Andrew Birch, chief executive of Sungevity, said: "I am thrilled about the potential of reaching Lowe's 15 million weekly customers at their more than 1,750 retail locations, with Sungevity's services."
Lowe’s, the world’s second largest home improvement retailer, has taken a minority stake in Sungevity, which helps people install solar panels.
Andrew Birch, chief executive of Sungevity, said: "I am thrilled about the potential of reaching Lowe’s 15 million weekly customers at their more than 1,750 retail locations, with Sungevity’s services."
Patti Price, senior vice-president of merchandising at Lowe’s, added: "Lowe’s new partnership with Sungevity responds to customer demand by providing a convenient and affordable process for going solar."
US-based Sungevity previously raised $15m in its series C round in December from venture capital firms Greener Capital, Firelake Capital and Brightpath Capital Partners.
In March last year, Sungevity set up a $24m fund with bank US Bancorp to finance solar systems for Californian homes by leasing solar panels for 10 years.
Sungevity’s B round raised $6m in September 2009 from Renewal Partners and Greener Capital.
