Nextracker - About the company
Nextracker is a public company based in Fremont (United States), founded in 2013 by Marco Miller, Marco Garcia, Alexander Au, Mike Mehawich and Dan Shugar. It operates as a Provider of integrated utility-scale solar platform solutions from design to operations. Nextracker has raised $42.6M in funding from SJF Ventures. The company has 7 active competitors, including 1 funded and 2 that have exited. Its top competitors include companies like Sono Motors, Voltiris and Titlis Projects & Engineering.
Company Details
Provider of integrated utility-scale solar platform solutions from design to operations. The company delivers execution through logistics coordination and installation. Specialized equipment and training ensures teams are prepared for challenges. It offers support across every stage of project development.
- Website
- nextracker.com
- Social
- Email ID
- *****@nextpower.com
- Phone Number
- +1 **********
- Registered Address
- Floor 19th and 20th, Nexity Tower T-20, Hyderabad Knowledge City Layout, Raidurgam, Hyderabad, Gachibowli, K.V.Rangareddy, Seri Lingampally, Telangana, India, 500032
Key Metrics
Founded Year
2013
Location
Fremont, United States
Stage
Public
Total Funding
$42.6M in 3 rounds
Latest Funding Round
Investors
Ranked
1st among 7 active competitors
Annual Revenue
$1B+ as on Mar 31, 2026
Employee Count
987 as on Sep 30, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Public
Legal entities associated with Nextracker
Nextracker is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Nextpower Inc. CIN: 1852131 , United States, Active | Dec 18, 2022 | $1B+ (As on Mar 31, 2026) | 1050 (As on Mar 31, 2024) | - |
NEXTPOWER INDIA PRIVATE LIMITED CIN: U29100TG2021PTC149236 , India, Active | Mar 03, 2021 | ₹1,000+ Cr (As on Mar 31, 2025) | 546 (As on Mar 01, 2026) |
Nextracker's IPO details
Nextracker got listed on Feb 09, 2023.
Click here to take a look at Nextracker's IPO in detail
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Nextracker's funding and investors
Nextracker has raised a total funding of $42.6M over 3 rounds. Its first funding round was on Feb 21, 2014. Nextracker has 9 institutional investors.
Here is the list of recent funding rounds of Nextracker:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 17, 2015 | 2089752 | Series C | 3835223 | 9776325 | 3618405 | 2545089 |
Dec 17, 2014 | 9830664 | Series B | 8875919 | 6846293 | 5607479 | |
Feb 21, 2014 | 1249241 | Series A | 1337597 | 9689994 | 5703023 |
Access funding benchmarks and valuations. Sign up today!View details of Nextracker's funding rounds and investors
Nextracker's founders and board of directors
Founder? Claim ProfileThe founders of Nextracker are Marco Miller, Marco Garcia, Alexander Au, Mike Mehawich and Dan Shugar. Dan Shugar is the CEO of Nextracker.
Here are the details of Nextracker's key team members:
- Marco Miller: Co-Founder & COO of Nextracker. Contact Info: 1 email address
- Marco Garcia: Co-Founder & CCO of Nextracker. Contact Info: 1 email address
- Alexander Au: Co-Founder & CTO of Nextracker. Contact Info: 1 email address
- Mike Mehawich: Co-Founder & CSO of Nextracker. Contact Info: 1 email address
- Dan Shugar: Co-Founder & CEO of Nextracker. Contact Info: 1 email address
View details of Nextracker's Founder profiles and Board Members
Nextracker's employee count trend
Nextracker has 987 employees as of Sep 26. Here is Nextracker's employee count trend over the years:
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Nextracker's Competitors and alternates
Top competitors of Nextracker include Sono Motors, Voltiris and Titlis Projects & Engineering. Here is the list of Top 10 competitors of Nextracker, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Nextracker 2013, Fremont (United States), Public | Provider of integrated utility-scale solar platform solutions from design to operations | $42.6M | 76/100 | |
2nd | Sono Motors 2013, Munich (Germany), Public | Developer of solar solutions for vehicle original equipment manufacturers | $120M | 67/100 | |
3rd |  Voltiris 2021, Lausanne (Switzerland), Seed | Developer of solar modules compatible with greenhouse crops | $6.87M | 59/100 | |
4th | Titlis Projects & Engineering 2014, Vadodara (India), Unfunded | Provider of engineering solutions, agritech innovations, and renewable energy products | - | - | 25/100 |
5th | Provider of integrated solar energy solutions | - | - | 21/100 | |
6th |  Innovative Renewables Unfunded | Manufacturer of electrical connection boxes for solar energy system installations | - | - | 16/100 |
7th | _gHK36594uFTA0ECpAmJsn.png?devicePixelRatio=2&height=30&width=30){kind=logo} ramrajasolarpower.com Jhansi (India), Unfunded | Solar EPC and supply company delivering rooftop and commercial solar power solutions and related products | - | - | 16/100 |
8th |  7Solar Technologies Woburn (United States), Deadpooled | Limited information available | - | 14/100 |
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Nextracker's Investments and acquisitions
Nextracker has not made any investments yet. Nextracker has made 6 acquisitions.Here is the list of latest three $acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Sep 08, 2025 | Acquisition | 2019 | Bend (United States) | |
May 15, 2025 | Acquisition | 1985 | San Jose (United States) | |
Aug 02, 2024 | Acquisition | 2017 | Burleigh Heads (Australia) |
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Reports related to Nextracker
Here is the latest report on Nextracker's sector:
News related to Nextracker
Filter this listMedia has covered Nextracker for a total of 25 events in the last 1 year, 17 of them have been about company updates and 3 about partnerships.
•
Abacus FCF Advisors LLC Acquires New Stake in Nextpower Inc. $NXTMarketBeat•Apr 26, 2026•Nextracker, abacusfcf.com
•
Nextpower Advances Measurable Climate Leadership with SBTi-Validated Emissions Targetsnextpower.com•Mar 10, 2026•Nextracker, nextpower.com
•
Hel Ved Capital Management Ltd Makes New Investment in Nextpower Inc.MarketBeat•Mar 07, 2026•Helved Capital, Nextracker
•
Nextpower Europe Showcases Integrated Agrivoltaics Solutions at KEY The Energy Transition Expo in Rimini, Italynextpower.com•Mar 04, 2026•Nextracker, nextpower.com
•
Nextpower to supply US-made steel module frames to Jinko SolarRenewables Now•Feb 17, 2026•Jinko Solar, nextpower.com, JinkoSolar, Nextracker
•
Nextpower Arabia to supply 2.25 GW of smart solar trackers for solar projectEnergy Global•Jan 28, 2026•Abunayyan Holding, nextpower.com, Larsen Toubro, sineng-electric.com and 3 others
•
Nextpower Reports Third Quarter Fiscal Year 2026 Financial ResultsBusiness Wire•Jan 28, 2026•nextpower.com, Nextracker
•
Energy Leaders Abunayyan Holding and Nextpower Complete Formation of Joint Venture, Nextpower ArabiaBusiness Wire•Jan 12, 2026•Abunayyan Holding, nextpower.com, Nextracker
•
Nextracker rebrands as Nextpower, expands into full energy technology platformSeeking Alpha•Nov 12, 2025•Nextracker
•
18,358 Shares in Nextracker Inc. $NXT Acquired by Bryce Point Capital LLCMarketBeat•Nov 05, 2025•Nextracker
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