When was SolarCity founded?

SolarCity was founded in 2006 and raised its 1st funding round within a year of its incorporation.

Where is SolarCity located?

SolarCity is headquartered in San Mateo, United States.

Who is the current CEO of SolarCity?

Lyndon Rive of SolarCity. They are also angel investors in 4 startups, including Everdream.

How many employees does SolarCity have?

As of Aug 31, 2026, the latest employee count at SolarCity is 2057.

Is SolarCity a funded company?

SolarCity is a funded company, having raised a total of $1.28B across 27 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Sep 15, 2006.

How much is SolarCity worth?

The last known valuation of SolarCity was $***** as of Oct 01, 2023.

When was the latest funding round of SolarCity?

SolarCity's latest funding was a $***** Post IPO round on Sep 12, 2016, with participation from 0 investor.

What is the annual revenue of SolarCity?

Annual revenue of SolarCity is between $500M and $1B as on Dec 31, 2016

Where does SolarCity rank among its competitors?

SolarCity ranks 3rd amongst 1590 active competitors, of which 27 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was SunPower, which secured $26.2M in Sep, 2026.

Who are the top competitors of SolarCity?

SolarCity's top competitors include Sunrun, Sunnova and 3Degrees. Among them, SunPower secured the most recent funding round in September, 2026.

SolarCity - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is SolarCity an acquired company?

SolarCity got acquired by Tesla on Jul 22, 2016.

Company Details

Provider of home solar energy solutions and systems for clean, renewable energy production and management. It offers a platform for customers to produce clean, renewable energy for their homes through solar systems, enabling them to take control of their energy use and reduce their carbon footprint. The company provides a range of solar solutions, including residential and commercial systems, designed to meet various energy needs. By leveraging solar energy, customers can save on their utility bills and contribute to a more sustainable future. Tesla's solar systems are designed to be easy to install and integrate with existing energy infrastructure.

Website: solarcity.com
Social

Key Metrics

Founded Year

2006

Location

San Mateo, United States

Stage

Acquired

Total Funding

$1.28B in 27 rounds

Latest Funding Round

Post IPO, Sep 12, 2016, $*****

Last Known Valuation

$***** as on Oct 01, 2023

Investors

Silver Lake & 25 more

Ranked

3^rd among 1590 active competitors

Annual Revenue

$500M - $1B as on Dec 31, 2016

Employee Count

2,057 as on Aug 31, 2026

Investment & Acquisitions

ZOLA Electric & 6 more

Similar Companies

Sunnova & 9683 more

Exit Details

Acquired by Tesla (Jul 22, 2016)

View SolarCity's full profile

SolarCity is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
SOLARCITY CORP CIN: 1408356 , United States, Active		$500M - $1B (As on Dec 31, 2016)	-	-

SolarCity got acquired by Tesla on Jul 22, 2016 at an acquisition amount of $*****.

Click here to take a look at SolarCity's acquisition in detail

SolarCity has raised a total funding of $1.28B over 27 rounds. Its first funding round was on Sep 15, 2006. SolarCity has 26 institutional investors.

Here is the list of recent funding rounds of SolarCity:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 12, 2016	1371004	Post IPO	7889660	6401235	7668306	2098310
Jul 18, 2016	5629601	Post IPO	1540021	1368218	2677677	3730205
May 03, 2016	7703919	Post IPO	2289065	1002211	6116501	John Hancock

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View details of SolarCity's funding rounds and investors

The founders of SolarCity is Lyndon Rive.

Here are the details of SolarCity's key team members:

Lyndon Rive: Founder & CEO of SolarCity and founder of 1 other company. They are also an angel investor in 4 startups and serve on the board of 1 company.

View details of SolarCity's Founder profiles and Board Members

SolarCity's employee count trend

SolarCity has 2,057 employees as of Aug 26. Here is SolarCity's employee count trend over the years:

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Top competitors of SolarCity include Sunrun, Sunnova and 3Degrees. Here is the list of Top 10 competitors of SolarCity, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sunrun 2007, San Francisco (United States), Public	Provider of solar energy services for residential	$297M	Accel, Millennium Technology Value Partners ... & 11 others	80/100
2nd	Sunnova 2010, Houston (United States), Public	A residential solar and energy storage provider	$1.54B	Triangle Peak Partners, ECP & 9 others	77/100
3rd	SolarCity 2006, San Mateo (United States), Acquired	Provider of home solar energy solutions and systems for clean, renewable energy production and management	$1.28B	Silver Lake, TrueBridge & 24 others	72/100
4th	3Degrees 2007, San Francisco (United States), Series B	Energy Services Company	$9.98M	Reaction, American Refining Group	64/100
5th	Vivint Solar 2011, Lehi (United States), Acquired	Provider of solar installation and designing services for residential	-	Summit Partners, Citi & 7 others	60/100
6th	SunPower 1985, Orem (United States), Series D	SunPower – Powering a Brighter Future \| SunPower®	$164M	Foris Ventures, Sand Hill Road & 1 others	57/100
7th	Exowatt 2023, Miami (United States), Series A	Provider of modular full-stack renewable energy solutions for commercial and industrial customers	$105M	Felicis Ventures, 8090 Industries & 23 others	57/100
8th	Terra Energy 2016, Miami (United States), Series D	Provider of solar energy solutions for residential properties, offering a subscription model with no upfront costs and no long-term contracts	$105M	Banesco, First Horizon National Corporation ... & 4 others	52/100
9th	Alpha Generation 2017, Houston (United States), Series D	Provider of power generation facilities	$1.5B	ADIA, CPP Investments	50/100
10th	Powur 2014, San Diego (United States), Seed	Provider of solar energy services for homes	$1.18M	Tech Coast Angels, For Benefit Ventures	49/100

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Looking for more details on SolarCity's competitors? Click here to see the top ones

SolarCity has made 3 investments in companies including ZOLA Electric and ZOLA Electric. SolarCity has also acquired 4 companies including Silevo and Zep Solar.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 21, 2015	Investments	ZOLA Electric	2011	Amsterdam (Netherlands)
Dec 08, 2014	Investments	ZOLA Electric	2011	Amsterdam (Netherlands)
Jun 16, 2014	Acquisition	Silevo	2007	Fremont (United States)