Sunfolding, a former participant in an R/GA Ventures and Macquarie-backed accelerator, will use the series B funding to build out its solar tracker business.
Sunfolding, a US-based solar tracker producer backed by consulting firm R/GA, completed a $32m series B round on Tuesday featuring Macquarie Capital, a subsidiary of financial services firm Macquarie.
Macquarie, which also oversees renewable energy infrastructure financier Green Investment Group, was joined by venture capital firm G2VP and undisclosed additional investors.
Founded in 2012, Sunfolding designs, manufactures and markets components for use in solar power projects.
The company’s main product is a single-axis solar tracker – the module responsible for orientating…
