Avantus, formerly known as 8minute, is a United States-based startup that is spearheading the clean energy transition with a vision to propel towards a more prosperous future. The company is dedicated to realizing the widespread availability of reliable, cost-effective clean energy globally. With a history of pioneering advancements in next-generation solar energy, Avantus has achieved significant milestones such as developing one of the nation’s largest solar clusters and being among the first to surpass fossil fuel prices in 2016. Presently, the company is pushing the boundaries of existing technologies to establish a vast portfolio of smart power plants with integrated storage, capable of providing millions of people with affordable, zero-emission energy around the clock. Their relentless pursuit of improvement is aimed at achieving gigaton-level decarbonization and extending the benefits of clean energy to all. The company recently secured a $400.00M investment in a Private Equity Round on 19 January 2022, with EIG Global Energy Partners as the investors. Avantus operates within the Energy, Renewable Energy, and Clean Energy sectors, showcasing a promising trajectory for investors looking to support sustainable and innovative ventures.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | $522.00M | 2 | Sumitomo Mitsui Banking Corporation, Kohlberg Kravis Roberts | 30 Jul 2024 |
Private Equity Round | $400.00M | 1 | 19 Jan 2022 | |
Debt Financing | Unknown | 1 | 19 Jan 2022 | |
Debt Financing | $225.00M | 5 | Rabobank, CIT Group | 01 Jun 2020 |
Private Equity Round | $200.00M | 2 | J.P. Morgan Asset Management | 13 Dec 2018 |
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