FTC Solar Lands $75M Financing to Fuel Growth

FTC Solar Inc. has entered into a $75 million strategic financing facility (the “Financing Facility”) with Cleanhill Partners and affiliates, AV Securities, and other long-term investors. 

The Financing Facility provides for an initial term loan financing of up to $37.5 million. Of that amount, $14.3 million of term loan financing and an associated warrant issuance closed and funded on July 2, 2025.  

The balance is expected to close in the third quarter of 2025. 

The Facility also provides up to an additional $37.5 million in funding which will be available to the company as needed in the future upon mutual agreement between the company and the investors under the Facility for a total potential financing of $75 million. 

“Discussions with multiple industry participants led us to reach out to FTC Solar, and our research and feedback from developers and EPCs has only led us to be even more excited about the future prospects of the company,” said Ash Upadhyaya and Rakesh Wilson, Managing Partners at Cleanhill Partners, in a statement. “We believe FTC Solar has one of the most revolutionary technology platforms in the industry and a great team to drive strong future performance.” 

FTC Solar plans to utilize the proceeds for balance sheet support, growth acceleration, and general corporate purposes. The company anticipates holding a special meeting for its shareholders in early September to approve the full exercise of the warrants issued. 

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