020): $8.7M with participation from AES
Series B (2022): $56.9M led by BP Ventures, Artesian Venture Capital, and AES
Key Investors in The 5B
BP Ventures
BP Ventures is an active investor in the clean technology space, likely focusing on companies that align with global energy transition goals and offer innovative solutions for renewable energy deployment.
AES
AES Corporation, a global power company, provides strategic investment in energy solutions that contribute to a sustainable and affordable energy future, aligning with 5B's mission.
AES
The AES Corporation's involvement suggests a strategic interest in companies that are developing advanced technologies for the power and energy sector, supporting the expansion of renewable energy infrastructure.
What's next for The 5B?
With its recent major strategic investment, The 5B is poised for significant scaling and further technological advancement. The company's Series B funding round, following its Series A, indicates a transition into a growth phase, likely focusing on expanding market reach and enhancing the capabilities of its MAVERICK technology. This capital infusion will be instrumental in solidifying its position as a leader in the clean energy sector and accelerating the adoption of its innovative solar solutions globally.
See full The 5B company page
