Solar power servicing company Omnidian raises $87M to spark growth

Omnidian, a Seattle company that manages solar power performance and services the panels for commercial and residential installations, announced an $87 million investment today. The new funding will support three focus areas for Omnidian: Omnidian reported that its revenue more than tripled from 2022 to 2024. It’s ranked No. 52 on the GeekWire 200, our list of top tech startups across the Pacific Northwest. Last month, Omnidian announced the acquisition of Solar Service Guys, a company based in Australia that describes itself as the country’s largest solar service network. The business will run as a fully integrated subsidiary of Omnidian.… Read More

Apr 23, 2025 - 16:30

Solar power servicing company Omnidian raises $87M to spark growth

Solar panels. (American Public Power Association Photo used via Unsplash)

Omnidian, a Seattle company that manages solar power performance and services the panels for commercial and residential installations, announced an $87 million investment today.

The new funding will support three focus areas for Omnidian:

Growth of existing services for maintenance of clean energy installations.
Expanding into “high-potential markets” that include Australia and elsewhere.
Investigating new areas for servicing, including electric vehicle charging infrastructure and commercial energy storage solutions, such as batteries.

Omnidian reported that its revenue more than tripled from 2022 to 2024. It’s ranked No. 52 on the GeekWire 200, our list of top tech startups across the Pacific Northwest.

Last month, Omnidian announced the acquisition of Solar Service Guys, a company based in Australia that describes itself as the country’s largest solar service network. The business will run as a fully integrated subsidiary of Omnidian.

While the Trump administration has canceled grants supporting the installation of clean energy, U.S. developers are expected to add 54 gigawatts of solar capacity to the grid this year, according to BloombergNEF. Developers had been stockpiling solar panels, which are largely manufactured abroad, but sky-high tariffs could impact future deployments in the U.S.

Last year, solar was responsible for 81% of new energy capacity in the U.S., according to Ember. Solar accounts for more than 30% of the electricity mix for clean energy leaders California and Nevada.

Omnidian raised $25 million in 2023, and its total funding is estimated at $165 million.

The new round was led by B Capital, an investment firm with a strategic partnership with Boston Consulting Group. Other participants include existing investors Activate Capital, Liberty Mutual Investments, National Grid Partners and WIND Ventures, as well as new investors B Capital, Marunouchi Innovation Partners, BNP Paribas Solar Impulse Venture Fund, Citi Impact Fund and Alumni Ventures,