Sunrun has raised $150 million in equity financing.
The company says a ‘leading public institutional investor’ led the round with a $100 million investment. Existing and new investors provided the remaining $50 million.
In February, Sunrun acquired from Mainstream Energy Corp. the residential division of REC Solar, distributor AEE Solar and racking hardware manufacturer SnapNrack.
‘We are well capitalized for the next phase of our business, which continues to experience impressive growth quarter over quarter,’ says Edward Fenster, chairman of Sunrun.