Aether funding news – Aether Secures $2.5Million in Seed Funding
Oct 25, 2024 | By Kailee Rainse
Aether is a cutting-edge platform for rooftop solar has secured $2.5 million in seed funding led by noa (formerly A/O) with support from Y Combinator, Collab Fund, Amino Capital, and Climate Capital. This funding will help Aether expand and launch a solar design tool specifically for the European market.
SUMMARY
- Aether is a cutting-edge platform for rooftop solar has secured $2.5 million in seed funding.
- Aether provides AI design and workflow software for solar installers around the world.
Why Ather founded ?
Aether was founded to create technology. It also promotes rooftop solar deployment and lowers costs. The rooftop solar industry faces major challenges including misleading sales practices that harm consumer trust.
Without clear software solutions to reduce confusing financial arrangements and high-pressure sales tactics the potential of rooftop solar cannot be fully realized.
What are they Building ?
Aether is building an integrated platform that streamlines the entire solar processfrom pre-sales and design to installation and home monitoring. After gathering feedback from hundreds of installers it's AI platform offers a comprehensive tool for solar installers tackling the inefficiencies caused by the many different apps currently in use. Many installers rely on disconnected software that is expensive inefficient and slow to implement.
RECOMMENDED FOR YOU
Medianova funding news – Medianova Raises an Undisclosed but “substantial” Investment from Turkven
Kailee Rainse
Nov 6, 2024
By providing a single flexible platform it simplifies the process, saving time and cutting operational costs for installers, who often work with tight profit margins.
Read also - Oriole Networks funding news – London-based Oriole Networks Secures an Additional €20.2 Million Funding
Aim of the Company
The platform also aims to help smaller installers, who usually have fewer resources for tech innovation. Features like one-click solar design automation are already proving valuable, and it is on track to reach $1 million in annual recurring revenue (ARR) just nine months after launching.
Zayne Sagar, Founder and CEO of Aether, said: “Our platform makes rooftop solar affordable and accessible. We’ve made great progress as a team since our launch nine months ago. This funding is a key moment that will drive our next phase of innovation as we continue to push the boundaries of rooftop solar.”
About Aether
Aether provides AI design and workflow software for solar installers around the world. They believe that combining hardware, software, and financial solutions is essential to addressing the climate crisis.