#USA #solar energy #Boston #Raptor Maps #Maverix Private Equity

Raptor Maps Announces $35 Million Series C Funding

In a significant move underscoring the growing demand for cleaner energy solutions, Raptor Maps, a leading solar asset management firm, has successfully raised $35 million in its Series C funding round. This financing was primarily led by Maverix Private Equity, with contributions from existing investors such as MKB, Blue Bear Capital, Congruent Ventures, Buoyant Ventures, and Y Combinator.

The backdrop for this funding is a booming global electricity demand coupled with the unprecedented supply of low-cost, clean energy. With such fundamentals, Raptor Maps aims to enhance the productivity of solar farms and facilitate the transition towards sustainable energy solutions.

As the solar industry grapples with years of underperformance, this funding is viewed as critical. Raptor Maps has focused on the need for advanced analytics and digital solutions to improve performance in the solar energy sector. The company's innovative software has already played a crucial role in digitizing leading solar portfolios across North America and globally. Recently, Raptor Maps introduced Raptor Solar Sentry, an industry-first software product that integrates operations and maintenance tasks into a unified platform utilizing both human and robotic resources. This innovation represents a significant step forward, enabling solar asset owners to potentially achieve double-digit gains in financial returns.

Nikhil Vadhavkar, Co-Founder and CEO of Raptor Maps, stated, "Our mission is to revolutionize solar asset management through cutting-edge technology. Many leaders in solar have heard of Raptor Maps. Supercharging our product with Raptor Solar Sentry has greatly benefited our customers, offering a fundamentally new approach for solar asset owners. This allows them to effectively manage operational expenses and recover returns that many portfolios have struggled to access in recent years. With the backing of this elite investment group, we are well-positioned to fulfill our mission of making solar energy the premier competitive electricity source in the growing economy."

The contribution of Maverix Private Equity further emphasizes the commitment to fostering smart cities and sustainable energy solutions. Mohit Talwar, a partner at Maverix, remarked, "We're excited to lead this investment in Raptor Maps, as it aligns with our vision of promoting smart urban infrastructure. The platform not only enhances the operational efficiency of solar farms but also plays a pivotal role in nurturing intelligent infrastructure—an integral part of a sustainable future."

This latest injection of capital will expedite Raptor Maps' product development, with enhancements planned for solar automation, work management systems, and advanced machine-learning insights. The company has ambitious goals to expand its workforce, particularly in software engineering and data science, ensuring it maintains its competitive edge in an evolving market.

About Raptor Maps

Raptor Maps is on a mission to create an integrated operating system for the solar sector, providing essential tools for asset owners to build, manage, and operate their solar facilities effectively. With a focus on increasing asset resilience and energy production while lowering risks and costs, Raptor Maps aims to elevate the rate of return for solar investments. For further details, visit Raptor Maps.

About Maverix Private Equity

Maverix Private Equity is a Toronto-based private equity firm led by a proficient team well-versed in investment strategies that drive growth and disruption through technology. Maverix is currently working with its inaugural fund, targeting North American enterprises that demonstrate rapid revenue growth and successful business models. To learn more, visit Maverix Private Equity.